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SpaceX IPO
Comments
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No sign of abating demand on day 2 of open trading, new highs reached. Nothing from the OP as yet on the thread.
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Yes it's going well. According to HL, today is showing a 29% gain on the offer price.
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A month on and it's more-or-less back to the IPO offer price.
N. Hampshire, he/him. Octopus Intelligent Go elec / Fuse gas / Vodafone BB / iD mobile. Kirk Hill Co-op member.Economy 7 cap explainer. Gas vs E7 vs peak elec heating costs, Ecoflow Stream, Best kettle :-)
2.72kWp PV facing SSW installed Jan 2012. 11 x 247w panels, 3.6kw inverter. 37 MWh generated, long-term average 2.6 Os.1 -
Seems par for the IPO course…a bump after the IPO and then a settling down. Retail investors are all holding losses right now. Even at the IPO price I wouldn't want to own a company share that has a price to sales ratio of more than 100 with massive exposure to the speculative AI bubble.
And so we beat on, boats against the current, borne back ceaselessly into the past.3 -
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More like a Rapid Unscheduled Disassembly🤔
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I think it's attempting re-entry…
You reminded me of this clip from Moonraker 😆:
Full disclosure: I own one unit (£30-worth) of SNKP which is an ETN that tries to 3x short SPCX.
This is not investment advice!
N. Hampshire, he/him. Octopus Intelligent Go elec / Fuse gas / Vodafone BB / iD mobile. Kirk Hill Co-op member.Economy 7 cap explainer. Gas vs E7 vs peak elec heating costs, Ecoflow Stream, Best kettle :-)
2.72kWp PV facing SSW installed Jan 2012. 11 x 247w panels, 3.6kw inverter. 37 MWh generated, long-term average 2.6 Os.1 -
Classic Dead Satellite Bounce
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I have a great deal of schadenfreude when it comes to SpaceX. But when BS is the basis for such big IPOs it really hurts the stock markets and by extension the economy. The years 2007/08 tells us that a financial crisis on the DOW/NASDAQ markets won't be confined to the US. So it might be nice to see Elon cry, but when the SpaceX/Open AI etc bubble bursts it will make a lot of innocent people cry and many won't have even heard of SpaceX or AI.
And so we beat on, boats against the current, borne back ceaselessly into the past.4
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