via BeInCrypto · By BeInCrypto Editorial
SpaceX IPO Could Open at $1,000 Despite ‘Frothy’ Valuation, NYSE Veteran Predicts
SPCXB/USDT
$46,847,555.23
$194.80 / $172.43
Change: $22.37 (12.97%)
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 IPO Hype Meets a 100x Multiple
In an interview on the School…
COINOTAG does not provide financial advisory services. This content is for informational purposes only and should not be considered investment advice. Cryptocurrency investments involve high risk.
Add COINOTAG as a Preferred Source
Add COINOTAG to your preferred sources in Google News and Search to see our coverage first.
Add on Google