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SpaceX IPO Fever Takes Over Wall Street
The largest IPO in history is set to hit the market, and SpaceX is bringing an unusual mix of massive investor demand, limited public float, Elon Musk control, and sky-high expectations.
Chuck Zodda and Mike Armstrong break down what makes the SpaceX IPO so unique, why oversubscription does not guarantee smooth trading, and why major IPOs often come with huge first-year drawdowns even when they ultimately perform well. They also discuss Meta’s struggle to build a subscription business beyond advertising, whether retirees may be too cautious with their spending, the massive logistics challenge…
The skinny
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