If all goes well. Around 6:30.
Hope it works - would help their stock (which is below where it started at IPO).
Hope it works - would help their stock (which is below where it started at IPO).
OT: SpaceX Starship launch later today
- Thread starter RocketDawg
- Start date
My fault, I finally decided to invest in an IPO and it quickly goes down the drain. Typical.
Their AI debt load that is attached to SpaceX is pretty unreal. The realization that the IPO price was largely propped up by a belief in future growth means that it will be pretty volatile until it's revenue trajectory more closely aligns with the valuation (i.e. revenue would need to be close 1% of US GDP to hit that valuation). Add to that expected profit takers and I'm not surprised that it is below IPO. Like most IPOs, little people like us were never going to be in a position to take full advantage. If Starlink becomes a global utility, future Starship endeavors prove profitable and they retain their command of the global launch market, it will be a good long term investment. If I were buying now, I would do so with money that I did not require for liquidity any time soon.
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You’re in luck. I think the IPO was at $130, which popped to $150 by the time most anyone could buy. You could’ve bought today for under $131.
I'll watch until after the 180 day period is up. They gave employees unlock periods of 70/90/120/135/180. It will be interesting to see how many exercise their option to sell and at what quantities. Some of those employees are going to want to sell their RSUs to convert from being rich on paper to rich for real.
