SpaceX IPO is approaching, triggering funds to move to Wall Street or selling billions of dollars in technology stocks to adjust positions for subscriptions

According to TheInformation, SpaceX is about to launch a large-scale initial public offering (IPO), triggering a large fund buildup on Wall Street. Reported that about a week ago, a special plane with the SpaceX logo carried nearly 200 investors from large Wall Street funds to Texas to participate in a multi-day roadshow presentation held by SpaceX executives. Due to the strong demand for subscriptions, even the aircraft cannot accommodate all prospective investors. As the company, which consists of Musk's rocket and AI businesses, approaches its IPO, Wall Street may be discussing which technology stocks to sell to free up funds to subscribe for SpaceX shares, which is expected to trigger a multi-billion dollar sell-off in technology stocks.