SpaceX tanks (more coming…)

💭  What To Watch For

• Early August: the first lockup expires.

Roughly $123 billion of insider stock becomes sellable. Watch how the share price handles that flood, because that is the real test, not this week's dip.

• The $175.50 line.

A second block of shares only unlocks if SPCX holds above $175.50. From around $133, watch whether it gets anywhere close.

• SpaceX's first earnings.

Its first report as a public company sets the tone and starts the lockup clock ticking.

💭  Today’s Final Thought

Six weeks ago, this was the hottest stock on earth.

Today it's below the price it started at, and the biggest wave of selling is still ahead.

None of that means SpaceX is a bad company. It means the stock and the business are on different clocks, and the crowd keeps mistaking one for the other.

That's the machinery under every IPO. The excitement is engineered to peak right when the insiders are lined up to sell.

You don't have to play that game.

You can wait, you can watch the fundamentals, or you can get in on things long before they ever ring a bell.

The debut is the story everyone sees.

The money was made by the people who were there before it. Be one of them.

- Rami Al-Sabeq (Editor in Chief | Future Finance)

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Disclaimer: This content is not financial advice, it is for informational purposes only. All investments involve inherent risk. Any financial decisions you make are solely your responsibility.