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00:02SpaceX is expected to debut publicly as soon as next month at a $1.75 trillion valuation,
00:09surpassing Tesla's current market cap of roughly $1.5 trillion.
00:14Analysts and fund managers say the listing could pull retail capital away from Tesla,
00:19which retail investors own roughly 40% of.
00:23Joe Gilbert of Integrity Asset Management told Bloomberg the listing
00:26cannot be a positive for Tesla.
00:29SpaceX's February acquisition of XAI, Grok & X,
00:33also positions it as a direct competitor for the AI and robotics premium,
00:38reflected in Tesla's roughly 195 times forward earnings multiple.
00:42SpaceX may allocate up to 30% of its offering to retail investors,
00:47triple the typical share, with Musk retaining around 79% of voting power.
00:53Vanda research data shows Tesla drew net retail inflows of only about $1 million
00:58since SpaceX confirmed its IPO plans in December.
01:01For all things money, visit Benzinga.com.
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