Comment by davey48016
1 day ago
It depends at least partially on how much they're going to float. I think SpaceX is only planning about a 4% float, so even at $1.5T they only need around $60B. Which is a drop in the bucket.
EDIT - but that's just the IPO, I wasn't even thinking about how much insiders will want to sell after the lockup ends...
Is 100+ FPE the new normal?
The valuation just needs to be high enough to get into an index, then the 401K plans start buying the shares automatically.
Must be retail investors believing: big number == good.