Gowing Bros' SpaceX Investment Nears $3 Million Following Nasdaq Listing

MT Newswires Live

Jun 25

Gowing Bros' (ASX:GOW) investment in SpaceX has increased in value to around $2.8 million, following SpaceX's Nasdaq listing, according to an Australian bourse filing on Wednesday after market hours.

The investment reflects a substantial gain on the company's total capital investment of $600,000 made between 2024 and 2026, per the filing.

SpaceX has gained to $156.11 from the initial public offering price of $135 as of Tuesday, the filing said.

The investment is currently valued at around AU$4 million, compared with the company's most recent carrying value of AU$2.5 million, the filing added.

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