The upcoming SpaceX IPO, which is scheduled to kick off on Friday, June 12, could result in Tesla Inc.
(NASDAQ:TSLA) investors exiting their positions in the EV giant, according to investor Gary Black of The Future Fund LLC.
Investors To 'Lighten' TSLA Positions?
In a post on X on Wednesday, Black outlined that several retail investors participating in the SpaceX IPO "will lighten up on their TSLA positions to fund their SPCX shares." Read Also: SpaceX IPO Valuation Is Worth More Than Boeing, RTX, GE Aerospace And Every Other S&P 500 Aerospace Firm Combined: Report He added that lead underwriters for the IPO, Goldman Sachs Group Inc.
(NYSE:GS) and Morgan Stanley (NYSE:MS), will "engineer a Day 1 pop for SPCX IPO investors," citing "huge potential paydays" from upcoming IPOs of artificial intelligence companies Anthropic and OpenAI.
