SpaceSeeking Alphaabout 17 hours ago
SpaceX Debut Likely Marks An Intermediate Top
1 min read
A SpaceX IPO could surge past $135 and reach a $2 trillion market cap, but the debut likely marks an intermediate market top. The Producer Price Index surged 1.1% in May, with energy costs accelerating. A pullback to 7,000 on the S&P 500 is expected before a durable bull market resumes.
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