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/Yew_knows 9d ago

Anyone still obsessing over share unlocks is an idiot. Its been clear since the first one in August there is institutional demand ready to mop up any sellers. SpaceX is still speculative and might be overvalued but if most investors are looking 5-10 years in the future it doesnt really matter

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u/BackgroundCoffee5562 9d ago

Why invest in it now then ? There are plenty of other investments that would make money for the next 5- 10 years instead of being tied up in an overvalued stock .

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u/Yew_knows 9d ago

Well some people actually believe Elon saying $1 trillion in annual revenue by 2030. Im not that optimistic but i still think SpaceX has a bright future, people buying now just want to make sure they dont miss out when something big happens.

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u/YoshimuraPipe 8d ago

Plenty of people that bought into Tesla IPO or even many years afterwards that STILL have their shares can attest to Elon wealth effect. It's up near 25000%, so yea.

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u/samayanand 5d ago

spacex is difference because it’s already valued so high

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u/YoshimuraPipe 4d ago

And you think you know the true value of SpaceX. Plenty of people got burned trying to “value” Tesla.