SpaceX IPO may trigger Wall Street to shift funds to subscribe, with billions of dollars in tech stocks potentially being sold off.

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Odaily Planet Daily News: SpaceX is about to launch a large-scale initial public offering (IPO), prompting intense activity from major Wall Street funds. Reports say that about a week ago, a private jet bearing the SpaceX logo carried nearly 200 investors from large Wall Street funds to Texas for a multi-day roadshow presentation hosted by SpaceX executives. Due to overwhelming subscription demand, there was even a situation where the plane could not accommodate all interested investors. As this company, which includes Musk’s rocket and AI businesses, approaches its listing, Wall Street may be discussing which tech stocks to sell to free up funds to subscribe to SpaceX shares, likely triggering a multi-billion-dollar tech stock sell-off. (The Information)

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