SPCX still looks too pricey after its post-IPO pullback. IPO hype pushed it to 150x 2026 EV/EBITDA, and the pullback has only brought that down to 130x. By comparison, Nvidia trades at 21x next-twelve-month EPS for 88% expected growth in FY27, a 0.25x PEG. x.com 

Raymond James' $800 price target on SpaceX looks lofty, since it would imply a $10 trillion market cap. x.com 

SpaceX has broken out above its prior $150 resistance zone and is continuing higher as whale accumulation surges to 85.18%. The earlier volatility hole and descending ribbon marked the cycle bottom amid retail fear. Momentum bars at $147, $151 and $161 should act as support, with resistance at $176 and $190. x.com 

SpaceX remains well above the range for building a serious long-term position, even though it will eventually be a stock long-term investors wish they had owned earlier. Young IPOs need time for price discovery, and the price paid still matters despite strong fundamentals: revenue up 92%, Starlink subscribers up 101%, AI revenue up 248%, adjusted EBITDA up 191% and about $100B of cash and securities. x.com 

SpaceX's public shares face a wave of supply, with roughly 95% of the company still locked up after the stock broke $135. Between now and December the tradeable float multiplies 8-10x, so patience pays. x.com 

With 208 million SpaceX shares sold short, it is a good day to remind everyone of the bullish case. x.com 

SpaceX's capital-intensive super-intelligence business makes its $2 trillion valuation hard to justify. At a reported 6% SI margin, even doubling that margin would require roughly $1 trillion in annual revenue to make the math work, about 18 times current quarterly revenue annualized. The extraordinary outcome is already priced in. x.com  x.com  x.com  x.com  x.com  x.com 

SpaceX shares will probably drop into the $60s after the lockup expires, so now is not the right time to get involved. x.com  x.com 

SpaceX shares did not implode when the first lockup period ended, which supports staying bullish and ignoring the media telling investors what to do, though the call could still prove wrong. x.com  x.com 

SpaceX's stock is the most egregious case yet of retail investors being manipulated into serving as exit liquidity for Wall Street. Its fall was expected by everyone, even if the timing was not. x.com