Is the SpaceX IPO screaming market top? ๐
SpaceX just went public at a 1.77 trillion dollar valuation and jumped 19 percent on day one ๐ They gave retail a much bigger percentage than normal and Fidelity dropped their minimum from hundreds of thousands down to just 2k so regular people could actually participate.
But heres the weird part. Retail faces a 15 day restriction or they get penalized on future IPOs. Meanwhile many insiders can start selling portions of their shares as early as 60 to 75 days after the IPO, much sooner than the usual 180 day lockup in most IPOs.
On top of that were seeing multiple massive #AI companies rushing to go public at sky high valuations. The whole thing just feels sketchy.
What do you guys think, healthy bull market or top signal? #SpaceX
BREAKING:
President Trump says The Crypto market structure bill is being โ THREATENED by the banks and he is now gonna allow it โ
Banks need to make a good deal with the crypto industry.
This is Bullish for markets.