SpaceX IPO is the biggest ever — ride the space-race momentum into related stocks
SpaceX is set to begin trading tomorrow after pricing the largest IPO in history at $135 a share. Retail investors and massive global funds have already placed tens of billions of dollars in orders to get a piece of the company.
Idea
Historically, a massive hotly-anticipated IPO brings a surge of attention and money into the broader industry. With SpaceX debuting at a massive valuation after attracting billions in global capital, investor enthusiasm is highly likely to spill over into publicly traded space, satellite, and defense companies. Traders who couldn't get shares of SpaceX directly will likely buy the next closest public alternatives. This creates a momentum setup where related stocks could see a significant short-term pop as the broader market tries to ride the wave.