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The article explains why most retail investors won't see significant gains from the SpaceX IPO, describing how the process favors insiders and institutional investors despite SpaceX setting aside 30% of shares for the public.
The article criticizes SpaceX's IPO as a financially dubious meme stock, warning that Elon Musk's grand vision and cult following could lead retail investors to become bagholders despite massive losses and an inflated valuation.