Quick Read – SpaceX surged past $200 post-IPO before crashing to the low $150s, and at 104x price-to-sales, the valuation remains stretched. – Insider selling looms in months while Nasdaq 100 inclusion drives forced buying, setting up extreme volatility in both directions. – AI…
pEx jitters and potential Fed rate hikes could push SpaceX back toward its $135 IPO price, rewarding patient buyers. – Act now: the analyst who called NVIDIA in 2010 just named his top 10 AI stocks — and SpaceX didn’t make the cut. Grab the names FREE today
The post-IPO boom phase for those red-hot shares of Space Exploration Technologies (NASDAQ:SPCX) didn’t seem to last very long, peaking at just north of $200 per share before plunging as low as the low-$150 levels, well below the day-one opening close. Indeed, if you didn’t buy on the first day of trading, patience was rewarded quite quickly. With shares a few dollars above where they were on day one, though, the big question is whether it still makes sense to buy before the stock is added to the Nasdaq 100.
Indeed, that S-1 prospectus was packed with profound innovations, some of which, at least in my humble opinion, are quite ambitious and could take many years longer than excited investors expect. Indeed, orbital data centers aren’t going to happen overnight. And questions linger as to whether the model is practical enough to evolve into a profitable business anytime soon.