Why people are talking about SpaceX IPO
Reuters reports that SpaceX could price its Nasdaq IPO as early as June 11, with trading possibly starting June 12.
$preSPAX is around $899 now, up 38.30% from its $650 pre-IPO level. That move already says a lot, but the real thing to watch is what happens next. Does demand keep building, or does price cool off after the first reaction?
For $SPCX futures, I’d keep an eye on volume, key support zones, and whether price can hold after the news-driven move. If SpaceX ends up closing above a $2T valuation, what price range do you think makes sense for $preSPAX?