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Benzinga
Benzinga
Business
Chris Katje

SpaceX May Have Surpassed Tesla as Wall Street’s Worst Capital Misallocation Ever, Expert Says

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The largest IPO in history may also have been "the largest exit liquidity operation in history," hedge fund manager and former Peter Lynch assistant George Noble said in a recent newsletter. Here’s why Noble thinks the SpaceX (NASDAQ:SPCX) IPO was a historic misallocation of capital that was “built to separate retail investors from their money."

SpaceX Bear Stays Bearish

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