Holding SpaceX Since The IPO? Why I’d Use The Strength To Sell

Walter Cicchetti/Shutterstock.com The SpaceX IPO lockup structure is unlike anything investors have seen before and the debut of SpaceX (NASDAQ: SPCX ) that we saw on June 12 made history for the whole market. The price for the share was $135 and it is officially the biggest IPO in history, raising around $75 billion and the valuation of the company was ~$1.8 trillion and right now market cap has crossed $2.9 trillion (June 16th). Shares closed Day One up 19% at $161.11 and the ATH was $225.64. For investors thinking beyond the first weeks of a bullish mood, it is very important to separate 3 things: What happened on the first day What’s going to happen in 6 months What this IPO tells us about the broader market coming in 2027 SpaceX stock price My point is that this is likely to go higher in the short term, as the index inclusion and oversubscription can fuel the whole company. But across the 2026 mega-IPO wave (especially in AI sector), looks like the market absorbing a huge amount of retail liquidity at the worst possible time for us. I'm bearish on the 12-18 month horizon, but have a specific window from late 2026 till early 2027 when I expect the setup to change into the correction phase. There is No Surprise with the Price Action The SpaceX IPO lockup aside, the deal was oversubscribed with around 2x, with ~$150 billion in orders and $75 billion in available shares, against a float of approximately 4%. The 19% pump on a 4% float with a big oversubscription is the supply and demand that we have an the artificially made asset. With a small amount of shares available in the market compared to demand, almost any price change on the first day of trading...