Kinnikt
06-08

I’m not siding with the panic shorts here. I’d avoid SPCE, be cautious on RDW, and only look at RKLB/ASTS in tranches. SpaceX’s IPO may suck oxygen out of the room short term, but it also validates the space economy long term. RKLB looks like the higher-quality “picks and shovels” space play, while ASTS is the high-risk/high-reward satellite broadband bet. I’d rather scale into RKLB on weakness than chase ASTS or short the sector after a big flush.

#RKLB #ASTS #SpaceX #SpaceStocks #IPO #GrowthStocks

SpaceX Retreats 30% From Peak! Wall Street's $227 Target?
SpaceX fell another 7.8% today, extending a roughly 30% pullback from its $225 high since debuting on Nasdaq at $135 on June 12. Despite persistent losses, ongoing AI unit cash burn, and phased lockup expirations beginning late August, most institutions remain bullish — FactSet's consensus from 10 analysts pegs the average target at $227, Oppenheimer rates it Outperform, and its Nasdaq-100 inclusion on July 7 is expected to attract passive inflows. Morningstar's DCF model, however, values the stock at just $63. After a near-50% drawdown, do you buy the dip or wait for lockup expiry?
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