Today is the day. The biggest IPO in history. But what happens next?
For the past week, every single day I’ve had people asking me if I think it’s gonna double on IPO day.
Wow.
Anything is possible. But assuming it opens at $135, the possibility of SpaceX (NASDAQ: SPCX) going to $270 today? The odds of that are astronomical.
But there are people who believe it will happen. Those are the people who NEVER make money in the stock market because they just think of it like a lottery.
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So, let’s start by lowering the temperature. Let’s get back to reality.
I don’t know exactly what’s going to happen today. And if anyone has told you they know, run away as fast as possible because you can’t really know.
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Now, let’s talk about the hype…
If you look at the market run over the last decade, and especially since 2024, it’s incredible.
But when we look at the sequence of events that has played out this year, I want you to get excited.
We have, in my opinion, the greatest technology in the history of Mankind. If you’ve been reading for any time, you know that I’m very bullish AI. I use it every single day.
To me, AI is like electricity. Could you move to a cabin in the woods with no electricity and stay forever?
Could I go back to a year ago and not have the advantages of AI, both personally and professionally? I could. But do I want to? No.
It’s game-changing technology.
One of the biggest bottlenecks to AI is datacenters. And Elon has been hyping space-based AI data centers for months.
Now, add in the PDT rule change, which is already sending the market into full irrational mode with traders piling back into the market. Get ready, my friend.
How to Know if the SpaceX IPO Is Successful
It’s really very simple. To me, the definition of a successful IPO is that it closes at or around the high of day. So, if SPCX is anywhere near the high of day today at 4:00 p.m. ET, it’s a success.
Assuming it IS successful, what next?
My Take
First, I believe that long-term this IPO is going to be successful. It might get shaky for a while, but I think it will be a success.
Get ready, because I think it is going to ignite a mania that will make the dot-com boom look like a blip. The COVID market will look like a blip.
We are going to go on a run that I seriously believe, 20-30 years from now, we will still be talking about. We’ll look back and say “remember 2026, 2027, and 2028?”
The key is to trade like a professional, okay? Approach trading like a professional, not a lottery. Start by registering for my mentor’s Millionaire Formula Conference. (It’s free.)
Watchlist
All eyes will be on Space Exploration Technologies (NASDAQ: SPCX) today, so I thought I’d give you this chart for posterity.
Whatever happens today, it’s unlikely that you’ll ever see this again…
SPCX, pre-IPO, what happens next?
- Elon’s technical update on SpaceX’s AI satellite capabilities
- How much is a trillion, anyway?
- Solar leads coal for the first time. Truth is, we need all the energy we can get.
- Finally, I’ve never seen a countdown timer for an IPO. If you click that link and it takes you to the SPCX chart, it’s already begun. This is next level IPO hype…
Source: yahoo!finance