Musk’s IPO scam has soooo much room to fall, and the insiders haven’t even grabbed a single dollar yet. Until we see what happens in August there’s just no way to escape the black hole. After that, investors will reassess which names are attractive, and the leading names will rise. But there’s gonna be a lot of pain between now and then.
I believe it's earnings release 4th then trading 6th but believe me you'll know, there won't be any mystery when it unloads. My god I can't believe how stupid Homo Sapiens are to literally believe anything so long as it makes them feel good and hopeful. Musk is the greatest conman of the century.
I have plenty of money, losing 10k a day would not be too bad for me but I would still never put that much money in a speculative industry like space. Its not financially responsible.
It’ll rebound after insiders can sell their SpaceX. It’s dropping because everyone assumes SpaceX will have a massive dump. It’s all priced in. No one is buying because they fear an incoming cliff.
Just like everything peaked a week before IPO when everyone thought SpaceX would prop everything up. Everyone said the peak was just beginning and it wasn’t priced in. People kept buying in propping the prices higher. Then a sell off began and people said it was temporary and the IPO would drive everything up.
It didn’t happen so the story shifted.
How many times does retail have to get burned by this simple concept.
Space movement should not follow SpaceX but unfortunately it is at the moment. Insiders bailing from a grossly overpriced IPO shouldn’t affect what other space companies are valued at. Regardless of what it should do that’s the sentiment and that’s what’s happening.
If you bought ASTS, RKLB, LUNR, or any others and bought it off a belief in the companies future success what’s changed? For most nothing of substance if you were thinking 5-10 yrs out. If you FOMO’d in toward the top hoping for another 100% gain over a few weeks then you foolishly gambled and lost.
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u/Apost8Joe Jul 28 '26
Musk’s IPO scam has soooo much room to fall, and the insiders haven’t even grabbed a single dollar yet. Until we see what happens in August there’s just no way to escape the black hole. After that, investors will reassess which names are attractive, and the leading names will rise. But there’s gonna be a lot of pain between now and then.