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00:02SpaceX is set to launch its initial public offering this week, according to CBS News.
00:08Shares are expected to price at $135 on Thursday and begin trading on Friday on the NASDAQ under
00:14the ticker symbol SPCX. The company expects to raise $75 billion, nearly three times the
00:21amount raised in Saudi Aramco's 2019 IPO, and would be valued at $1.77 trillion.
00:28Retail investors can access shares through Charles Schwab, E-Trade, Fidelity, Robinhood,
00:33and SoFi, with up to 30% of shares allocated to individual investors, three times the typical
00:39amount. Experts caution that while first-day IPO returns average 19%, the average three-year
00:45return for investors who buy at the first-day closing price is minus 21%. Morningstar has
00:51called SpaceX significantly overvalued. For all things money, visit Benzinga.com.
00:57according to the
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