To share his perspective, I’ve invited Louis to today’s Smart Money to explain why he considers SpaceX a risky bet. He’ll go through the history behind popular IPOs, the data problem, and more. Then he shares what investors should do instead in today’s market.

The hype machine is running at full speed… what Jay Ritter's 45-year database actually shows… and the backdoor into AI's biggest winners before Wall Street reprices them…

In the old days, companies went public early to access cash to grow. These days, soon-to-be-public companies are already flush with cash from private finance.

Analysts urge investors to exercise caution amid a resurgence in US listings