Economy

The new space race
Space X IPO could be the biggest ever

Space X is preparing to take the step to the stock market in the second half of 2026 in what could be a historic IPO. The space company's valuation has doubled since this summer to $800 billion, according to international media reports on Friday.

According to Bloomberg, it is highly likely that Space X would snatch first place on the list of the largest IPOs ever from Saudi Aramco. The oil giant sold shares for $29 billion in connection with its listing in 2019.

If Space X, at the valuation currently reported, sells 5 percent of its shares at its listing, it would raise $40 billion.

Swedish investor: "Would be an early Christmas present"

The media reports that Elon Musk wants to list the space company SpaceX at the end of 2026 came as a surprise. This is what Johan Hägglund, CEO of the investment platform Tioex, tells EFN.

– If it happens, it would be an early Christmas present, he says.

Hägglund has invested around SEK 60 million of the platform's money in SpaceX over the past two years. A value he estimates would triple if the information about Space X's valuation of $800 billion at a listing proves to be correct.

Nobel Prize
Economics laureate confident: "We are in an AI bubble"

The stock market is in an AI bubble. At least if one is to believe this year's recipient of the Nobel Prize in Economics, Peter Howitt.

– I think many of the investments that people are making now will be worthless, he tells SVT Nyheter.

Howitt, who shares the prize with Philippe Aghion, warns that we are now entering a phase where players are eliminated when some prove to be significantly better at utilizing the technology than others. But regardless of how valuations move, the underlying technology is not a bubble – quite the opposite, he believes.

The future of defense
Race as Europe arms itself: “Everything is in demand”

Investments in the defense sector are skyrocketing, and the Swedish Defense Materiel Administration has orders for 150 billion kronor. This is what Björn Myrberg, CFO at FMV, tells Ekonomiekot Extra.

It is far from just the Swedish defense that is arming itself. According to researcher Per Olsson at the Total Defense Research Institute, there is now a great demand for everything from ammunition to advanced technology.

“Everything is in demand right now,” he says.

At the same time, more and more civilian companies have entered the defense sector, not least on the software side with AI. And the importance of the companies will continue to increase, Björn Myrberg believes.