Picked up a bit of SPCX at 162.7. Here's the logic:
1. Right now, the hottest market is US stocks, and SPCX is the hottest stock (it's got the strongest concepts wrapped up in AI, computing power, Starlink, and space, plus Starlink and space are leading the charge).
2. A ton of institutions and individuals are looking to get their hands on it, so the demand is huge.
3. Half of NVIDIA's market cap seems reasonable, which points to a price of 190. If it hits 190, pushing through the round number of 200 shouldn't be too tough. Once 200 is breached, we're looking at 228, which corresponds to a 3 trillion market cap threshold. In the short term, I think 3 trillion is about the ceiling; given the current sentiment in US stocks, it's totally possible we could push for that peak.
4. Long-term, I'm really bullish on SPCX becoming the top market cap company. The money is pretty thirsty, making it hard to drop but easy to rise.
1. Right now, the hottest market is US stocks, and SPCX is the hottest stock (it's got the strongest concepts wrapped up in AI, computing power, Starlink, and space, plus Starlink and space are leading the charge).
2. A ton of institutions and individuals are looking to get their hands on it, so the demand is huge.
3. Half of NVIDIA's market cap seems reasonable, which points to a price of 190. If it hits 190, pushing through the round number of 200 shouldn't be too tough. Once 200 is breached, we're looking at 228, which corresponds to a 3 trillion market cap threshold. In the short term, I think 3 trillion is about the ceiling; given the current sentiment in US stocks, it's totally possible we could push for that peak.
4. Long-term, I'm really bullish on SPCX becoming the top market cap company. The money is pretty thirsty, making it hard to drop but easy to rise.