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June 26, 2010
Saturday
 
 
Boeing is in the race
Dale Amon (Belfast, Northern Ireland/Laramie, Wy)  Aerospace

Boeing has no intentions of being left behind in the commercial race for space. I have been hearing for some time about their CST100 capsule. They are doing this on their own dime. I always knew the Boeing guys would eventually get on the commercial bandwagon and the contract to launch and support the Bigelow Aerospace space station seems a key turning point.

Once Elon Musk gets his divorce all worked out so that ownership is clear, I am pretty sure we will be hearing about an IPO at SpaceX.

Take the success of SpaceX, Boeing entering the commercial manned space market and the pending IPO and the expectation I have of a flood of investment money following a big run up in the value of the placement and you have the recipe for a commercial explosion into LEO.

First LEO, then the Moon, Mars... and beyond. Privately.

Comments

I'm predicting the IPO either after the first successful COTS cargo demo, or after the first commercial crew demo. I'm expecting a market cap of between 5 to 10 billion with SpaceX offering 20-25% of the company with a P/E of at least 30. Given the internet hype over SpaceX, I am expecting the market to drive the stock up to over 100 P/E within weeks of the IPO.


Posted by Mike Lorrey at June 27, 2010 01:52 AM

NOTE: Tesla just had their own IPO today, with an IPO price of $17/share, a bump up from the originally planned 14 bucks. They also increased the offering by 20%. The stock opened in public trading at $19/share, and after a brief selloff by early subscribers (those rich bastards who get first in line for IPO shares as a favor from their broker), TSLA closed for the day just under $24, after peaking at $25. Its opening day gain was 40.5%, while the rest of the stock market had a rather significant drop.


Posted by Mike Lorrey at June 30, 2010 05:32 AM
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