$100B in retail orders. 5% float. What could go wrong?

Retail investors have placed over $100 billion in orders for SpaceX shares.

The institutional book is 3.5 to 4 times oversubscribed.

BlackRock is in for $5 billion. Sovereign wealth funds from Saudi, Kuwait, and Qatar are each dropping $1 to $5 billion.

And all of that demand is pointed at a float that represents just 5% of the company.

95% stays locked. Musk keeps 82% voting control. The public is buying a sliver with almost no say in how the company runs.

Oh, and the combined entity posted a $4.9 billion net loss last year, trading at over 90x sales.

So today, when SpaceX opens on the Nasdaq, one of two things happens:

The supply squeeze sends it to the moon on day one.

Or the reality of the financials and the lock-up math catches up fast.

Either way, it's going to be a show.

And I'm going live with the TheoTrade crew starting at 9:15 AM ET to call it in real time.

Me, Brandon, Blake, Tony. The whole team. Live throughout the session. Breaking down the open, the first trades, and whatever chaos unfolds.

This is a one-time free event. Open to everyone. No catch.

Watch It Live Today 9:15 AM ET

History's biggest IPO only happens once.

Be there when it does.

To your success,

Don Kaufman