$SpaceX(SPCX.US)

[Bearish] Great company, dangerous price.

SpaceX may be one of the best private businesses ever built, but at USD 1.75T, the IPO feels priced like everything must go right immediately: Starlink scale, Starship success, launch dominance, xAI synergy, and no execution slips.

My take: don’t chase the opening candle. I’d rather fade the hype and wait for real price discovery after the first wave of FOMO. Target zone to watch: USD 120–135 if early buyers start taking profit. Holding period: 3–6 months, only if support forms cleanly.

Bull case is real long term, but short term this looks like a classic “amazing company, stretched entry” setup. My hedge is simple: stay cash-heavy, avoid leverage, and only buy if the chart proves demand can hold after the IPO fireworks.

@Hotspot