SpaceX lists on Nasdaq on 12 June at $135 (£107) a share, a price that values Elon Musk's rocket and satellite company at $1.75 trillion (£1.38 trillion). It will be the largest IPO in stock market history. And one of the few people on Wall Street old enough to have traded through every major crash since 1987 is telling retail investors to keep their wallets shut on day one.
'I would bet it opens at a thousand,' NYSE floor broker Peter Tuchman said on the School of Hard Knocks podcast. 'Just because there's such a limited supply. So many people want it. It is the flavour of the freaking moment.'
