SpaceX IPO Could Open at $1,000 Despite ‘Frothy’ Valuation, NYSE Veteran Predicts
Veteran New York Stock Exchange floor trader Peter Tuchman predicts the SpaceX IPO could open near $1,000, more than seven times its $135 offer price, when the rocket maker debuts this week. Tuchman still calls the valuation frothy at roughly 100 times earnings. He urges investors to watch the opening trade before committing money. SpaceX...
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