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Gary Black, managing director of The Future Fund LLC, issued an alarm to Tesla Inc. (NASDAQ:TSLA) investors on Friday.
Black cautioned shareholders to remain skeptical of “overly positive” analyst takes regarding Elon Musk’s aerospace venture.
“Be wary of sell-side analysts’ overly positive opinions about SpaceX, a TSLA/SpaceX merger, or the merits of any specific IPO,” Black wrote on X. He highlighted a fundamental conflict of interest, noting that sell-side analysts are paid on commissions rather than the accuracy of their investment ideas.
The Massive SpaceX IPO Payday
The warnings come as reports suggest SpaceX could file for its initial public (IPO) offering as early as this week. The space giant is reportedly targeting …
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