#cryptonews ๐
Are you prepping a "fat bag" for the SpaceX IPO, but have you seen the numbers? ๐ค
Historically, tech companies like
#IPO have averaged a 55% drop within a year post-IPO.
We've shown that SpaceX isn't the success story it's being marketed as. Yet, the company is heading for an IPO with a fantasy valuation, as if all the tech processes are wrapped up and it's just about filling a big bag with cash for space colonization ๐ค
Musk is trying to outsmart the stats:
โช๏ธ Insider share lockup
โช๏ธ Premium conditions for index inclusion
โช๏ธ Record retail investor interest
This might work in the short term, but the first financial report will reveal that SpaceX lacks revenue and prospects as a business that was initially valued at nearly $2 trillion.
๐ฌ In this context, the
#IPO could likely be a hit, creating a pumping opportunity for speculators, but the window for solid long-term investments at a good price will only open in 6-12 months.