economy
Avoid the SpaceX IPO? 'The juice has been squeezed from this orange'
SpaceX is unlikely to generate robust returns for individuals who buy the stock at its IPO expected later this year, investors told CNBC's "Halftime Report."
TL;DR
- Investors are cautioned against buying SpaceX stock at its IPO.
- Much of SpaceX's value may already be priced in, limiting potential returns.
- SpaceX is aiming for a public debut around June with a potential valuation of $1.75 trillion.
- The company is looking to raise as much as $75 billion in its IPO.
- Experts question the value proposition of investing in a company of SpaceX's potential size on its current revenue.