NYSE Veteran Peter Tuchman Sees SpaceX IPO Opening Near $1,000 vs $135 Offer Price

Veteran New York Stock Exchange floor trader Peter Tuchman said SpaceX’s IPO could open near $1,000—more than seven times its $135 offer price—when it debuts this week. In an interview on the School of Hard Knocks podcast, according to BeInCrypto, he called the valuation “frothy” at roughly 100 times earnings and urged investors to watch the opening trade before committing money. SpaceX priced the deal at $135 per share, targeting a $75 billion raise at a $1.77 trillion valuation, with reported demand around $150 billion. Tuchman said scarcity could drive the first print, but warned the stock “could go to 2,000 and it could go to 50.”