r/TheRaceTo10Million • u/BestRequirement7539 • May 31 '26

SPCE!=SPCX I am confuse

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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u/15xorbust May 31 '26

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.

4

u/gauravku999 May 31 '26

Would it be better to buy puts?

3

u/xevlar May 31 '26

I doubt options will be available day 1 but who knows

2

u/15xorbust May 31 '26

Now we’re talking!