Bitchin Dave's Newsletter - June 9th
This planned IPO for SpaceX is so bizarre. Wealthy investors and the investment banking firms are losing their minds about it. It's so valuable! Elon is letting us in on his world! ... IMHO, It is a silly amount of hype! For the average investor, there's nothing to see here. We can't feed at this trough (though he sure likes to tell us we can). As we look at it, "going public" via an IPO doesn't feel quite right. It would seem that any rules the SEC has, and applicable laws in place, are being bent or outright abused. ...