MIDLIFE MICRO[X]-19, Saturday, June 13, 2206 - Investing Long-term, and or, "Pump and Dump.”
This article by Jared Blikre, Yahoo Finance's "global markets and data editor” (1.), is well written, and a short and sweet history lesson on long-term investing.
Albeit not investment advice from me, here are several excerpts that I thought were the most notable takeaways, a CliffsNotes version of sorts, in the context of the SpaceX IPO yesterday, Friday, June 12, 2026.
That said, make sure you read the full article for contextual, and historical, details.
- “SpaceX (SPCX) may be one of the biggest and most important IPOs in Wall Street history. It still has to clear one of the oldest IPO problems: turning a decades-long growth story into a price investors can buy today” (1.).
- “When the Dutch East India Company — abbreviated VOC from its Dutch name — first traded in 1602, it helped create what became the Amsterdam Stock Exchange and gave investors exposure to global trade. But the stock took roughly three decades to double, a slow grind by modern market standards” (1.).
- "The Dutch East India Company was not just a paper promise. It was a real business tied to ships, trade routes, military power, government backing, and the opening of a massive commercial frontier" (1.).
- "That is why JC Parets, chartered market technician and founder of TrendLabs, recently argued that the better historical analog for SpaceX is not simply another hot tech IPO — it is VOC" (1.).
- "VOC sent spice fleets to Asia — a far cry from building data centers in space — but the market logic rhymes. VOC gave investors a way to buy into global trade without getting on a ship. SpaceX gives investors a way to buy into rockets, satellites, defense demand, Starlink, space infrastructure, and whatever the orbital economy becomes next" (1.).
- "[M]ost [IPOs] undercut their first-day low within three weeks, and most will trade down 10% or more within 10 weeks" (1.).
- "In other words, investors usually get another shot, and there's no reason to rush in on day one. In fact, history shows that big IPOs can arrive late in a hot trade, raising the risk that new market debuts lose steam in the subsequent six months" (1.).
- “None of this suggests SpaceX is merely hype. Its $19 billion in revenue is as real as the ships, spices, and trade routes that made the Dutch East India Company more than a story stock” (1.).
- “The lesson for investors is narrower. Real frontiers can still punish impatient entry points” (1.).
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Not to compare space technology to the news industry, and the Conservative segment within the news industry at that, but there is a lesson to be learned from the IPO, and hype, regarding Newsmax Inc. (NMAX).
Newsmax’s IPO launched Friday, April 28, 2025, at $10.00 per share, peaked as high as $265.00 per share in intraday trading on the following Tuesday, April 01, 2025, while closing about a year later at $8.19 Friday, June 12, 2026 (2.).
Does that mean that Newsmax as a company is a bad investment? Of course not, but it is certainly a great example that timing is everything when trading stocks. On that note, SPCX is going to have a volatile couple of weeks as Investors – sophisticated, and novice alike – are going to jump in, run the price up, then dump it for profits. So, the underlying price in which the company holds value is an unknown baseline from which long-term investing – and in relation to the price at which an Investor, buys, and holds – becomes profitable.
Like VOC, SpaceX is doing real things in an industry void in which we have a lot to learn, thus there is a lot of business potential for growth. So, post hype? A $130.00-$165.00 per share band is the likely medium value range, until SpaceX does something of substantive business significance within its industry, and in regards to outperforming its competitors … but what do I know?
We will see, and I repeat … well … quote, “The lesson for investors is narrower. Real frontiers can still punish impatient entry points” (1.).
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Investing Long-term, and or, "Pump and Dump."
- Matfucius
1.)
yahoo.com/finance/markets/ar…
2.)
ir.newsmax.com/stock-info/de…