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For years, the only liquid way for retail investors to buy into Elon Musk’s vision was Tesla Inc (NASDAQ:TSLA).
That is about to change.
With Space Exploration Technologies Corp expected to debut as soon as next month, reportedly under the ticker SPCX at a $1.75 trillion valuation, the market is preparing for a second pure-play entry point into what Bloomberg has called the “Muskonomy.”
For context, Tesla’s current market cap sits at roughly $1.5 trillion. The new listing would arrive larger than the one it threatens to draw capital from.
The Retail Base Is About To Get Split
BNP Paribas analyst James Picariello, who has an underperform rating on the stock, said in a recent note that the IPO may weigh on Tesla. Retail …
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