$SpaceX(SPCX.US)

SpaceX is a phenomenal company, but I would not chase the IPO hype at this valuation. At around USD 1.75T, the market is already pricing in near-perfect execution from Starlink, Starship, launch dominance, and the broader Musk ecosystem. The problem is that even great companies can make poor trades when expectations are extreme.

My view: fade the first hype cycle and wait for price discovery. Target zone I would watch is around USD 135–150, near IPO/opening support, with a 3–6 month holding period only if the stock stabilises after post-IPO volatility. Key risk is lockup expiry, profit-taking, and valuation compression. Bull case remains intact long term, but short term I prefer patience over FOMO. Hedge: keep cash ready, avoid leverage, and only scale in if the chart proves demand is holding.

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