SpaceX is now above $200 and has even surpassed Mag 7 stock Microsoft in terms of market cap. That is absolutely insane for a company that is still burning cash and not profitable in the short term. Too many unknowns on the space exploration side and many institutions holding SpaceX have already gotten in long ago at relatively cheap prices. Retail investors fomo'ing in right now could be a huge mistake with traders playing with the volatility.
☕️ [Task Coins Giveaway] Daily Market Talk — Chips Rout, SpaceX Tops Amazon
Micron sinks 6% and Marvell tumbles 10% as last week's storage rally unwinds, SpaceX passes Amazon to become the world's 5th-largest company, and Warsh chairs his first Fed meeting tonight.
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