Everyone's Talking About the SpaceX IPO. Why I Think You Should Avoid It, and What to Buy Instead.

Everyone's talking about SpaceX's initial public offering (IPO), which makes a lot of sense given that it's led by Elon Musk and features exciting new technology.But good investing is more than flashy CEOs and new frontiers. Here's why I think investors should avoid the SpaceX IPO, and what you might want to buy instead.According to Bloomberg's original IPO report, SpaceX is eyeing a $1.75 trillion valuation when it goes public, and the IPO aims to raise $75 billion. That's quite a valuation, and it would make the company the eighth most valuable company in the world, right behind Broadcom (NASDAQ: AVGO), and ahead of Musk's other company, Tesla (NASDAQ: TSLA). The filing with the Securities and Exchange Commission was made confidentially, so investors don't have access to the financials, but SpaceX would have to make a lot of money for the valuation to make sense.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool