What's the RWA version?
The xStocks or any RWA issuer tokenized version pegged to the real thing so I can hold the stock on chain and trades it without the need to move my money over stock app and get taxed on the process.
I don't think anybody doubted SpaceX because they have many businesses that could do really well like Starlink etc. It was just the market pricing in those unlocks given the amount of unrealized gains that those investors with locked tokens were sitting on. So everybody just considered that a premium price to buy from and just sold from there. I think people later looked at it at 100 - 106 price range and thought:
This is cheap af. In the future, it would be 150 or higher
And then just started bidding the lows. Let's not forget if they do merge with Tesla, SpaceX will just be top 2 company in the world.
Wholly agree, those guys who able to secure private purchases are buying at sub $100 range, some even got it at sub $50 range and they are basically taking profit. The employees and C-levels are also getting RSU at grant-date fair value of $54,84 according to
https://www.indmoney.com/blog/us-stocks/spacex-share-unlock-spcx-stock but we the retailers can only secure at much higher price. After the sell off ended which maybe right now, we might be looking at pico bottom and the bounce looks strong.
