SpaceX IPO to Mint Millionaire Welders as Experts Warn of Post-Listing Slumps

SPCXB

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$148.55

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BeInCrypto Editorial

(08:58 PM UTC)

1 min read

A welder who immigrated from Mexico holds stock worth roughly $880,000 ahead of next week’s SpaceX IPO. Juan Hernandez built the stake from a $10,000 equity grant he received in 2015.

SpaceX will sell 555.6 million shares at $135 each on Nasdaq under the ticker SPCX. The offer targets a $75 billion raise and values the rocket maker near $1.77 trillion, the largest IPO on record.

SpaceX IPO Turns…

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