@junnyyang: The biggest IPO in history happens this Friday. SpaceX is finally going public, but at a staggering $1.75 trillion valuation. For a company that’s still not profitable and valued at 100x revenue, it feels overvalued. Add on the plethora of bullish reports from the investment banks posting 2030 revenue targets, just goes to show how much they want retail to buy. There will be index funds and retail who will buy when it hits market. A lot of index funds will have SpaceX to their list which means passive flows. I can see a pump early on, but risk of a sell off for the early investors + underwriters to cash out.

Junny Yang

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Monday 08 June 2026 18:11:33 GMT