$SpaceX(SPCX)$ even at its IPO price at $135 is super expensive. The price run to $200+ is simply hype generated by Elon fan club together with the rest of the greedy bankers who want a cut of those big profits from this historical “cooked” job! True, SpaceX is one of its kind with also a one of a kind person at the helm. That does not mean we can throw whatever valuation or premium they want. Guess what? Most importantly, its free float is only less than 6% or less than 5% of total share count! If this company is not about share price manipulation, I am not sure what it is… just look at any listed company, if I tell you its free float is only 5% or less, most people if they are not gambling would stay clear. Just because it is SpaceX or Elon Musk!? He is one guy with control freak history with Tesla and he is repeating it, upp that control 100 fold here, and gamblers are flocking to it. I won’t buy SpaceX even if it is at $10 if it stays status quo. Meanwhile, I just enjoy the scene.
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