Boomers, Beware of SpaceX Stock
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Greetings! Anita here.
It’s been a relatively slow week for SpaceX news, but that will soon change. Musk’s rocketship company is expected to launch its investor roadshow next week ahead of a mid-June IPO. The milestone will likely usher in a flood of giddy headlines and a lot of debate on Reddit forums and cable TV on whether individual investors should buy in. The answer: It’ll make sense for day traders and younger investors. But Boomers could get burned.
One reason is the high volume of shares available for individuals to buy in the offering, which Reuters reported could be as high as 30%, or triple the portion typically reserved in public debuts. Those shares available to investors on Robinhood and other stock apps could pave the path for some pretty wild share price volatility following SpaceX’s debut.
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