Everyone would have seen the dramatic dip over the last 24 hours.
I’m curious what everyone’s honest thoughts are here. Do you genuinely see SpaceX dropping below $100 a share, or do you think there’s too much support behind the company for that to happen?
Whether you like Elon or not, SpaceX seems to have a level of backing that very few companies ever get. Between the strategic importance of Starlink, government contracts, NASA partnerships, and the current US administration’s interest in maintaining American leadership in space, it feels like there’s a strong floor under the business.
People said similar things about Tesla for years. Many argued it was wildly overvalued and disconnected from traditional valuation metrics, yet the stock continued to trade at levels that conventional analysts struggled to justify. The market eventually started valuing the future potential rather than the current fundamentals.
Could SpaceX follow the same path?
For those of you currently looking to buy, are you setting limit orders? If so, where are you targeting and what’s your reasoning?