Why Growth Investors Should Avoid the SpaceX IPO

SpaceX plans to issue 555.6 million shares at $135 per share, giving it a $1.75 trillion market cap at IPO. That valuation would make it the eighth-largest public company before trading begins. Growth investors typically seek small companies with large upside, but SpaceX's size limits potential returns. For comparison, Tesla's IPO market cap was $2.2 billion.