How would SpaceX IPO affect the dtock market in general?

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Newbie asks if a SpaceX IPO crash could drag down the entire market and trigger a bear market.

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Hi, newbie here

Everyone's hyped about the SpaceX IPO, and I’ve seen multiple claims that if SpaceX stock starts falling, it could drag the entire market down and possibly trigger the long-anticipated bear market.

Why do people think this? Is it expected that the bubble will begin to burst once SpaceX declines? Or wouldn’t it make more sense for money to flow into other markets instead?

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