【SpaceX rebounds to the IPO price doorstep】
There are 3 things to watch in SpaceX’s rebound this time.
1️⃣ The reasons for the drop are still there. According to Motley Fool, the Democrats won the Texas governor’s race, and the new governor supports pausing new data center construction. SpaceX fell about 12.5% in the two days after the election, closing Thursday at 123.62, below its 135 IPO price.
2️⃣ It wasn’t the only one to rebound. According to MarketBeat, Rocket Lab rose 15.4% on Friday and reports earnings Monday; Binance’s RKLB perpetuals also gained 15.97% over 24 hours.
3️⃣ The price has returned to the dividing line. Binance bStocks’ SPCXB was quoted at 135.58 at 08:24, right around the 135 IPO price.
My take: This is an oversold bounce, not the end of the bad news. Until Texas’s data center policy is clarified, there will be holders looking to break even above 135. U.S. markets are closed over the weekend, and the bStocks order book is thin, so I’m not chasing it.
What could prove me wrong: If SPCXB gets back above 143 after the U.S. market opens Monday (where the 7-day high and 20-day moving average sit), that would suggest the election-related bad news has been priced in.
With SpaceX back at its IPO price, do you see it as a breakeven exit or an entry point?
Sources: Motley Fool, MarketBeat, Binance data
#美股 #SpaceX
📈 Top 3 contract gainers (08:35): $AKE +86.94%｜$ONE +69.25%｜$UAI +44.61%
#Binance Square
⚠️ The above is a summary of information and personal opinions, not investment advice. DYOR.
There are 3 things to watch in SpaceX’s rebound this time.
1️⃣ The reasons for the drop are still there. According to Motley Fool, the Democrats won the Texas governor’s race, and the new governor supports pausing new data center construction. SpaceX fell about 12.5% in the two days after the election, closing Thursday at 123.62, below its 135 IPO price.
2️⃣ It wasn’t the only one to rebound. According to MarketBeat, Rocket Lab rose 15.4% on Friday and reports earnings Monday; Binance’s RKLB perpetuals also gained 15.97% over 24 hours.
3️⃣ The price has returned to the dividing line. Binance bStocks’ SPCXB was quoted at 135.58 at 08:24, right around the 135 IPO price.
My take: This is an oversold bounce, not the end of the bad news. Until Texas’s data center policy is clarified, there will be holders looking to break even above 135. U.S. markets are closed over the weekend, and the bStocks order book is thin, so I’m not chasing it.
What could prove me wrong: If SPCXB gets back above 143 after the U.S. market opens Monday (where the 7-day high and 20-day moving average sit), that would suggest the election-related bad news has been priced in.
With SpaceX back at its IPO price, do you see it as a breakeven exit or an entry point?
Sources: Motley Fool, MarketBeat, Binance data
#美股 #SpaceX
📈 Top 3 contract gainers (08:35): $AKE +86.94%｜$ONE +69.25%｜$UAI +44.61%
#Binance Square
⚠️ The above is a summary of information and personal opinions, not investment advice. DYOR.
