---
type: "Topics"
locale: "en"
url: "https://longbridge.com/en/topics/42080648.md"
description: "$SpaceX(SPCX.US)$Micron Tech(MU.US)$NVIDIA(NVDA.US)Short-to-medium term stock prices continue to face pressure; scarcity is insufficient to counterbalance the suppression from technology execution risks.That's right, Falcon 9 is a mature, scaled system for recovering first-stage rockets, a tool for strong cash flow, while Starship is the most promising future cash king for commercialization, the world's most advanced next-generation fully reusable and recoverable system, and the future cash-generating hope for SPCX. Combined with the full industry chain integration advantages of deep space/orbital economy/space AI, it is indeed the core driving force behind SPCX's high valuation and long-term growth.Undoubtedly, the core reason the market gives a high premium is based on the expectation of technological leadership in reusable systems, but its technology execution risk is simply too high. Admittedly, the absolute admiration for Elon Musk, the market's overheated frenzy for the IPO, and the unparalleled scarcity did lead to a significant surge right after listing. However, the excessively high technology execution risk, especially the four major incidents this year, will inevitably damage confidence in the still-immature Starship system. Coupled with the upcoming earnings report and further share unlock, the massive bond issuance for Cursor, and the instability of the ever-changing Middle East situation suppressing high-valuation tech stock prices, once the market hype fades, a rational downward correction in value is inevitable. After all, the surge to over $2 trillion in market cap within days of listing clearly overdrew future value expectations. Personally, I still believe SPCX's short-to-medium term stock price will continue to face pressure.The stock market carries risks; invest with caution. The above is merely a personal view and does not constitute any investment advice."
datetime: "2026-06-23T01:15:14.000Z"
locales:
  - [en](https://longbridge.com/en/topics/42080648.md)
  - [zh-CN](https://longbridge.com/zh-CN/topics/42080648.md)
  - [zh-HK](https://longbridge.com/zh-HK/topics/42080648.md)
author: "[佳昊札记](https://longbridge.com/en/profiles/15623840.md)"
generator: "portal-rs"
---

# $SpaceX(SPCX.US)$Micron Tech(MU.US)$NVIDIA(NVDA.US…


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## Comments (3)

- **佳昊札记 · 2026-06-23T07:46:45.000Z · 👍 1**: Many people think it's hindsight bias, but in fact, I discussed it with friends when it surged on June 15th. Its technical execution risk is indeed too high.
- **美股投资小散 · 2026-06-23T07:38:37.000Z**: Buy below 100
- **佳昊札记 · 2026-06-23T01:23:23.000Z**: It's not a bubble; in the short to medium term, it's even better than a bubble, and in the long term, it's bound for the stars and the sea.


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> **Disclaimer: This article is for reference only and does not constitute any investment advice.**