I think the first trading day of Space Exploration Technologies
$SpaceX(SPCX)$ will be driven more by momentum and positioning than fundamentals. At a $135 IPO price and a $1.77T valuation, expectations are already very high, but strong narrative demand and FOMO can still dominate day-one price discovery.
My base case is a strong gap up with volatile trading as liquidity stabilizes. Despite cash burn and ongoing losses, the market often initially rewards category-defining companies with powerful long-term stories in space, satellites, and AI-adjacent infrastructure. If momentum holds into the close, buyers likely stay in control.
So my prediction for the first-day close is $200. I see a FOMO-driven spike where sentiment temporarily outweighs valuation concerns, even if longer-term pricing later normalizes.
@TigerStars @TigerClub @Tiger_comments @TigerEvents
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