Jun 3 • Market Talks
SpaceX IPO — Market Talks Continued!
Hi ladies, hope you all enjoyed yesterday Zoom call.
As a follow up, I wanted to share this information.
There is A LOT of HYPE around the upcoming SpaceX IPO… but I am here to tell you that following the hype can actually cost you money.
I pulled the data on 8 of the most hyped IPOs from the last 5 years — Snowflake, Airbnb, DoorDash, Rivian, Robinhood, Arm, Instacart, and Reddit.
Every single one of them had a better entry point after Day 1.EVERY SINGLE ONE OF THEM:
The pattern is always the same, the hype drives the price up on Day 1, retail investors pile in, and then the price drops. Sometimes by 20%. Sometimes by 90%. But it drops.
SpaceX is going public at 94 times its revenue and posted a nearly $5 billion loss last year. The excitement is real. The valuation is a lot.
This is not me telling you to sit out. But that Day 1 FOMO is not a strategy — and the data backs that up.
Do your research. Know what you’re buying and why. And if you have questions bring them to our next call — this is exactly what we’re here for💸
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SpaceX IPO — Market Talks Continued!
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