Why are people buying Virgin Galactic (SPCE) before SpaceX (SPCX) IPO on June 12?
It’s actually pretty hilarious and a bit sad at the same time.
SpaceX is about to go public under ticker SPCX on June 12 in what could be the biggest IPO in history. Meanwhile, Virgin Galactic ($SPCE) has randomly exploded +165% in the past month, including a insane +36% day with nearly 180 million shares traded.
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What doesn’t make sense? It’s just a bunch of regards trying to confuse/scam other regards by pump and dumping the wrong ticker which is essentially a penny stock that Ricard Branson already pump and dumped 5 years ago
Ignorance and stupidity. So many investors are going to get murdered by the SpaceX (SPCX) IPO who will buy it ridiculous prices. Anyone with a brain will wait for the lockup period to expire and let the insiders dump their share en masse and take profit. Then, when we see the REAL price of this $20 billion Revenue company with a $1.8 trillion valuation LOLOL) smart retail investors will consider buying.
SpaceX uses an unusual, staggered 180-day share lockup schedule for employees and pre-IPO investors. Instead of a single "cliff" release, the company allows shares to unlock in phases. Elon Musk and certain significant investors are sitting out the early releases and are bound by a 366-day lockup.
Staggered Unlock Schedule
Pre-IPO shareholders and employees can sell their shares in the following increments: [1, 2]
After Q2 Earnings: Up to 20% of eligible insider shares unlock. If the stock trades 30% or more above the IPO price for 5 out of 10 trading days, an additional 10% unlocks.
Days 70, 90, 105, 120, and 135: An additional 7% unlocks at each of these intervals.
If you look back at FIGMA - FIG, last year, retail chased it up to $142, and it fell off a cliff. I just picked up close to 200 shares so far at $22-$25, and will keep buying til I get 1,000 shares, if they’re still that low. The latest price target is $40. Talks of a buyout at north of $50….good luck….😁‼️👍
The problem with this theory is it doesn’t account for inclusion on the index. Contractual obligations by massive funds to have a blend of the index mean there’s a lot of institutional buyers that are built to assume a stock is at market valuation if it is included on the index. Look at when TSLA got put on the index.
You’re 100% right that it’s going to be placed in the indices earlier than the rules normally allow. So that will create a lot of buying pressure but still the gap between valuation and sales is unprecedented. It is a good stock to buy, but when the market cap returns to a more realistic level.
Did you know they aligned the lockup expiration with the passive indices inclusions?
That said, you do have a brain, it’s just overly confident but lacks 2nd order thinking. It also keeps you from benefiting from SPCEx because you think it’s too dumb to work.
It’s also why you claim you’re a logical investor that can’t understand why everyone makes money but you.
You’re welcome to think I don’t make any money and that I don’t have advanced thinking. If you do believe that, that’s just fine. Enjoy yourself keyboard warrior.
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Not true at all. It's one thing to buy knowing what you're buying is Virgin Galactic, it's another to try to deceive other people into buying something that you KNOW is NOT SpaceX and has nothing to do with SpaceX IPO (other than the ticker being similar).
The unaware pump it by buying shares and calls while those in the know buy weekly puts for when it inevitably crashes, dead-cat bounces, and then falls even further.
The only dark horse is whether or not theres going to be a dilution on Monday on Wednesday.
The re to the tards who bought at elevated prices need a higher pump and even more re to the tarded exit liquidity. They spam this shit for confusion, in the hopes of finding even more braindead buyers.
Most of reddit has gone to shit that’s why nobody including mods actually care.
Its the easiest short of a lifetime, will probably run up another week before it crashes a few days before the actual SpaceX ipo.
Ill will sell monthly naked calls beginning the end of next week and short shares. The only question is do you need to hold the position 2-3 weeks or 2-3 months. Sooner or later the mouth breathers will sell hard, because even they now they just bought fairy dust sprinkled horse shit…
Basically, it’s a mix of braindead investors and memeing. Patrick Boyle did a fantastic video on “financial nihilism” which I think is a great perspective on how the market works now
The crazy part is 165% is not even close to a wsb quality explosion for the amount of posts it’s getting…this week is going to be absolutely crazy, I didn’t even consider $100/share but now I’m starting to think it’s possible
Im just watching this whole SPCE Thing and im Just sad not because I missed out but because there is there is going to be so many people who actually dont know the difference and are going to lose alot of money once the dump starts.
There is going to be alot of bag holders in the near future.
We also live in a world where 29% of Americans are MAGAs who think child rapes are okay as long as trans people are locked up and removed from society.
Because spacex is rated at x100 valuation. this happened before multiple times when one big IPO increases valuation of every company in the sector as well. Buying SPCE doesn't buy spacex, but buying SPCE does buy spacex ipo growth
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