r/stockmarket
SPCX - Affirm your conditional offer for the SpaceX IPO starting June 11 6/11/2026 4:30 pm EST
Author believes SPCX won't crash on day one due to mandatory index buying by institutions, despite reducing their own order size.
- Major institutions like Morgan Stanley and BlackRock must buy SPCX to fill indexes.
- The probability of SPCX crashing on its first day of trading is very small.
- The author reduced their order size from 2000 to 1000 due to analyst concerns.
- There is a risk that the IPO could be a 'dud' if allocation is low.
https://preview.redd.it/f1igqusfup6h1.png?width=2400&format=png&auto=webp&s=fde40a5b877c90bc13f290e39607c33a22154d8f
For those for did the SPCX COTP last week. You can now affirm
COTPs are non-binding, so change to what you really want now as some think this will be a dud.
I think the chance that SPCX will crashed on day 1 is small, very small in fact. Too many houses from Morgan Stanley, Goldman, Blackrock, then the funds like Vanguard, iShares, etc. have to buy SPCX to fill the indexes.
I am changing to 1000 from my original COTP of 2000, so I am already affected by analysts since last week. If I do get the full 1000, this may already be a dud.