Day 1: I believe that SpaceX will open at +30% or more. I expect an immediate volatile spike up to USD 175 and more. It's FOMO time!
1 Year from now: While Day 1 momentum belongs to the buyers, economic reality will dominate the next 12 months. It is highly likely to trade below the USD 135 IPO price. Once euphoria has faded, the market will be forced to confront SpaceX's USD 4.94 billion net loss & its huge capex.
When the lockup period expires, early venture capitalists will likely dump millions of shares to lockin profits, triggering a huge supply shock in SPCX.
That is the best time to buy SpaceX as it will fly like a rocket to Mars in the long term.
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- DreamBig572·17:13Day 1 pop maybe, but 1.8T with 4.94B loss is a sweaty setup lol who’s buying after lockup?LikeReport