Jim Cramer warns short-term speculators pose biggest risk to SpaceX IPO
By
Alexa LoMonaco
Summary
CNBC's Jim Cramer warns that the biggest risk facing SpaceX's upcoming IPO is not a lack of investor demand, but rather an influx of short-term speculators looking for quick profits rather than long-term investment. While the IPO is reportedly four times oversubscribed, Cramer expresses concern that these speculators may sell their shares shortly after trading begins, potentially creating volatility.
Source
bskyJim Cramer warns short-term speculators pose biggest risk to SpaceX IPOcnbc.comKey quotes
· 2 pulledThe speculators aren't there for the long haul. They may not even be there for the afternoon.
This cohort worries me.
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