We've all seen $SP(a)CE - the misleading ticker, confusingly close to the upcoming world's most regarded IPO, pumping on nothing. An absolutely horrible business idea - Space Tourism - sitting around 500m market cap, currently ripping 20% a day. Technically too small to talk about in WSB... that is, until it surpassed 500m this morning...
I don't want to see a single comment about the "underlying business" or how they're "burning cash" - this really well thought out DD has absolutely *nothing* to do with the business itself. In fact, the really dumb underlying business makes this even funnier.
Obvious Catalyst: the ticker. $SPCX ipo is and will remain the biggest story in the stock market for the next month. Just pure space mania. People will buy out of confusion, people will buy just to get in space stocks priced 400x below $SPCX ipo valuation - who cares that it doesn't make money, no space businesses make money.
Less Obvious but Real Catalyst: The short squeeze + gamma squeeze.
We've done it before. It's not a gmestop in terms of short interest, but it is an AMC. 30% short interest, 3 days to cover - same as AMC. Volume and price already increasing dramatically these last few days. If we pile into shares and options, continue the pump, and retail follows - this gets very interesting very fast.
The last couple of days are already making things scary for shorts, a couple more days of continuation at similar volume and price increase, and shorts are going to start covering. Combine that with aggressive call buying from an army of regards and dealers will start buying to hedge. Now we have a short squeeze and gamma squeeze happening simultaneously - combine both of these with a WSB movement into a low cap stock, space mania, retail pile on to $SP(a)CE ticker for a myriad of reason, media headlines... and we've got ourselves another historical WSB fueled stock market insanity. Also worth noting, billionaire chad founder Richard Branson would absolutely lean into this squeeze and join in on the fun.
Half the work is already done - shorts are close to being in a very tough spot. WSB hasn't even started pushing this yet, its pumping purely on space mania which is only going to increase. Yea it's up 40% in the last couple days, but look at the MC. 1/400th of SpaceX ipo.
We could actually do this yall. All we need is to join forces. Hold hands. Touch tips. Together, we can make WSB squeeze again 🤝