To answer the immediate question, I will not buy
$Space Exploration Technologies Corp(SPCX)$ at the IPO opening for various reasons, but the two prominent reasons are 1. There is too much private funding who are looking to trim and employees looking to cash out their options, 2. Recent mega IPO
$Quantinuum(QNT)$ popped on listing day but revert to IPO price by end of the day, similar to other notable listings recent such as
$Cerebras Systems(CBRS)$ and
$X-Energy(XE)$ . Those who rushed in at the top of day one probably wouldn't recover for a few months at the very least.
Instead, it seems that people are exiting their positions in Crypto and AI ( $Micron Technology(MU)$ , NBIS, NVDA,etc.) to rotate into Space themed companies.
I am taking the chance to add to companies like Micron and Alphabet during this dip, before the SpaceX profiteers start rushing back in.
I believe Elon is a visionary and true technopreneur, but it's a brutal world when politics and money come together.
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