No. of Recommendations: 1
" SpaceX is many things, but one of them is the world's biggest meme stock. So "up" is certainly possible."
The offering was 555 million shs. With the green shoe let's say 625 million shs in the current float.
The first day the reported volume was 500 million shs. Assuming double counting on the volume over 200 million IPO shs were sold day one.
WHO didn't stick to the agreement to not flip it? Retail only had 100 million shs so it wasn't them.
In the short term, the fundamentals of the businesses are totally irrelevant barring a, catastrophe.
From what Ive heard and read; Nasdaq 100 type funds MUST buy about 200 million shs in the next 20 days or so regardless of price.
Do the math.
