cryptothoughts2026

SPCX (SpaceX) closed +19% on day one. Everyone's excited. What do I think?

I'm not buying and that's why:

✅ Incredible brand, real tech, Musk execution
✅ Starlink is actually profitable
✅ First-day pop showed massive demand

❌ $1.77T valuation = 94x annual revenue
❌ Net loss of $4.9B last year
❌ Musk holds 82%+ voting control - you're along for the ride, not the decision
❌ History says most hyped IPOs underperform in year one

Morningstar already called it "significantly overvalued" at IPO price.
I'd rather wait 3-6 months and see where the dust settles.
But if you got in at $135 yesterday - congrats, you had a good day 🤝
If you can trade $SPCX or $SPCXB in the moment go for it!
So what's your take? Would you rather hold or wait?
#SpaceX #SPCX #IPO #Investing #CryptoThoughts2026