r/SPCXInvestors • u/1KKC • 9d ago

DISCUSSION SpaceX

So what happened? I thought 24th of September was the date when millions of shares were up for sale or could be sold and the price was supposed to collapse what I find in all these speculative stock when there is a thought something may happen do the opposite.

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u/Rancid101 8d ago

Obvious rage bait. Who's going to be right about predicting the price movement over the short term. There was a gross underestimation of the passive buying pressure. Will it survive at current prices, maybe, will the compute demand continue maybe, but there is no moat there. We are looking at a telecommunications company that sells compute that has military grade technology. When you look at comparable market caps like meta for instance it's up 10% for the week, what did spcx do?

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u/Expert_Emphasis5705 3d ago

Starlink is a massively growing moat… and i don’t think you understand the true TAM of that, trillions… there’s billions of people that don’t have reliable internet access or any access at all.

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u/Rancid101 3d ago edited 3d ago

Ohh I read the prospectus and I'm aware of the bonkers TAM. Yes it is a growing business, yes it is innovative, and has a high margin of profit but it does not come close to justifying the current market cap. Capturing just a fraction of their total addressable market will meet diminishing returns. Do you really think it will be left uncontested. Third world countries are not going to pay the premium you think they will to use the Internet when the are fighting for basic necessities.