LIVE NOW: SPACEX IPO TRADING
In a Nutshell
SpaceX has not started trading by 11 a.m. ET despite heavy anticipation, leaving the NASDAQ to swing from red to green on speculation alone. Analysts flag a potential early pop followed by a sell-off, citing SpaceX’s sky-high $1.77 T valuation against minimal revenue and ongoing losses. Tesla and Rocket Lab are positioned as the main proxies to watch for rotation once the IPO finally lists.
These notes were generated by AI and may contain inaccuracies.
Ricky from TechBud Solutions hosts a live stream covering the anticipated SpaceX IPO on a Friday morning. Markets opened one hour prior and SpaceX has not yet begun trading. The NASDAQ is being monitored for potential movement driven by IPO hype, with speculation that money could flow into the broader market and push NASDAQ higher by 2-4%.
Tesla trades down 1.4% with discussion around whether it could serve as a proxy for SpaceX exposure. The stream originates from Hawaii at 4:45 a.m. local time.
A potential scenario discussed involves investors taking profits after the SpaceX IPO pumps, leading to a broader sell-off. A thread covering both bull case and bear case scenarios for the IPO is referenced. Expected volatility includes possible repeated trading halts due to intense buying pressure upon listing.
NASDAQ continues declining. MSTR shows strength up 3.5%. Oracle and Palantir each down 2%. Tesla trades down 1.6%. Marvel down 4.4%. Dell up 2% on a technical overbought reversal pattern. Micron down 1.4%. Rocket Lab drops 9%, interpreted as money rotating away from smaller space companies ahead of the SpaceX IPO.
Robinhood (HOOD) is discussed in context of increased trading volume from IPO activity. The view expressed is that any benefit to Robinhood would likely extend to other brokerages rather than creating a unique advantage, especially given retail trader focus versus competition with firms like Charles Schwab.
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