SpaceX IPO May Trigger Wall Street Fund Reallocation to Subscribe, Potentially Sparking Billions in Tech Stock Sell-offs

Odaily Odaily reports that SpaceX is about to launch a massive Initial Public Offering (IPO), prompting intensive preparations by major Wall Street funds. According to reports, about a week ago, a private jet bearing the SpaceX logo flew nearly 200 investors from large Wall Street funds to Texas to attend a multi-day roadshow presentation hosted by SpaceX executives. Due to overwhelming subscription demand, the aircraft could not accommodate all interested investors. With the listing of this company, which combines Musk's rocket and AI businesses, approaching, Wall Street is likely discussing which tech stocks to sell to free up capital for subscribing to SpaceX shares. This is expected to trigger billions of dollars in tech stock sell-offs. (The Information)