$SPCX has fallen more than 40% in its first month of trading. Investors rushed to subscribe before the IPO, but the stock has now dropped below its offering price—and the real test is only beginning:
• The initial float is below 5%, and the scarcity premium is fading
• Its current market value still equals roughly 90 times 2025 revenue
• The first lock-up release begins after Q2 earnings, reshaping supply and demand
• Long-term value hinges on whether Starlink, Starship and AI can generate free cash flow
Read the full analysis on SPCX’s valuation, lock-up schedule and outlook 👇
https://t.co/LItk65tFCC #SPCX