What do you think about SPCX?

[Oshosondy]

It was launched at this prices:

IPO price: $135 pershare
Opening trade: about $150 per share
First-day high: around $161.75 per share

Let us leave that, know that I am now referring to its tokenized ones.

It rose to $228 and now at $126.
What a great fall.


The coin still worth holding? It is not even below its IPO price.

[OmegaStarScream]

Am I the only one who cannot make sense of the price and think it's overvalued and hyped? I mean the company has been reporting nothing but net losses the last couple of years?

And with the launch of Amazon Leo (Amazon's satellite internet provider) I can only see the price going down further, because that would obviously compete with StarLink's/SpaceX and influence their current growth and cashflow.

[asriloni]

If your intention is to gambling for the future, it's worthy to holding this one. However, if your intention to chase the dividend, you will get nothing other than the lose.

For me, this spcx sounds overvalued because me as a retail who is prefer to get a dividend based stock, spcx is a terrible choice. It's because it will put all of revenue back to their rnd. So it's only good for those who believe about the future of company.

Basically, valuing a company that gambling with its rnd in trillion market cap makes no sense.

[_act_]

Am I the only one who cannot make sense of the price and think it's overvalued and hyped? I mean the company has been reporting nothing but net losses the last couple of years?

And with the launch of Amazon Leo (Amazon's satellite internet provider) I can only see the price going down further, because that would obviously compete with StarLink's/SpaceX and influence their current growth and cashflow.

I have just browsed about what you posted, I do not know that that Starlink is part of SpaceX Project. Recently both China and Russia are showing concern about Starlink. Russia specifically do not like how Starlink is providing internet for Ukraine. It is very possible that their recent political threat caused the price to fall further recently.

[Ayers]

It was launched at this prices:
IPO price: $135 pershare
Opening trade: about $150 per share
First-day high: around $161.75 per share
Let us leave that, know that I am now referring to its tokenized ones.
It rose to $228 and now at $126.
What a great fall.
The coin still worth holding? It is not even below its IPO price.

Am I the only one who cannot make sense of the price and think it's overvalued and hyped? I mean the company has been reporting nothing but net losses the last couple of years?
And with the launch of Amazon Leo (Amazon's satellite internet provider) I can only see the price going down further, because that would obviously compete with StarLink's/SpaceX and influence their current growth and cashflow.

But I also think the market got a little too carried away. When price of a product drops 40% or more from its peak, it does not automatically mean that it is cheap. In fact main question here is, is the company's valuation consistent with its fundamentals? SpaceX is still spending heavily on their Starship, AI and business expansion, as a result of which they are showing large losses. In this situation investor are mainly betting on future prospects of the company, not current earning trajectory.

While Starlink currently plays major role in market, strong competition from a large company like Amazon could put significant pressure on pricing and profit margin over time. This is a really big risk especially since Starlink is currently SpaceX's main source of revenue.

[o48o]

Am I the only one who cannot make sense of the price and think it's overvalued and hyped? I mean the company has been reporting nothing but net losses the last couple of years?

And with the launch of Amazon Leo (Amazon's satellite internet provider) I can only see the price going down further, because that would obviously compete with StarLink's/SpaceX and influence their current growth and cashflow.

You are not alone. Overvalued tech companies based on speculation and pich people pumping each other is a thing now.

I mean technically they could make profit in few years, but that's based on their plan on hooking people and whole countries to be dependent on their services. And if that happens, they have the monopoly over critical software and they could charge what they want. That's not good news for anyone but those companies. But for now they are enjoying subsidies, which somehow isn't a form of socialism in the eyes of their fans.

And boy, when this bubble bursts, next to it subprime mortgage crisis of 2008 will look like nothing. Weirdest thing is that like housing crisis, it will hurts everyone but those companies, as those will be bailed out or use some theoretical value as collateral to cash themselves out. People who will end up paying all of this are the working class.

[Josefjix]

Let us leave that, know that I am now referring to its tokenized ones.

It rose to $228 and now at $126.
What a great fall.
The coin still worth holding? It is not even below its IPO price.

Doesn't matter whether stock or tokenized asset, because 1 SPCX=1SPCXX on bybit.

What kept me wondering about the heavy decrease in the price is that, what happen to starklink and other spaceX products, aren't they in demand? Or was it just a hype. It's really joking if Elon would lunch a stock asset where the demand on the product is so low.

It's certain that demand and supply affects the price of an asset isn't it? Then why Elon product be so low to the point there is less demand, it's not appropriate and needs to be questioned.

[jossiel]

The coin still worth holding? It is not even below its IPO price.

It will continue to drop some more.

I guess those who have bought during the IPO and didn't sold will have no choice but to wait and if you're not going to use your money yet. It will be stuck there.

But if you decide to cut loss then do it. As for stocks like this, it's a long game. Maybe a couple of years of worth holding and you'd see some skyrocket.

[MAAManda]

The coin still worth holding? It is not even below its IPO price.

I was late to hear about SPCX being tokenized into $SPCXB, it traded on Binance & generated significant hype, allowing early buyers to make a good profit, including @AakZaki, one of our users from Indonesia. In the current condition, I personally don't think SPCX is worth holding, given that the hype has died down. What’s your take on this @AakZaki, any insights?

[Orpichukwu]

I already had this idea that those rushing in to buy both the tokenised SPCX and the share itself are going to buy into hype and not value. Now the market has settled down to the real price; if you are asking about holding for long, it will depend on how long you are willing to hold. As long as SpaceX as a company still exists and they are still building, there is a chance it can gain more value in the future, but how long is what we can’t tell.

[Abiky]

It was launched at this prices:

IPO price: $135 pershare
Opening trade: about $150 per share
First-day high: around $161.75 per share

Let us leave that, know that I am now referring to its tokenized ones.

It rose to $228 and now at $126.
What a great fall.


The coin still worth holding? It is not even below its IPO price.

What about it? Isn't it overhyped? I mean, Elon coming up with promises he can't keep. Like conquering Mars or even setting an AI data center in space. Totally unrealistic ambitions. Want to know who got richer after the launch of the SPCX IPO? None other than Elon Musk himself. Even his employees got rich. Early investors or those who brought at pre-IPO prices got lucky, too. But the rest? They got duped real hard.

Honestly, I wouldn't consider holding SPCX for the long-term. But to each, their own. To clarify, SPCX is NOT a coin, but rather a stock. I mean, why is it being discussed in a crypto forum? Specifically, a Bitcoin forum? We're better off holding decentralized cryptocurrencies than just shares on a company subject to failure. The decision is ultimately yours.

[TastyChillySauce00]

SPCX is a cool stock to hold but despite growing revenue their capital expenditure is very big, their revenue also mainly comes from Starlink and the Starlink division subsidizes their other two division which is Space Unit and AI Unit.
P/S ratio also significantly higher than other company, it's sitting at 90x P/S while other are probably at 5x. It's only worth holding if you think Elon Musk could turn around other division to be profitable, otherwise I don't think it's worth it.

[Charles-Tim]

What kept me wondering about the heavy decrease in the price is that, what happen to starklink and other spaceX products, aren't they in demand? Or was it just a hype. It's really joking if Elon would lunch a stock asset where the demand on the product is so low.

It's certain that demand and supply affects the price of an asset isn't it? Then why Elon product be so low to the point there is less demand, it's not appropriate and needs to be questioned.

Starlink and other SpaceX products are in demand, but SPCX price was overvalued which caused the price to fall the way it fell. Even as it fell, its marketcap is still $1.633 trillion.

A stock that was launched recently that have such a huge marketcap when it is at $126, you see how over value it was when it rose to 228.

But no matter what, the marketcap will grow with other United States stocks as usual.