$SPCX what’s the likely scenario that may happen today? I believe
$SPCX exchange hands on first day should be more than 100%, meaning many traders will just hold less than a day to participate the volatility, so likely chance price may touch at least $180, even though this is an elephant in a room with more than 1.5T MC. After that really depends how long this hype can last today.
Next few days hype will eventually die off even though
$SPCX is in space industry and high entry barrier and it has Elon Musk Halo Effect, but it is still a company with losses. It will be similar to
$telsa early stage when share price was at low level. So for longer term play, it will be good to let the price drop and find support for next 6 month and with improving report showing lesser losses next few quarters before coming in with batches.