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SpaceX 'significantly overvalued' as $1.78tn IPO approaches

Illustration accompanying article: SpaceX 'significantly overvalued' as $1.78tn IPO approaches
  • SpaceX plans to raise up to $86 billion in an IPO that values the company at $1.78 trillion, the largest stock market flotation in history, according to filings published June 3.
  • The company posted a net loss of $4.94 billion in 2025, with revenue rising 33% to $18.67 billion, Reuters reported.
  • Financial data firm Morningstar warned that SpaceX is "significantly overvalued" and gave the company a discounted cash flow valuation of $780 billion.
  • The IPO will give index funds and pension funds a stake in the company as insiders sell their shares to ordinary investors, the Guardian reported.
 3 MIN READ

Medtronic fiscal Q4 profit rises to $1.24 billion, sales beat estimates

Illustration accompanying article: Medtronic fiscal Q4 profit rises to $1.24 billion, sales beat estimates
  • Medtronic reported fiscal fourth-quarter profit of $1.24 billion, up 17% from a year earlier, with net sales rising 9.9% to $9.81 billion.
  • Adjusted earnings of $1.55 a share and revenue of $9.81 billion both exceeded Wall Street analyst estimates.
  • Cardiovascular sales jumped 14% to $3.8 billion, making it the company's largest revenue contributor.
  • Medtronic guided for adjusted earnings of $5.90 to $6 a share in the coming fiscal year, with organic revenue growth projected at 6.8% to 7.3%.
  • The medical-device maker raised its quarterly dividend by a penny and made strategic investments in two private companies developing intracardiac echocardiography catheter technology.
 3 MIN READ
Illustration accompanying article: Market-Research Firm AlphaSense Clinches $7.5 Billion Valuation in New Funding Round