Three days after going public, #SpaceX is already trading 55% above its $135 initial public offering price.
But as investors learned during the meme stock era and the 2021 crypto cycle, valuations can move much further than expected when prices are untethered from pure fundamentals.
Perhaps what makes the SpaceX meme stock different is the tiny number of shares that are available to trade compared to the demand. Only 555.6 million shares were sold in last week’s #IPO, representing about 5% of SpaceX’s total outstanding stock.
But there might be some genuine news affecting its price too. On Tuesday, SpaceX announced it had entered into a formal agreement to acquire AI startup #Cursor in an all-stock deal valued at $60 billion.
But as investors learned during the meme stock era and the 2021 crypto cycle, valuations can move much further than expected when prices are untethered from pure fundamentals.
Perhaps what makes the SpaceX meme stock different is the tiny number of shares that are available to trade compared to the demand. Only 555.6 million shares were sold in last week’s #IPO, representing about 5% of SpaceX’s total outstanding stock.
But there might be some genuine news affecting its price too. On Tuesday, SpaceX announced it had entered into a formal agreement to acquire AI startup #Cursor in an all-stock deal valued at $60 billion.
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Investing in complex securities involves risk. You may lose some or all of your invested capital.
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Free TradingView Premium:
blackbull.com/en/platforms/tradingview/?utm_source=tradingview
Investing in complex securities involves risk. You may lose some or all of your invested capital.
blackbull.com/en/platforms/tradingview/?utm_source=tradingview
Investing in complex securities involves risk. You may lose some or all of your invested capital.
免責事項
これらの情報および投稿は、TradingViewが提供または承認する金融、投資、取引、またはその他の種類の助言もしくは推奨であることを意図したものではなく、またこれらに該当するものでもありません。詳細は利用規約をご覧ください。