I own $SPCX and I'm bullish long term, but after a 56% move from the IPO price and a 8% pop on the Cursor acquisition news, I decided to grab some $SNK as a hedge.
$SNK is the new 2x inverse SpaceX ETF. This is one way I can protect some gains without selling my core position.
Not calling a top. Not saying SpaceX is overvalued. Just managing risk in case today's hype turns into profit-taking.
If SpaceX keeps ripping, my core position wins. My SPCX average is $148.34/share
