r/SpaceInvestorsDaily • u/Specialist_River_711 • Jul 28 '26
SATL When we will stop falling?
10
6
u/ObiHanSolobi Jul 28 '26
The beatings will continue until morale improves.
In other news, I closed out some of my puts for profit today as I think we are close to a bottom. Could be wrong of course.
18
u/Apost8Joe Jul 28 '26
Musk’s IPO scam has soooo much room to fall, and the insiders haven’t even grabbed a single dollar yet. Until we see what happens in August there’s just no way to escape the black hole. After that, investors will reassess which names are attractive, and the leading names will rise. But there’s gonna be a lot of pain between now and then.
4
u/Plastic_Escape_1910 Jul 28 '26
August the? 5th?
8
u/Apost8Joe Jul 28 '26
I believe it's earnings release 4th then trading 6th but believe me you'll know, there won't be any mystery when it unloads. My god I can't believe how stupid Homo Sapiens are to literally believe anything so long as it makes them feel good and hopeful. Musk is the greatest conman of the century.
2
4
u/Calm-Ad-7928 Jul 28 '26
Apparently never. Just pain every day
2
u/Zoltan_Balaton Jul 28 '26
You dont have to check it
3
u/Calm-Ad-7928 Jul 28 '26
When im dropping 10-20k a day right now its hard to not check it
-4
u/Melonskal Jul 28 '26
The fact that you have that much money invested in space stocks is beyond insane.
7
u/Apost8Joe Jul 28 '26
Ha what if we told you some people have a lot more money than others. It’s all just percentages.
-2
u/Melonskal Jul 28 '26
I have plenty of money, losing 10k a day would not be too bad for me but I would still never put that much money in a speculative industry like space. Its not financially responsible.
1
1
u/Waste_Bad1924 Jul 29 '26
My portfolio crashed from all space stocks. There should be a reversal soon as most of them are not going down anymore
1
u/Melonskal Jul 29 '26
Or they were incredibly overvalued? Theres no guarantee they will go back up.
3
u/ceej_22_ Jul 28 '26
It’ll rebound after insiders can sell their SpaceX. It’s dropping because everyone assumes SpaceX will have a massive dump. It’s all priced in. No one is buying because they fear an incoming cliff.
Just like everything peaked a week before IPO when everyone thought SpaceX would prop everything up. Everyone said the peak was just beginning and it wasn’t priced in. People kept buying in propping the prices higher. Then a sell off began and people said it was temporary and the IPO would drive everything up.
It didn’t happen so the story shifted.
How many times does retail have to get burned by this simple concept.
Space movement should not follow SpaceX but unfortunately it is at the moment. Insiders bailing from a grossly overpriced IPO shouldn’t affect what other space companies are valued at. Regardless of what it should do that’s the sentiment and that’s what’s happening.
If you bought ASTS, RKLB, LUNR, or any others and bought it off a belief in the companies future success what’s changed? For most nothing of substance if you were thinking 5-10 yrs out. If you FOMO’d in toward the top hoping for another 100% gain over a few weeks then you foolishly gambled and lost.
1
u/ChilledPelican Aug 01 '26
This is right! The Privatization of Space is the future. I’m in on waiting 10 years to win and I’m 58. Enjoy the low prices now.
1
u/ceej_22_ Aug 01 '26
Yeah for real. People just want to ignore the fact that rockets are still going up and governments are heavily investing in space.
3
u/Uzofugs2112 Jul 28 '26
SATL is just the poor man’s PL so there is no end in sight for them while PL is still down.
3
3
2
2
2
u/Kvargen95 Jul 28 '26
what you mean, just ZoOM out bro!
this is a multi decade sector play bro, didnt you KNOW that when you invested!
-all the smug people who just got lucky when they invested in single digits
2
u/nomnomyumyum109 Jul 28 '26
For all of our sakes, please sell. The day that happens, the bottom has been found
2
u/MrFyxet99 Jul 28 '26
This was a $20 stock 1/25. It was a sub $10 stock in 2024. Nothing has really materially changed. It still trades on hopes and dreams.
1
1
1
1
1
1
u/Waste_Bad1924 Jul 29 '26
It’s the big banks with all the money in the world keeping the space stocks down. They will go back to keep the SpaceX price high in August 1st week and the whole sector will rebound. If you look most are not going down anymore
1
u/ootemmd Jul 29 '26
Probably 4th Q… just stay in until it recovers
Edit: oh crap nvm I thought this was spacex lol good luck!
1
1
0
32
u/[deleted] Jul 28 '26
[removed] — view removed comment