The biggest IPO in history arrives this Friday, and with it comes a paradox that investors would be wise to understand before the opening bell rings.
SpaceX will debut under the ticker SPCX at $135 per share, with options trading set to begin on Monday. The first few minutes are expected to be chaotic as market makers establish price discovery.
Volatility could be extreme, but excitement will certainly be even higher.
Yet, spectacle aside, investors must understand the truth – SpaceX is not quite the company they're being asked to believe it is.
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