SpaceX IPO retail offering is worrying: Analyst

Rupert Mitchell, author of the Blind Squirrel Macro, says that SpaceX's decision to set aside a 30% retail tranche for the IPO is worrying, as it is a lot of stock to put into retail hands. He also explains how the IPO's high valuation could have significant implications for the broader NASDAQ and S&P indices as room is created for these new shares.