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After some thought, I will participate modestly.
-Logic
First, Space X belongs to the market dream-type project, no need to consider revenue or fundamentals. Just look at the opening sell pressure and capital game situation.
IPO 75 billion, accounting for 4% of the total market value, with a total market value of 1.8 trillion. Currently locked positions are 250 billion, oversubscribed 4 times. It is a high-control and high FDV project.
There should be a wave of FOMO sentiment at opening. The probability of breaking the price is relatively low.
The predicted market size is greater than 2 trillion with a 60% probability, indicating some consensus.
-Platform selection
With a quota of 400 million, considering most are already allocated, it’s estimated that only about 10% or less can be actually allocated. But it should be the most compliant.
BG and Gate should have quotas within 18k, but it’s uncertain whether these two platforms will delay releasing the allocations at opening, so I won’t participate for now. Or I can participate in a small amount to experience it.
-Trading
Sell immediately after opening, and use the remaining funds to buy the absorbed storage.
The profit probably won’t be much, but overall, it’s a way to experience the process of IPOs in the US stock market.