ππFor the past 2 months,
$SpaceX(SPCX)$ bear camp was counting down the days to August 6. This is the ominous "Unlock Day", the exact moment the first post IPO lockup restriction expired, suddenly freeing a staggering 911.5 million insider shares valued at over USD 100 billion to hit the open market. The doom mongers predicted a catastrophic selling frenzy that would plunge the stock into deep space.
Instead, SpaceX flipped the script, pulled off a spectacular short squeeze & skyrocketed 35% in just 5 sessions, adding a spectacular USD 500 billion back to its market cap.
Can this valuation stand firm or just a temporary sigh of relief before reality strikes back?
What happened was that the vast majority of SpaceX employees chose to hold. That is a vote of confidence.
Despite the huge Q2 AI Capex, investors realised that SpaceX revenue engine actually leaped a huge 92%.
The next unlock is due on August 20. Standby for more drama on SpaceX.
@Tiger_comments @TigerStars
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