Strap in, the rocket is about to launch and explode!

Disclaimer: Nothing I say or post should be considered financial advice. Please do your own due diligence before making any investment decisions.

Today is the day. The IPO with the highest valuation in history, SpaceX. How many rockets you would need to produce and sell to justify a 2 Trillion valuation? You tell me. I am just going to prepare my popcorn and watch it literally exploding later on the sidelines.

@pawsandprofits - Specialist in combining FA and TA for options selling and swing trading.[举爪]

Modified in.06-13

SpaceX Receives CFRA's Sell Rating: Has the Frenzy Peaked?

SpaceX shares still gained 4.83% today, holding above $200, but Wall Street's sell rating has landed, with CFRA analysts warning current valuations have decoupled from fundamentals. Even Reddit retail traders joke that 'nobody is buying SPCX on fundamentals.' After surging dramatically since listing, shares gave back gains sharply intraday as bulls citing a '$2 trillion narrative that has left Earth' clashed with the first short call. With the first sell rating now on record, how much longer can retail euphoria hold — will you keep chasing, or start taking profits?

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.

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