Emily Herbert

And that sort of attitude sometimes is a warning signal of maybe a kind of bubble in the market or too much hope, too much optimism.

Yeah, so SpaceX hasn't listed on the market yet and it won't for another couple of weeks.

But something to know about SpaceX is that it's already quite widely held in investment portfolios and in funds as a private company.

So a lot of investors are now rushing into mutual funds and also into exchange traded funds to try and get some access to SpaceX before it goes public in anticipation of what they think will be a share price pop.

And on the ETF side, there's also been this wave of new products being launched in the last few weeks, which all promise that they will track SpaceX when it does IPO.

Some of them are a bit more wacky than others.

So we've even got some leveraged ETFs or inverse ETFs, which will give, say, double the return from just owning the SpaceX stock.

So it's really a sign there's a lot of activity.

There's a lot of excitement.

People are really keen to get a bit of the pie.

It's expected to be the biggest IPO of all time, but it also taps into a lot of the themes that people are really excited about in the market at the moment, which is AI, it's semiconductors, it's building capacity for that data center build out.

And this is an exciting, shiny new way to invest in that.

I think there's also a lot of anticipation because people know a lot about SpaceX.

They know a lot about Elon Musk.

One person who I spoke to said to me, the one thing about Elon is that his investors never lose money.

So I think there's a faith from a certain portion of the investor base that with Elon Musk at the helm, this stock is almost guaranteed to do well.

Well, what are some of the risks involved then?

Yeah.

Yeah, so a few other investors have definitely raised concerns with some of this behavior.

A lot of these ETS listing and this kind of frenzy in the market.