Post #3450349

Final frontier $2,100,000,000,000 SpaceX's IPO raised $75 billion at an offer price of $135 per share, valuing the company at over $2.1 trillion Now trading at $188.36 - still a large increase on the IPO price of $150. Profit taking on what is (in fact) a loss making company is not as large as you might expect. This has little to do with a belief in the sunlit uplands but more to do with an expectation that another "bubble" will happen when the stock qualifies as first class pension grade. In fact many American savers may find that #SPACEX is already buried in their (401k) pension plan [A 401k pension is an incentive for U.S. employees to save in approved shares with the employer matching investments in the pot] This level of bet on a risky business run by a nutcase may yet cause a huge shock down the line