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SpaceX confirms massive IPO — ride the Elon Musk hype into Tesla

SpaceX has officially filed to go public with a massive $75 billion IPO. At the same time, SpaceX's sister company, Tesla, just reported a massive 40% jump in Chinese vehicle sales for May.

Idea

When a high-profile sister company like SpaceX goes public with huge fanfare, investor enthusiasm usually bleeds over to the parent company's other publicly traded ventures. Elon Musk's other major company, Tesla, could catch a wave of reflected excitement as retail and institutional investors look for ways to play the SpaceX news before the official listing. Adding fuel to the fire, Tesla just proved its underlying business is strong with a 40% surge in China sales. Buying Tesla stock ahead of the SpaceX market debut captures this building hype.

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TSLAdaily#stock#ipo#technology

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