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Small investors scrambled to get in on the SpaceX IPO, even as some believe the valuation is 'stupid'
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- Marvin Jung isn't buying into Space X because he thinks it's a bargain.
- SpaceX has set a fixed price of $135 per share in the leadup to its IPO on Friday, placing its valuation at $1.77 trillion.
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Marvin Jung isn't buying into Space X because he thinks it's a bargain.
The 51-year-old regional director of operations in veterinary care believes Elon Musk's rocket company is coming public at a valuation that is "really, really aggressive." Yet, he still requested 1,000 shares through Robinhood, betting enthusiasm for one of the world's most anticipated initial public offerings will overwhelm concerns about price.
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