The upcoming SpaceX initial public offering (IPO) has caught the market’s attention, and the buzz is getting louder as SpaceX, Anthropic, and OpenAI are all planning huge public debuts.
But investing in a giant IPO may not be the right move for most individual investors
The private investors who have funded these companies until now stand to gain a windfall after they go public. But IPO stocks, especially hyped-up ones, can be extremely volatile when they first start trading, and they often drop, leaving eager retail investors with substantial early losses. If you’re interested in what SpaceX has to offer, you might want to consider Amazon (NASDAQ: AMZN) instead.
Although Amazon is known for e-commerce and increasingly for artificial intelligence (AI), it’s in the middle of launching a broadband satellite business similar to SpaceX’s Starlink that opens up a massive new revenue stream. Introducing Amazon Leo Amazon has been working on a satellite business called Project Kuiper, which it has recently renamed Amazon Leo. It’s a satellite broadband company offering high-speed internet services across the globe, including rural areas not covered by standard services.