The Retail Investor Fleecing Marches On: Another 319 Million SpaceX Shares Unlock Today, Sept. 24
Nearly $49 billion in potential insider selling pressure could hit the tape today.
Overview
On June 12, Elon Musk's artificial intelligence (AI) and space infrastructure goliath, Space Exploration Technologies (better known as SpaceX) (NASDAQ:SPCX), reset the bar for initial public offerings (IPOs). The $85.7 billion raised from its IPO, including the underwriters' overallotment, almost tripled the previous record holder, Saudi Aramco.
Retail investors are clearly excited about SpaceX's high-ceiling addressable opportunity. The company's lengthy prospectus suggests that $26.5 trillion of its $28.5 trillion addressable market lies with AI.
Image source: Getty Images.
Details
Source
Originally published at www.fool.com.
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