The SpaceX (NASDAQ: SPCX) initial public offering (IPO) is finally here, and whether you invest in it directly or not, this historic event is likely to impact your portfolio.
I say it’s historic because it is expected to raise $75 billion for the company, the largest-ever initial public offering
Whether you’ve sworn off the IPO, were the lucky recipient of IPO shares, or are planning to buy some as soon as you can, here’s what you need to know about the bigger picture. The markets could be volatile It’s not just the size of the offering that’s huge; the company’s total value is expected to start at $1.8 trillion, and it could soar much higher on the first day of trading. A new stock of that size can’t go by unnoticed.
Prediction sites are already calling the IPO for over $2 trillion. Pre-IPO futures on crypto exchange Hyperliquid are predicting $2.1 trillion right now, although traders on Polymarket only give it a 5% chance of breaking through $3 trillion. The S&P 500 has been down this week, and although the decline began with a positive jobs report last Friday, investors might be preparing their funds to buy SpaceX stock.