7 Reasons I'm Avoiding the SpaceX IPO Like the Plague -- and You Should, Too!
Structural, operational, valuation, and historical headwinds all point to SpaceX stock being a disaster.
7 Reasons I'm Avoiding the SpaceX IPO Like the Plague -- and You Should, Too!
Overview
The big day has arrived! In a matter of hours, Elon Musk's artificial intelligence (AI) and space economy conglomerate, SpaceX (NASDAQ: SPCX), will make its debut and cement itself as the largest initial public offering (IPO) in Wall Street's storied history.
SpaceX's debut also starts the clock on its entrance into the technology-driven Nasdaq-100, and the Russell 1000 and Russell 3000 indexes. Although the committee overseeing additions to the benchmark S&P 500 (SNPINDEX: ^GSPC) chose not to amend the rules governing index inclusion, changes to the Nasdaq-100 and Russell Equity Index Series inclusion methodology can fast-track SpaceX's entrance into these indexes after 15 (Nasdaq-100) and five (Russell Equity Index Series) trading sessions.
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Originally published at www.fool.com.
