[RE]

247WALLST.COM 2026-06-22

SpaceX Is Already Pulling Back From Its High. History Says That Is Not a Good Sign

SpaceX surged 19% on its IPO debut, but mega-IPOs over $50 billion have historically delivered a median one-year return of -31.9%.

Trading at over 100 times trailing revenue while reporting a $4.9 billion net loss in 2025, SpaceX's valuation demands near-flawless execution.  SpaceX's accelerated lockup structure allows insider selling sooner than the traditional 180-day window, adding share-supply pressure to an already-stretched valuation.

A MEDIAN return of -32% for mega IPOs.  lol.  If SpaceX even comes in at -50% this year and investors only lose half their money they will be lucky.  If they have a buy & hold strategy, maybe they'll break even in 10 years.

This IPO had LOSER written all over it from the get go.

At roughly $2.4 trillion, investors are paying more than 100 times trailing revenue. That's a valuation that assumes years of near-flawless execution across rockets, satellites, and artificial intelligence.

100X revenue with PERFECT execution over at least a decade?  When has Elon ever had perfect execution and met the targets he set at the beginning?  When and if anything he promises actually comes and works, it's still at least 5 years behind schedule.  Still waiting for those self-driving carz. But of course it never has to turn a profit, just keep splitting the stock and dragging in more investors and building more factories and the stock keeps going up.  Maybe he'll pull it off again with SpaceX, the market can remain irrational longer than anyone can stay solvent.  Such is the game of Casino Capitalism.

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[K-Dog]

CNBC.COM 2026-06-22

SpaceX stock falls 15%, pacing for third-straight day of losses after red-hot IPO start

SpaceX stock tumbled on Monday, on track for its third-straight day of losses.

[RE]

CNBC.COM 2026-06-22

U.S. waives Iran sanctions; rotation out of megacap techs

U.S. allows temporary Iran oil sales. Big techs tumble. SpaceX’s gravity-defying rally loses altitude. U.K. leadership path clears for Burnham. Former Fed chair Alan Greenspan dies. World Economic Forum’s ‘Summer Davos’ kicks off in Dalian, China.

Lively day in Collapse!  In addition to the above highlights

Hello, this is Gail Krishnan writing to you from Singapore. Welcome to today's edition of CNBC's Daily Open.

On Wall Street, a rotation out of big tech dragged the S&P and Nasdaq lower. That offset more encouraging newsflow on Iran as the U.S. agreed to waive Iranian oil sanctions for 60 days.

Meanwhile, 10 Downing Street will soon get a new occupant, for the seventh time in 10 years.

Japan has long held the dubious honor of a revolving door of prime ministers. But on the 10th anniversary of Brexit, Britain is finding itself in increasingly familiar territory.

Another UK PM bites the dust! Now they can hold a referendum to Un-Brexit!

Iran is now officially ahhead of where they were before the war.  Chump has lifted the sanctions and they can sell their oil.

Elon already took out a $20B UNSECURED bridge loan to keep SpaceX floating.  Can't he just cover that out of his Petty Cash?  Oh, right, OPM.

RE