Forget SpaceX’s IPO Day!
Its Shares Can Skyrocket on July 7 — but Retail Investors Would be Wise to Avoid This Potential Trap
The big day for Elon Musk’s SpaceX is rapidly approaching. With SpaceX making its registration statement (S-1) public on May 20, the projected largest-ever initial public offering (IPO) has laid the groundwork to kick off its IPO roadshow on June 4 and debut its shares on the Nasdaq (NASDAQ: NDAQ) exchange on June 12. The buzz surrounding the SpaceX IPO is thick enough to cut with a knife.
Musk’s company is seeking a $1.75 trillion valuation and is focused on Wall Street’s two hottest addressable opportunities: artificial intelligence (AI) and the space economy. But don’t count on SpaceX’s IPO day (June 12) leading to the biggest surge in its shares. Thanks to a newly revamped rule, SpaceX stock can skyrocket on July 7.