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Last week, I predicted SPCX IPO trend with Frank @qinbafrank on Planet Live. Three trading days after the listing have passed, come! Let’s see how accurate it was 😆 ——
At that time, Frank said:
▫️IPO issue price $135, unlikely to break below▫️Passive funds expected to flow in after listing, will trigger a rally▫️The key window is before the first unlock in July, after that, be more cautious
Now?
▪️First day closing up about 19%, closing around $161▪️Highest reached $225 within three trading days, latest fluctuating in the $200–205 range▪️Market cap briefly surged above about $2.6 trillion, temporarily surpassing Amazon and approaching Microsoft▪️Also announced plans to acquire AI programming tool Cursor with $60 billion in all-stock transaction
Basically all correct ✅
But Frank also said—The more unlocking, the more cautious you should be. The true long-term buy point might be after full unlocking