.@SpaceX IPO is just 5 days away, and according to Reuters, the float will be only ~4.3% (the shares being sold in the IPO). Insiders and pre-IPO investors will be locked up during the lock-up period. In other words, $SPCX is about to become a classic high-FDV, low-float asset 😅. Under those conditions, the price could easily see a strong squeeze higher. The latest reports suggest the IPO book is already ~2x oversubscribed, with around $150B in demand at the $135 offering price. Meanwhile, Hyperliquid is pricing it at ~$170 (+25%). Easy money for eligible investors.
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