SpaceX gears up for the largest IPO in history — accumulate Tesla and aerospace stocks on the hype
Elon Musk's SpaceX is about to go public in what will be the largest stock market debut in history, aiming to raise $75 billion at a $1.75 trillion valuation. Investors are currently rotating money out of crashing cryptocurrencies like Bitcoin and into highly anticipated stock offerings like this one.
Idea
SpaceX's record-breaking debut is generating massive excitement in the stock market, and analysts note that money is actively rotating out of cryptocurrencies and into this mega-IPO. Because SpaceX is not yet publicly traded, investors wanting a piece of the 'Musk premium' are likely to buy up Tesla stock as the closest available proxy. We have also seen that major space and defense companies tend to get a valuation boost during moments of heightened aerospace excitement. Buying Tesla and established aerospace stocks allows traders to front-run the hype surrounding SpaceX's historic June listing.