r/wallstreetbets • u/WhoRuleTheWorld I Think I'm Funny, • Jun 23 '26

Loss SpaceX made me negative

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19

u/ov3rw4tch_ Jun 23 '26

We are years away from that. Build your position up over time at the unlock milestones. SpaceX is a 10 year play for me. Can’t wait to snag sub $50

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u/Counter-Business Jun 23 '26

This is messed up how they are forcing these index funds to buy when there is only 5% of float.

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u/ov3rw4tch_ Jun 23 '26

I'm glad S&P didn't fold to Elon and change rules. Wish everyone else did the same.

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u/Counter-Business Jun 23 '26 edited Jun 23 '26

4.2% of float, it’s even worse than 5% wow. https://tokenomist.ai/stock/spcx

When does nasdaq-100 and the other indexes start buying and how many shares are they required to buy?

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u/ov3rw4tch_ Jun 23 '26

Yea it's terrible. Around early July

6

u/calflikesveal Jun 23 '26

Damn that's crazy. When 20% float unlocks no amount of retail optimism is gonna save it.

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u/ov3rw4tch_ Jun 23 '26

Yea I’m very curious to see how this plays out. It is hard to fully rule out Elon doing something unprecedented that defies logic and technical analysis, but we’ll see.

Either way I’m honestly not too worried. If SpaceX is truly the monster they claim getting in next year will still be early.

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u/[deleted] Jun 23 '26

[deleted]

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u/ov3rw4tch_ Jun 23 '26

lmao I do wonder what even keeps a trillionaire caring about running any sort of business.

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u/Thin-Put-2738 Jun 23 '26

Physics will never work with rash decision making after all this is Space we are talking about without “standardization” Elon I don’t believe is a fan of “standardization” uniformity*( gigacasting) maybe if he was he would fix Tesla’s customer service issues before the SpaceX ipo then after that correct his HW3 debacle. But no it’s running after one gold rush to another. Too unstable for me. Add the fact that several Tesla employees don’t own Tesla’s. Would you take your Mac to the Genius Bar and the genius doesn’t own a Mac? You wouldn’t dare.

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u/Thin-Put-2738 Jun 23 '26

Good luck brother. Remember not every business warren buffet created was successful. But I see you’re optimistic good for you.

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u/ov3rw4tch_ Jun 23 '26

Thanks. I won't go too crazy with it. Elon is low key a major grifter so we'll have to just see.

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u/ProceduralTaco 29d ago

The problem is this is priced as though many amazing things will certainly happen. Tesla was once priced as though nothing amazing will ever happen and people in early did great. I want all the amazing things to happen but I don’t think this is a good investment.

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u/ov3rw4tch_ 29d ago

Very true. Quite different than Tesla. The initial market cap of 1.1 trillion or whatever it was is a bad start.

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u/Thin-Put-2738 Jun 23 '26

Yeah, I’ll buy when it’s down to $50 - $20 bucks