Smurfbee
06-23

It was selling fantasy and technically setup to grab cash from every possible ways to benefit 1 person the most. What deal was made to allow listing rules to be modified and index inclusion to be revised to pump up a net loss company? clearly worth at most 300B for selling hope. Data center in space?? Technically it's barely viable let alone realistic when you just look at heat dissipation alone and also maintenance. Creative ideas but mostly fantasy and I'd say borderline stupid for anyone to put money into such a company. TP is USD25 at best.

SpaceX Surges 6.1% Through $116B Lockup Expiry — Is the Overhang Truly Gone?
SpaceX +6.14% Thursday, straight through the largest lockup expiry on record — 911.5 million insider shares, roughly $116 billion, turning sellable. It dipped at the open, then reversed. Attention swung back to the first earnings report: core profit beat, segment losses narrowed sharply, only AI capex ran slightly hot. Cathie Wood bought the dip, JPMorgan revised its target, Musk called Starlink undervalued. Peer SSPC still fell 12.16%. Biggest overhang cleared, sector not following — inflection, or just the end of the selling?
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