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The ***** eX IPO is coming, and the new aerospace stock could begin trading as early as June 12. For many investors, it's a highly anticipated opportunity to invest in one of the most exciting companies in the world, led by Elon Musk. But it isn't going to come cheap, with its valuation likely going to be at least $1.5 trillion.
That puts it in line with another one of Musk's companies: Tesla (NASDAQ: TSLA), which has a comparable market cap. Both companies are chasing some lofty long-term goals, and both are fairly expensive. On June 12, which stock will be the better buy: ***** eX or Tesla?
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SpaceX stock, when it becomes available later this month, is going to be one of the hottest new stocks to buy in years, and demand could be amazing right out of the gate. Many investors may be anticipating a surge in value when it begins trading; thus, many people have been looking for ways to gain exposure to ***** eX even before its IPO, to take advantage of that early rally.
It's not a guarantee that will happen, and IPOs can be incredibly volatile in their early days, but it's likely one of the reasons investors are eager to gain exposure as quickly as they can.
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