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SpaceX has gone public — but don’t buy it expecting you’ll see gains like early buyers of Amazon or Apple stock.

Today’s IPOs are often a payout moment for insiders, not the start of major value creation for public investors, according to a scholar who analyzed over 1,000 listings.

theconversation.com/spacex-rai…

SpaceX raised $75B in record IPO – here’s why insiders like Elon Musk are much likelier than public stock buyers to get rocket-powered returns these days

In the old days, companies went public early to access cash to grow. These days, soon-to-be-public companies are already flush with cash from private finance.
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Omnivore
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Omnivore
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#alttext

A Falcon Heavy, a super heavy-lift launch vehicle, launches with a SPACEX building in the foreground. The caption reads, "SpaceX made insiders rich. Public investors never got the chance."
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AP Photo/John Raoux

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disorderlyf
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disorderlyf
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This is why we effectively prayed for the rocket he was testing in time for the IPO to explode and for it to finally break the fugue state he had Wall Street in. The writing was on the walls for months.
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