I’m not bearish on SpaceX long term, but I’m also not rushing to buy the dip yet. The stock had a strong IPO run, and a pullback after such a surge is not surprising. Even after the recent decline, I think there could still be more volatility as the market digests valuation and upcoming share unlock concerns.
What keeps me interested is the long-term story. SpaceX remains one of the most unique companies in the world, with leadership in launch services, Starlink, AI ambitions, and future space-based opportunities. Expected inclusion in major indexes could also bring meaningful demand over the coming months, which may help support the stock.
For now, my strategy is to stay patient and wait for a better entry point. I would prefer a deeper pullback or a period of consolidation before building a position. Missing the first bounce doesn’t bother me—I would rather buy at a more attractive risk-reward level for the long term.
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