SpaceX is poised to become one of the largest IPOs in stock market history, with a projected valuation of approximately $1.75 trillion and expected to raise around $75 billion. Industry experts emphasize that while SpaceX is a groundbreaking company, the excitement surrounding its IPO may primarily benefit Wall Street bankers and insiders rather than individual investors.
Investor Louis Navellier advises against purchasing shares on the IPO day due to a lack of available data for risk assessment. He recommends waiting for the company to establish itself in the public market, as initial investments often yield inflated prices that do not accurately reflect long-term value. Instead, Navellier suggests focusing on companies that supply SpaceX, such as Howmet Aerospace and Carpenter Technology, which are already public and financially vetted, presenting potentially better opportunities for profit during this anticipated market boom.
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