‘Time will tell whether that was a good bet’: My adviser got me a full SpaceX IPO allocation. Was I lucky?
The allocation of SpaceX IPO shares to this investor, secured through a financial adviser, stands out in a market where most people only get a tiny fraction of what they request. While the full allocation seems like a stroke of luck, it's unclear whether this will translate to substantial gains as the true value of SpaceX's stock unfolds over time. The broader context here is the highly competitive nature of IPO allocations, which often leave many hopeful investors empty-handed. This situation raises questions about the role of connections and advice in navigating the unpredictable world of IPOs.
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