Options777
06-18
I'm bullish on $Space Exploration Technologies Corp(SPCX)$ because Elon Musk runs it. that's all, man has created incredible ventures through his life, this is no different.
SpaceX Crashes 16%! Another 50% Downside, Exit or Add?
SpaceX plunged 16.43% today, breaching $155 and shattering the post-IPO euphoria in a single session. Bears are piling on, calling the valuation "astronomical" and flagging 50% further downside even under optimistic assumptions. Space proxy Rocket Lab (RKLB) fell 6.48% in sympathy — the retail frenzy lasted less than two weeks. With the "best IPO ever" now giving back gains, will you buy this dip or cut your losses?
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Comments

  • CashCity
    06-18
    CashCity
    elon musk is a man with plenty of words but no substance
    • CashCityReplyOptions777: 
      if you actually read tesla's cash flow and income statements last year you would see there is negative free cash flow. his companies are all overvalued and thats how he is a trillionaire. he doesnt have cash, only assets that are valued high
    • Options777: 
      I dont think he's just air. his companies do produce a lot of results at a scale that most people. maybe he didn't really do everything personally or come up with the ideas, but being at the top at leading all these bright minds is no easy task
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