The thesis is simple: remember all those shares of SPCX you weren’t allocated at $135 at IPO? Imagine how many other regards out there missed out and are going to think this is a great deal under IPO price.
There’s a quick catalyst on the way with the starship launch on Monday. It’ll get more eyes on the stock and help people find out about this wonderful deal they’re being offered. As long as this launch isn’t aborted and doesn’t blow up, it’ll serve as a catalyst to fuel to rally.
Lastly, no way Musk doesn’t tweet something outrageously positive soon (think back to “$1 trillion revenue in 2030”) when the stock’s fallen this much.
To be clear, I’m not advocating for HODLing this forever. Get in, catch the bounce up past IPO price, and get out before insider shares unlock mid-August.
Positions: 250 shares at $123.16
