Investors are preparing for SpaceX's historic market debut this Friday amid warnings from experts regarding high valuations and Elon Musk's total control, especially as the company is not yet profitable. Prominent investors like Steve Eisman and Brad Gerstner expressed caution over potential risks for retail traders. Meanwhile, stocks tied to SpaceX have seen surging options volumes, while reports revealed Musk’s selective tactics in choosing investors leading up to the IPO.
In a historic milestone for global capital markets, SpaceX has successfully raised $75 billion in its initial public offering, shattering the previous record of $29.4 billion held by Saudi Aramco.
Read the full storySteve Eisman and Brad Gerstner warn retail traders of potential volatility and tricky conditions surrounding the highly anticipated SpaceX public offering.
Financial experts flag concerns over high valuations and lack of profitability as Elon Musk maintains absolute control over SpaceX.