Forbes Daily: You May Want To Think Twice Before Flipping SpaceX

Today’s Forbes Daily newsletter covers the highest inflation in three years, big banks subpoenaed, GM’s battery plans, the most successful immigrants in U.S. history and more.

Retail investors are lining up to invest in SpaceX’s massive IPO. But be cautious about flipping your shares.

Demand for the offering is reportedly nearly four times the number of available shares, which could give the company a big boost on its first day of trading. That may tempt investors to cash out, but those who do could face a brokerage penalty, including restricted access to future offerings and even a potential fine.

By Danielle Chemtob

Full story at Forbes