AAPL Crushed Earnings. Is It Too Late to Buy?
**SpaceX (SPCX) a month after the biggest IPO in history — is this a $2T rocket or a falling knife?**
Been chewing on this one since the IPO and figured I’d lay out both sides, because the bull/bear split is wild right now.
The setup: largest IPO ever, $1.77T valuation, popped 19% day one, Musk briefly a trillionaire on paper. Then reality it’s been drifting back toward the IPO price and the technicals have gone cold. Meanwhile short interest is sitting around 31% of float, which tells you the skeptics are loading up, not backing off.
Bull case: Nasdaq 100 inclusion forcing passive ETF inflows, Starlink revenue ramp, and a company that literally has no comp. Bear case: no earnings track record as a public co, priced for perfection, and a third of the float betting against it.