#SpaceXValuationReaches 1.67T
🚀 Congratulations to SpaceX, keep it up and you’re straight up going to the moon—literally, guys! 🚀🌕
SpaceX’s stock (SPCX) just made an incredible comeback, up more than 6%, bringing the company’s valuation back to $1,670 billion. It’s still weird: while some crypto folks want to "have eyes popping out of their orbits" to go 2x or 3x, Mr. Elon Musk just needs to launch a few rockets a couple of times, and the fortune grows as much as the size of the entire economy!
📊 Quick analysis: after the pullback from the peak, SpaceX is currently reclaiming its massive place with the general public. With a market cap like this, Starlink and Elon’s Mars project can "burn money" as much as they want, without running out of funds.
🤔 What should traders do at this point?
🛑 Don’t get distracted: don’t short Elon Musk’s rocket—be careful not to burn your account.
⚠️ Wait for the SPCX stock to build up in a stable way, and only then should you think about making a long-term buy.
💪 Keep holding your crypto positions, accumulate capital so that later you can buy tickets to go to Mars!
#SpaceX #ElonMusk $SPCX $BTC $LAB