SpaceX IPO Hype May Be Setting Investors Up for Disappointment
The company's valuation is getting out of hand.
SpaceX IPO Hype May Be Setting Investors Up for Disappointment
Overview
The hype around Space Exploration Technologies (NASDAQ: SPCX) and its initial public offering (IPO) has been out of this world. It is officially the largest public debut in history, in terms of valuation and capital raised.
It seems like everyone wants to own a piece of SpaceX. Yet the contrarian investor knows that this is a flashing warning sign to run for the hills and avoid buying SpaceX stock. Here's why the IPO hype may be setting up investors who hold this highly unprofitable space economy and artificial intelligence (AI) stock for disappointment over the next few years.
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Originally published at www.fool.com.
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