Based on the IPO table, SPCX looks not a single IPO but a flurry of sequential IPOs of millions of shares which progressively flood and dilute the market. In addition, how many debt raisings are going to happen, we don’t know. SpaceX business is solid, but question is how and when the integrated business model will become profitable and investors can reap benefits. Remember the saying that past performance is not a guarantee for future success!
# SpaceX Crashes 16%! Another 50% Downside, Exit or Add?

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