POPA ReconThere is an opinion that the SpaceX IPO is sucking liquidity out of the markets.
There is an opinion that the SpaceX IPO is sucking liquidity out of the markets. SpaceX is raising $75B. According to the latest data, the IPO is oversubscribed 4 times, meaning investors have submitted orders for ~$300B, and these funds are currently locked up. The subscription continues until the end of today, and money keeps coming in. On June 11–12 (starting tomorrow), all these funds will be unlocked and can return to the market. If this theory is correct, then today is the market bottom. We’ll see… —— RU | BigLiquid | Pro Channel
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