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SpaceX Goes Public at $135 a Share. Is It a Buy at That Price?

SpaceX Goes Public at $135 a Share. Is It a Buy at That Price?

SpaceX (SPCX +0.00%) stock is set to launch on Friday at $135 per share in what’s almost certainly going to be the biggest initial public offering ever. The stock is being heavily marketed through the company’s roadshow and its IPO partners, including the underwriting investment banks and several online trading platforms.

If everything goes as planned, many SpaceX employees might become millionaires overnight, and Elon Musk could become the world’s first trillionaire. But what about retail investors? At $135 a pop, is this a stock to consider?

Drawing IPO and a rocket on a chalkboard.

Image source: Getty Images.

Why is SpaceX’s IPO price so high?

SpaceX is aiming for a valuation near $2 trillion, and to meet that threshold, it wants to raise $75 billion. That’s in addition to…

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