Leave it to Elon Musk to defy the laws of market gravity just as 911.5 million SpaceX shares unlocked.
Why has the rocket suddenly ignited?
It turns out that Elon Musk pulled a rabbit out of his hat to save the lockup expiration day. He announced a massive exclusive partnership with $NVIDIA(NVDA)$
Investors decided that the post earnings AI panic was overdone & started to buy the dip. Sister Wood led the way. Her timing was perfect. The USD 105 low was the bottom.
The other way is to smash the bottom later. This 7% bounce is just a short term sentiment dead cat bounce fueled by NVIDIA news.
The reality is a 7% green day does not delete the new 911 million shares from existence. New tranches will roll out every 2 to 3 weeks until December 8 2026.
So I will wait to smash the button later to buy SpaceX at a big discount.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
