SPCX is going to tank whenever it goes live.

Investor summaryBearish

Author predicts SPCX IPO will tank due to unprofitability, overhype, and Musk's focus on TSLA.

Bear points

Space sector companies are historically unprofitable.
SpaceX lacks a clear path to profitability.
IPO hype will lead to a sell-off; Musk may abandon SPCX for TSLA if it loses money.

Post body

Unpopular opinion, but I truly believe that SPCX will fall 5-10% or maybe even more today after it goes live.

Basically every company in the space sector has been completely unprofitable for the lifetime of their companies.

There is no indication that SpaceX will become profitable anytime soon. It will follow the same trends as every other space company.

There is so much hype around the IPO that it will do the exact opposite of what everyone os hoping

Elon Musk does not truly care about SPCX as much as his baby TSLA and as soon as it starts losing him money he will shift back to focusing on TSLA and shelve SPCX.

There might be a small buyer influx at the launch, but maybe after 1-2 hours it’s going straight down to $120 and possibly $100 by EoM

Good luck to everyone who got shares in the IPO.

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