SpaceX IPO Impact on the U.S Stock Market

The post SpaceX IPO Impact on the U.S Stock Market appeared first on Coinpedia Fintech News

A market commentator warned that the upcoming SpaceX IPO could trigger selling across stocks and cryptocurrencies as investors raise cash to buy shares. The argument centers on the IPO’s reported $1.75–$2 trillion valuation and demand exceeding available shares by more than four times. Supporters of this view say oversubscribed investors may sell existing holdings to …