Definitely not buying on day 1

Definitely not buying on day 1. There is too much hype and euphoria for safe investment. Even swing trading is risky as many might have already taken profit.

Once the emotions die down, I think many will realise that SpaceX hasn’t delivered anything that it has promised. There isn’t even a prototype yet the cash burn is at crazy amounts. How long and how much can SpaceX burn? Reality check will eventually come in the next 1-2 years. I think it will go back to more accurately reflect what the company is worth or more like what spacelink is worth. It will be less than $80 and possibly be only around $60-70, depending also if there is panic selling or selling by disillusioned retail investors who decide that the opportunity cost of putting their money with SpaceX can be better offset by buying other stocks.

I will definitely pick it up when it drops to less than $50. For now, the risk is far greater than the benefit and I think holding cash is safer than buying SpaceX.

SpaceX Surges 6.1% Through $116B Lockup Expiry — Is the Overhang Truly Gone?

SpaceX +6.14% Thursday, straight through the largest lockup expiry on record — 911.5 million insider shares, roughly $116 billion, turning sellable. It dipped at the open, then reversed. Attention swung back to the first earnings report: core profit beat, segment losses narrowed sharply, only AI capex ran slightly hot. Cathie Wood bought the dip, JPMorgan revised its target, Musk called Starlink undervalued. Peer SSPC still fell 12.16%. Biggest overhang cleared, sector not following — inflection, or just the end of the selling?

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It dipped at the open, then reversed. Attention swung back to the first earnings report: core profit beat, segment losses narrowed sharply, only AI capex ran slightly hot. Cathie Wood bought the dip, JPMorgan revised its target, Musk called Starlink undervalued. Peer SSPC still fell 12.16%. Biggest overhang cleared, sector not following — inflection, or just the end of the selling?","image":"https://community-static.tradeup.com/news/b3e2f4792e06a23b881ae0c37c9b65a4"}],"images":[],"coverImages":[],"title":"","html":"<html><head></head><body>Definitely not buying on day 1. There is too much hype and euphoria for safe investment. Even swing trading is risky as many might have already taken profit. \n \n \n \nOnce the emotions die down, I think many will realise that SpaceX hasn’t delivered anything that it has promised. There isn’t even a prototype yet the cash burn is at crazy amounts. How long and how much can SpaceX burn? Reality check will eventually come in the next 1-2 years. I think it will go back to more accurately reflect what the company is worth or more like what spacelink is worth. It will be less than $80 and possibly be only around $60-70, depending also if there is panic selling or selling by disillusioned retail investors who decide that the opportunity cost of putting their money with SpaceX can be better offset by buying other stocks. \n \n \n \nI will definitely pick it up when it drops to less than $50. For now, the risk is far greater than the benefit and I think holding cash is safer than buying SpaceX.</body></html>","htmlText":"<html><head></head><body>Definitely not buying on day 1. There is too much hype and euphoria for safe investment. Even swing trading is risky as many might have already taken profit. \n \n \n \nOnce the emotions die down, I think many will realise that SpaceX hasn’t delivered anything that it has promised. There isn’t even a prototype yet the cash burn is at crazy amounts. How long and how much can SpaceX burn? Reality check will eventually come in the next 1-2 years. I think it will go back to more accurately reflect what the company is worth or more like what spacelink is worth. It will be less than $80 and possibly be only around $60-70, depending also if there is panic selling or selling by disillusioned retail investors who decide that the opportunity cost of putting their money with SpaceX can be better offset by buying other stocks. \n \n \n \nI will definitely pick it up when it drops to less than $50. For now, the risk is far greater than the benefit and I think holding cash is safer than buying SpaceX.</body></html>","text":"Definitely not buying on day 1. There is too much hype and euphoria for safe investment. Even swing trading is risky as many might have already taken profit. Once the emotions die down, I think many will realise that SpaceX hasn’t delivered anything that it has promised. There isn’t even a prototype yet the cash burn is at crazy amounts. How long and how much can SpaceX burn? Reality check will eventually come in the next 1-2 years. I think it will go back to more accurately reflect what the company is worth or more like what spacelink is worth. It will be less than $80 and possibly be only around $60-70, depending also if there is panic selling or selling by disillusioned retail investors who decide that the opportunity cost of putting their money with SpaceX can be better offset by buying other stocks. I will definitely pick it up when it drops to less than $50. For now, the risk is far greater than the benefit and I think holding cash is safer than buying SpaceX.","highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":0,"repostSize":0,"favoriteSize":0,"link":"https://ttm.financial/post/575104362447760","repostId":0,"isVote":1,"tweetType":1,"viewCount":1011,"commentLimit":10,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"symbols":[],"verified":2,"subType":0,"readableState":1,"langContent":"EN","currentLanguage":"EN","warmUpFlag":false,"orderFlag":false,"shareable":true,"causeOfNotShareable":"","featuresForAnalytics":[],"commentAndTweetFlag":false,"andRepostAutoSelectedFlag":false,"upFlag":false,"length":803,"optionInvolvedFlag":false,"subscribersOnly":false,"subscribersOnlyAccessible":false,"xxTargetLangEnum":"ORIG"},"commentList":[],"isCommentEnd":true,"isTiger":false,"isWeiXinMini":false,"url":"/m/post/575104362447760"}