- SPACEX IPO WARNING: 'ELON MUSK EFFECT' COULD DRIVE WILD SWINGS, PROFITS SQUANDERED ON MARS
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- SPACEX IPO WARNING: 'ELON MUSK EFFECT' COULD DRIVE WILD SWINGS, PROFITS SQUANDERED ON MARS
University of Florida's Jay Ritter warns SpaceX may see extreme volatility post-IPO due to Musk's influence. Even if Starlink generates tens of billions in profit, those gains could be spent on Mars missions rather than returned to shareholders. Ritter flags "substantial downside potential" at a $1.5T+ valuation.