Century Investments has been determined as the company to handle the initial product offering of SpaceX, Elon Musk’s spacecraft manufacturing company.
— Century Investments has just secured the launch of the SpaceX IPO. SpaceX is a California-based rocket and spacecraft manufacturer founded by Elon Musk in 2002. SpaceX, also known as Space Exploration Technologies, is unique in that it operates through private funding rather than using government resources. Century Investments is a market leading investment group that will help to take the company public, effectively enfranchising the public into the SpaceX mission for commercial space flight.
The company's immediate goal is to develop reusable rockets, while its ultimate goal is a mission to Mars. The company has a number of notable firsts behind them, being the first commercial company to launch, recover and reuse a rocket, the first to deliver to the ISS, and the first to deliver a satellite outside earth’s orbit. They famously landed the Falcon 9 rocket on a moving platform in the sea earlier this year.
The company and its charismatic CEO Elon Musk have captured the popular imagination, and the IPO is sure to be a major event in the finance and technology world. It is the only one of Musk’s three companies that has not yet had an IPO, despite being profitable and cash flow positive. After winning contracts from NASA to develop manned spacecraft, its future is bright.
Century Investments to secure launch of SpaceX IPO thanks to their unparalleled experience in capital investment, and their broad network of strategic business alliances.
A spokesperson for Century Investments explained, “We are thrilled to have secured the IPO for SpaceX, one of the most exciting companies in a generation. Manned commercial spaceflight will become a reality with the help of investors, who can feel secure in the knowledge the company is already profitable. With us handling the IPO, individuals can rest assured the process of taking the company public will go smoothly, and will be every bit as exciting as it should be.”
About Century Investments: Century Investments' investment groups are market leaders based on assets under management and investment performance. Their distinct but complementary investment groups can invest in all levels of a company's capital structure - from senior debt to common equity. The Firm was built upon the fundamental principle that each group benefits from being part of the broader platform. They believe the synergies from this multi-asset strategy provide their professionals with insights into industry trends, access to significant deal flow and the ability to assess relative value.
Name: MICHELLE CHENG
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Organization: Century Holdings Ltd
Address: Suite 7002, 1350 Avenue of the Americas, New York, NY, 10019
Phone: +1 646-926-1984
Release ID: 155845