ME News reports that on June 3 (UTC+8), when SpaceX announced its IPO underwriters, Jefferies was not among them—yet bearish investors and several senior executives at Jefferies Group viewed this as a rare opportunity. Sources revealed that hedge funds that did not invest in SpaceX are reaching out to Jefferies to inquire about the possibility of shorting SpaceX after its listing. As the largest U.S. investment bank not participating in SpaceX’s IPO, Jefferies now occupies a unique and advantageous position to facilitate these trades. A total of 23 banks are involved in SpaceX’s IPO, encompassing the vast majority of Wall Street’s major institutions. SpaceX’s IPO is expected to occur on June 12, with the stock ticker SPCX. Today, SpaceX announced it plans to set the IPO price at $135 per share, offering approximately 555.6 million shares, raising up to $75 billion and valuing the company at approximately $1.75 trillion. If completed successfully, it will rank as one of the largest IPOs in global capital market history. Currently on trade.xyz, the SPCX Pre-IPO price is quoted at $189, implying a post-IPO valuation of $2.25 trillion—28.5% higher than the IPO pricing. (Source: BlockBeats)
Jeffries Positioned as Key Short-Selling Channel Amid SpaceX's $750 Billion IPO
KuCoinFlashShare
Summary
Jeffries is becoming a go-to channel for short-sellers ahead of SpaceX’s $750 billion IPO, scheduled for June 12. The firm, which is not involved in underwriting, is receiving inquiries from hedge funds seeking to short the stock. SpaceX plans to price shares at $135, offering 555.6 million shares for a $1.75 trillion valuation. Traders are evaluating the risk-to-reward ratio as value investing in crypto faces new competition from traditional markets.
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