🌟🌟🌟The blockbuster IPO of
$SpaceX(SPCX)$ has completely mesmerised the global market, driving billions in capital into the stars.
Yet the euphoria is now beginning to cool. Trading at USD 181.61, SPCX is no longer going up like a rocket to the moon.
However the next 30 days will be a test for SpaceX. $Invesco QQQ(QQQ)$ & $iShares Russell 1000 ETF(IWB)$ will be required to buy SpaceX to add to their holdings. This will create a powerful buying demand for SpaceX.
In contrast as the first mandatory insider lockup deadlines approach, there is a threat of massive institutional profit taking, which may put downward pressure on SpaceX.
Given these events, there will be a tug of war between these 2 sides.
Ultimately the market will soon decide whether SPCX is a permanent structural powerhouse or a colossal monument to speculative euphoria.
@Tiger_comments @TigerStars @Tiger_SG
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