Leave it to Elon Musk to defy the laws of market gravity just as 911.5 million SpaceX shares unlocked.
Why has the rocket suddenly ignited?
It turns out that Elon Musk pulled a rabbit out of his hat to save the lockup expiration day. He announced a massive exclusive partnership with $NVIDIA(NVDA)$
Investors decided that the post earnings AI panic was overdone & started to buy the dip. Sister Wood led the way. Her timing was perfect. The USD 105 low was the bottom.
The other way is to smash the bottom later. This 7% bounce is just a short term sentiment dead cat bounce fueled by NVIDIA news.
The reality is a 7% green day does not delete the new 911 million shares from existence. New tranches will roll out every 2 to 3 weeks until December 8 2026.
So I will wait to smash the button later to buy SpaceX at a big discount.
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