SpaceX IPO Could Open at $1,000 Despite ‘Frothy’ Valuation, NYSE Veteran Predicts

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BeInCrypto Editorial

(11:47 AM UTC)

1 min read

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…

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