SpaceX's 'puny free float' is sparking concerns about greater stock volatility
Samuel Boivin/NurPhoto via Getty Images SpaceX is set to be the largest IPO ever raising $75 billion for a $1.75 trillion valuation. The company, which is expected to go public on Friday, is set to have a very low free float. The low float could contribute to SPCX price volatility. SpaceX will make its trading debut on Friday following what's expected to be the biggest IPO ever by a long shot. The company is aiming to raise $75 billion by selling stock at $135 a share, taking its valuation to around $1.75 trillion. But for an IPO with such eye-popping numbers being tossed around, SpaceX is issuing a relatively tiny amount of stock to the public this week. That small "float"—which describes the portion of shares available to trade, with the rest being held by early investors and insiders—has prompted concerns about intense volatility in early trades. SpaceX float 'in a different universe' Most companies that trade on major indexes have about 80% of their stock ava...
