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SpaceX just had the biggest IPO in history; now the real grind begins.
Six days after pricing the largest IPO ever, SpaceX (NASDAQ: SPCX) announced a $60 billion acquisition. Right after that, bankers started prepping a bond issuance worth $20 billion. Subsequently, the stock dropped 9% in a single session.
That's a lot of info to digest in a week. Many are saying "the IPO hype is cooling off". But that take misses the mark. SpaceX isn't getting sold off because its story has flopped. It's adjusting its price because the market is finally trying to figure out how much capital, dilution, and execution will be needed for the story to keep rolling. That's a tougher question than "Is SpaceX a solid company?", and it still doesn’t have an easy answer.
#spceusdt
#SpaceCryptoCurrency
Six days after pricing the largest IPO ever, SpaceX (NASDAQ: SPCX) announced a $60 billion acquisition. Right after that, bankers started prepping a bond issuance worth $20 billion. Subsequently, the stock dropped 9% in a single session.
That's a lot of info to digest in a week. Many are saying "the IPO hype is cooling off". But that take misses the mark. SpaceX isn't getting sold off because its story has flopped. It's adjusting its price because the market is finally trying to figure out how much capital, dilution, and execution will be needed for the story to keep rolling. That's a tougher question than "Is SpaceX a solid company?", and it still doesn’t have an easy answer.
#spceusdt
#SpaceCryptoCurrency
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