Key Points
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Elon Musk’s SpaceX has filed confidentially to go public, targeting an IPO valuation between $1.75 trillion and $2 trillion.
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CNBC’s Jim Cramer raised concerns about the IPO’s structure, suggesting that limited initial shares could lead to inflated valuations, potentially surpassing $6 trillion shortly after the debut.
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Concerns include a wave of major tech IPOs impacting market dynamics and the risk of significant share availability post-lockup periods.
5 Stocks Our Experts Predict Could Double In the Next Year
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