Concerned American
Diamond Member
Currently it is $35 over the predicted opening price of $135 and $20 over the actual. This company has a proven track record and a bright future--I don't know if it will follow the majority of IPOs.
SpaceX IPO june 12th, 135 is the price
- Thread starter egp320i
- Start date
/----/ So put in a limit order at $152, good till canceled, and wait for it to fill then bounce back.
You said:
Haha good ole lucky one … take some responsibility and admit that you constantly put politics over data and indisputable facts. You do it with Trump and now apparently Elon musk.
You are making critical statements about me with no information to back them up and that makes you a biased person that is the ONE that uses politics over data.
Every trade I make is done using the charts. I do research on every trade and look at the amount of rating companies that follow the stock to determine if the fundamentals strongly (or not) support the trade. I learned the latter when I worked for and was trained by Merrill Lynch and Prudential Bache. This means that politics is moved aside, except when the president affects the market in big ways (such as with Carter and Trump). In those cases, the fact that the president does affect the market, the recommendations for the trade are given lower probability numbers (as it should be..........common sense).
The FACT that you made this statement, shows your lack of knowledge or experience in trading stocks. I have been trading stocks for 49 years and have done it OFFICIALLY, either by working for big companies and handling large amounts of money for them, or by having a subscriber service and also by trading for myself "living off of my trading"!!!!
by the way, with me shorting the stock at 173.95 and the stock closing at 161.11, I am up $1284 in profit! I did lose $117 with the 2 previous trades, meaning that I am in profit on the close today of $1167. Can you say the same with your purchase of the stock?
In addition, I gave you the trades as I was making them, meaning I am not lying to you (after the fact) about the profits made!
Concerned American
Diamond Member
Look at the instant rebounds from 150--SMH--glad you're not touching my money.
MarathonMike
Diamond Member
SpaceX is too speculative for me. Elon Musk becomes the worlds' first TRILLIONAIRE.
Matted Joybeard
Gold Member
- Dec 2, 2014
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Concerned American
Diamond Member
If he wasn't for the contracts with the gov't regarding the moon and a colony there, I would probably agree, but that company has really done well facilitating Starlink and NASA and those future contracts loom large. LOL, but sadly, I didn't buy any either.
Captain Creeper
Diamond Member
- Oct 13, 2025
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I kept getting a “server error - cannot connect - try again later” message every time I tried to affirm my COTP overnight. I lost out on the IPO. Not happy.
Concerned American
Diamond Member
Do you use a VPN--I've had problems like that and as soon as I turn the VPN off, everything works.
Captain Creeper
Diamond Member
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- #92
I have one on my phone but I don’t think it was on.
- Thread starter
- #93
the AI division just inked 3 year contracts to rent out their storage to google and meta for 2.17B per month!
as for the stock, looks over hyped to start, it did not IPO at over 200 but 160 and it stayed around there for most of the day
I picked up 50 @163, currently AH 167 so I am up 4 bucks! yippee
did not start trading until 9:30 ET due to backlog apparently
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shockedcanadian
Diamond Member
- Aug 6, 2012
- 45,370
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I don't envy Musk for his wealth, not one bit. I admire him for having ambition and pursuing it. Not just shuffling paper but actually building the most ambitious of ideas. The long hours, the sleepless nights and the drive to shoot for the moon, literally, and then some.
What I do envy is the freedom he had to pursue it. Thank G-d he left S Africa and then Canada. America harnesses ambition.
I always wanted to read his story and my ex-wife was going to buy me a book or two for my B-Day but I told her no. I suppose it would not very complete anyways since he keep pushing boundaries.
He inspires people like me but also reinforces that hole in ones soul. I always wanted to be a business owner and create something, employ others and win or at least fail through my own mis-steps (not the hands of others).
He is a Renaissance man. One of one across the world. One of many in so many ways as an American though. If you lose what drives ingenuity and innovation the world will be far worse off.
What I do envy is the freedom he had to pursue it. Thank G-d he left S Africa and then Canada. America harnesses ambition.
I always wanted to read his story and my ex-wife was going to buy me a book or two for my B-Day but I told her no. I suppose it would not very complete anyways since he keep pushing boundaries.
He inspires people like me but also reinforces that hole in ones soul. I always wanted to be a business owner and create something, employ others and win or at least fail through my own mis-steps (not the hands of others).
He is a Renaissance man. One of one across the world. One of many in so many ways as an American though. If you lose what drives ingenuity and innovation the world will be far worse off.
EdwinAMartin
Diamond Member
- Mar 6, 2026
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I was expecting it to suck the gambling money away from other stocks, but it didn't; nearly everything was up during most of the day, not real bargains showed up on my watch list. I guess it's back to pipelines and dividends for the rest of the year.
Andrew_Jackson_FTW
Diamond Member
- May 12, 2022
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I’ll reiterate the point again. It was very simple and you’re straying away from it. You said in 2016 that the markets could be volatile and don’t get involved. And look what happened. Trump had better returns compared to Obama, Biden or George W. Bush. You’ve also made other threads before Trump took office during a second term, warning people about the dangers of investing in the market when Trump‘s president. You’re wrong. That’s the point.
Data? Sure it was already shown Trump’s market outperformed Biden, Obama and George W. Bush. And you bring up Jimmy Carter and Donald Trump in the same sentence. Hmmm?
Here’s what would help if you simply acknowledge that during Trump‘s first term the market performed well. You’re not doing it. I don’t expect you to do it. You’ll probably talk more about your personal work with stocks, subscriptions and what not. None of which anybody can verify. But I’ll take your word at it. You got one thing right in this thread with a minor percentage profit off of shorting a stock.
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Andrew_Jackson_FTW
Diamond Member
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Andrew_Jackson_FTW
Diamond Member
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Yes, the stock is trading around a 100x P/S ratio(price to sales ratio). Starlink is the one part of SpaceX that is very profitable. But other areas of SpaceX are struggling profit wise that is. The rocket and AI division of SpaceX have been operating at losses.
But this doesn’t always matter in the market. This is largely a sentiment driven stock currently and that’s fine for investors. Money is money profit is profit. The idea that folks have is that sometime down the road this will be a very profitable company.
What is overcoming the high P/S ratio would be as you and others have said the government contracts and other company contracts SpaceX has.
For folks who put in premarket orders before 9:30 AM they were able to acquire the stock at $150 a share. This includes myself and many others. But what I believe happened is as soon as 9:30 AM hit the shares spiked in value. So for folks who did not have a premarket order, they did not get the $150 a share. I know on my Robinhood account I put in a premarket order at around 6:30 AM when my IPO shares were only filled with regards to 1 out of 49 shares. My Robinhood account says that my 49 remaining shares were filled at 9:30 AM at $150. And as soon as the IPO opened at 9:30 am I looked on the account and it’s trading around $167.
A few final points. The bears and dimmers were simply wrong. There were those who thought that even on the IPO day that there will be some sort of a catastrophic rug Paul. It never happened. These are in big numbers anti-Elon Musk haters. And when it comes to investing, people should never let emotions get the best of them or political differences. Throw that all out the roof. There’s probably plenty of things. I disagree with Elon on. But his company Tesla has been an amazing return for our investors. Had plenty of folks made a nice profit of 5 to 30% on Friday if they bought and sold SpaceX on the same day.
My thoughts going into next week I do believe there might be a dip in the stock. I think it might get as low as 140 if not lower. I could be wrong about that, but that’s my feel. Long-term however it is surely a solid investment.
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teddyearp
Gold Member
You didn't read the fine print. Fidelity told me I had to hold them for ten days minimum. Had I not had to deal with family TDS issues, I wouldn't have 'spaced' confirming my interest Thursday night. Otherwise I may have gotten 25 @ $135.
Andrew_Jackson_FTW
Diamond Member
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That is wrt Fidelity. But with Robinhood you are allowed to buy and sell on the same day even with an IPO. What specifically happened with Robinhood and Schwab for that matter is for about two or three minutes after SpaceX debut these apps froze and people were locked out of selling their SpaceX shares. But after that, I was able to sell my SpaceX shares which I did on Friday evening USA time( I’m in the Philippines)
Sorry about your family tds troubles, but there’s always another stock out there down the road to invest in and make profit.
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