$SPCX just hit ~$113 that’s a clean -50% from its all-time high of $225.64 set only a few weeks ago (June 16). SpaceX went public at $135, ripped to $225+ in days, and is now trading significantly below the IPO price. Where is the bottom ? Anyone ?
$LITM The U.S. and Israeli strikes on Iran will boost nuclear (uranium) energy even more.
Nuclear power plants run on uranium fuel, which is mined, enriched, and stockpiled independently of oil shipping lanes. Disruptions like the Strait of Hormuz highlight the fragility of reliance on Middle East oil and gas imports for electricity, industry, and transport fuels.
Why this boosts nuclear energy ?
- Energy independence and security
- Economic competitiveness
By exposing fossil fuel vulnerabilities and driving up costs, the Iran conflict and shipping disruptions strengthen the strategic and economic case for uranium-fueled nuclear energy as a more secure alternative.
The one who thinks ahead maximizes the gains 😉
@TheChipClark @jessaflecht Hope to see you increase your ownership at these levels. It would certainly help restore some investor confidence if management took advantage of these cheap equity prices.