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Opinion: SpaceX IPO is a watershed moment where Wall Street opens the door to retail investors
BlockBeats News, on June 5, cryptocurrency entrepreneur and ProCap CEO Anthony Pompliano said that SpaceX’s IPO will be a watershed moment for Wall Street to open its doors to self-directed retail investors.
For years, banks have tried to figure out how to attract this group of capital, while SpaceX provides them with the perfect asset to lure individual investors into its ecosystem.
Anthony said, if the SpaceX IPO goes smoothly and retail investors profit, then banks will enjoy a feast in the coming years. Retail investors will pour large amounts of funds into funds, IPOs, and various financial instruments. If the IPO does not go well and retail investors suffer losses, the relationship between institutions and retail investors will be strained.