That's basically what every major IPO does - it would be unusual
if SpaceX doesn't pop 75% or more from the listing price on the day
of the IPO...that's often the top for many months after - sometimes
it has been the forever top. A 100% pop from the listing price on
IPO day would make it a 3.5 Trillion market cap if they go out at a
1.75 trillion valuation (the current plan). Keep in mind that
it doesn't take trillions to create trillions in market cap.
The poor grandma that pushes the shares up from 199 to 200
with her 1 share order that hit the ask just moved the value of
every single share in the float up a dollar...but only $200
actually traded hands. Market caps are very much a house of
cards...
I'm up 20.5% so far but that's because I entered with 5x
leverage. Of course, the best add opportunity since I dipped a toe
in was 4am local. Seems like it's always the case with these
24/7 markets that a lot of the opportunities happen in the
overnight hours for US based traders. I need to have a bot
watching overnight from now on when I'm waiting for an opportunity
to add.
Update: bought the dip just now...tight stop on the latest
chunk.
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That's basically what every major
SPCX - Dipped a toe in
Posted by fibbro on 30th of May 2026 at 03:09 pm
That's basically what every major IPO does - it would be unusual if SpaceX doesn't pop 75% or more from the listing price on the day of the IPO...that's often the top for many months after - sometimes it has been the forever top. A 100% pop from the listing price on IPO day would make it a 3.5 Trillion market cap if they go out at a 1.75 trillion valuation (the current plan). Keep in mind that it doesn't take trillions to create trillions in market cap. The poor grandma that pushes the shares up from 199 to 200 with her 1 share order that hit the ask just moved the value of every single share in the float up a dollar...but only $200 actually traded hands. Market caps are very much a house of cards...
SpaceX is running
Posted by fibbro on 30th of May 2026 at 04:09 pm
I'm up 20.5% so far but that's because I entered with 5x leverage. Of course, the best add opportunity since I dipped a toe in was 4am local. Seems like it's always the case with these 24/7 markets that a lot of the opportunities happen in the overnight hours for US based traders. I need to have a bot watching overnight from now on when I'm waiting for an opportunity to add.
Update: bought the dip just now...tight stop on the latest chunk.