Prediction: The SpaceX IPO will be the greatest fleecing of retail investors we've ever witnessed [View all]
The big day is less than one week away -- and I'm not talking about the May inflation report. Friday, June 12, is the expected debut of what's arguably the most-hyped initial public offering (IPO) in Wall Street history: SpaceX.
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The buzz surrounding SpaceX is thick enough to cut with a knife. It combines two of the hottest addressable opportunities on Wall Street (AI and the space economy) and is led by Musk, who has overseen a 26,000% return in Tesla shares since taking the company public in June 2010.
But SpaceX also looks to be the biggest trap ever set for retail investors. The historical and structural deficiencies of the SpaceX IPO will result in the greatest fleecing of retail investors we've ever witnessed.
Historical precedent is a mammoth problem for SpaceX
Beyond the hype, there are several reasons to be skeptical of SpaceX. Some of these headwinds are fundamental, such as the company's sizable operating losses, highly capital-intensive operating model, and subpar sales growth from AI start-up xAI, compared to revenue growth from Anthropic and OpenAI.
https://www.msn.com/en-us/money/savingandinvesting/prediction-the-spacex-ipo-will-be-the-greatest-fleecing-of-retail-investors-we-ve-ever-witnessed/ar-AA24Z3NH
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