Member Info for Strike123

It is just insane that he is now worth $1.4 Trillion!

Just imagine the number of zeros in that Trillion!

xAI was the big loss making one but now with Cursor deal it could minimise that loss or even turn AI business into profit!

If OpenAI and Anthropic are worth $1T then xAI could be more or less worth the same and then add in Space business and datacenter business SpaceX is easily worth $2T

Issue of shares but $60bn is peanuts when it is valued over $2000bn!

Sold one tranche at 202.55$ but could be a wrong decision!

In my opinion $225 is the top for the foreseeable future.

But I don’t know how Nasdaq inclusion will impact the price.

Some say front loading happens before it gets included in Nasdaq and because of the front loading there would not be much change to the share price after inclusion but I don’t know how that front loading works.

I always look at the market cap and today it has almost overtaken Microsoft and Amazon in just few days of trading, which I think is a sell signal. Setting a stop loss at $200 in few of my other accounts.

Let’s see where it ends by Friday GLA

Wow! Great day for SpaceX! As I expected it has gone up but did not expect to touch $190!!! Tomorrow could be another sharp spike and then could descend sometime this week but just don’t know if it will descend at elevator speed! There will be still plenty of buying next few days. GL

I'm still holding SPCX. Should have sold it at $174 but I think it could go up further before it eventually comes down.

I saw Bloomberg coverage of Spacex on Friday and many were saying that it is overpriced. I think Ross Gerber staunch supporter of TESLA intends to hold his SpaceX shares but will likely sell at least half of his position once the public trading dust settles, advising his clients and advised employees to do the same.

Despite it being overpriced, we can see how TESLA has been doing since many years! Many analysts were saying TESLA is overpriced and it is still but it is a 1Trillion company compared to other car manufacturers!

SpaceX will balloon to 3-4T in 5years time easily considering now 1Trillion market cap is not raising eyebrows as long as the companies have the potential to grow and we know the potential with SpaceX!

Thing is that NASDAQ funds are going to buy in 15 days time and there is still a strong demand from retail investors all over the world.

The price would come down only by shorting it and I don't think anyone would risk it now in this first few days of trading as there are many that couldn't get full allocation in the IPO so any slide in price would be quickly bought.

With Trump Iran news about the SoH opening, all markets will fly on Monday so does SpaceX to new $175 and higher.

I will definitely sell short term and will buy again when it comes down to the IPO price or below.

I got nearly 133 shares allocated from IPO although these shares are spread in different accounts ISA, SIPP and JISA.

Re twitter X post, I kind of not agree all of it.

First of all, the shares pre-IPO shares are locked. Atleast Elon has to wait for a year before he can sell even a single one.

May be the employees that hold the pre-IPO shares may not have such restriction or may be they are but their shares are miniscule to effect the share price even if the employees sell.

ETFs and Trusts that hold the shares also have a lock in period for atleast few months if not days from today.

So it is delusional to think that selling the shares to the retail investors and banking profit IMO

The free float is circa 550M shares which is very small for a company like SpaceX.

The shares sold by the insiders could add to the pool after the lock-in period expires but until then SpaceX share price could continue rising.

Remember there is a NASDAQ inclusion of SpaceX in 15 days will have funds buying in billions worth of SpaceX shares!

I think stop losses are kicking off by the end of the day

I did not get full allocation either...I got 133 shares allocated for SpaceX

Bloomberg says shadow market shows it already popped 35% from the IPO price of $135!

There will be a massive demand for the shares no doubt. I'm thinking to put more orders to buy SpaceX!

Sold some EZJ from JISA account to buy SpaceX! Rest of the accounts are nicely up with EZJ.

SpaceX is raising $75bn through IPO and it raised $20bn debt at just circa 4%.With $75bn cash from IPO, they are essentially debt free. Musk can raise another 20-30bn debt if needed in future and still left with net cash positive. All the orders that SpaceX places will massively benefit FTC. Tomorrow SpaceX will hit $2T easily. Massive demand for the shares and FTC should do well too! GLA

Yes, NASA holds 14Million shares in FTC!

The ETFs that have big holdings in FTC are -

NASA

Global X Space Tech ETF

JPMorgan UK Equity Core Active UCITS ETF

There are more I believe like VanEck(WARP) etc

FTC is part of several Space related ETFs!

Space ETFs is the new theme now. Lots of money is going to come into these ETFs which should help FTC propell further up!

Added at 315p

Thought I missed the rise from last week.

Back to 390p easily.

SpaceX trading on Friday should lift this to new high easily.

IPO deadline is tonight so anyone that thought missed the ipo has still a chance to apply. It is over subscribed multiple times which means it should open up much higher than fixed IPO price and that would lift FTC too.

Shares were "awarded" not purchased!

This is getting close to £1bn cap so the question is can it go beyond £1bn? The seller last week probably did not think it would. With few days to go for SpaceX ipo probably this will stay at these levels or go little above 400p. Depending on SpaceX IPO success this can do another 20% up or down. Add if there is a pullback before ipo. IMO

Any others in the space sector UK listed or US?

AI and Robotics ETF is a very good choice.

Also there are few like -

Space ETFs that includes SpaceX

Aerospace and Defence ETFs that includes RR

Semiconductor ETFs - buy the dip I think currently

Robotics based ETFs

Global Innovation ETFs like AIQ, ARKK

Look at the tech stocks that went down since last 2 days. Each one of them are down at least 10% and some by nearly 20% whereas the ETFs that hold these tech stocks are down by 5%. The fund managers who manage these ETFs seem to have pre-market access and they time their sell perfectly and bank the profits. If you are holding an invidiual stock then you will be massively down and also would you dare enough to plough in big amounts in an individual stock?

Take RR. This has been swinging from 1150-1300. Those who have time to trade have traded this multiple times for a 10% profit but how many could have done this? If you buy a Aerospace ETF or a Defence ETF that holds not only RR but many others then ETF could go up due to other stocks in the ETF and not just RR alone and you can confidently invest larger amounts like £100k?

I have not been investing in ETFs till now but I think it is time for me to change the strategy and invest big in ETFs and not stress when the markets go down as the active fund manger would take care of it. ETFs or Trusts, either of these are better I feel.

What do you think?

Amers, Morningstar says it is only valued around $900bn so almost half of the IPO price! But the tech stocks are overvalued so I think the opening price on June 12 could be far greater than IPO price and for few days it could just go up 10-20% due to the demand.

Hope you get your 700 shares allotted!

I sold the EZJ shares in JISA account for SpaceX IPO!

Just now applied for SpaceX IPO! Anyone applying?

Interactive Investor was crashing when subscribing to the SpaceX IPO. I guess there is too much demand for it!

Is the bounce due to the SpaceX IPO?

Anyone applying for SpaceX IPO?

I guess their next move decides the fate of BT SP.

They are now denied increasing the stake so it would be interested what Mittal would want to do. Is he just going to wait like rest of us for the SP to pick up? or will he cash in and move on to his next investment as he now understands that UK Govt denies him the takeover of BT.

May be a confirmation from Mittal that he still likes BT and would like to continue own BT would be a big vote of confidence on BT and can help move the price to 300p.

On quick google just now, I see following comments from Bharati group -

A Bharti spokesman had said ​the company ​is pleased ⁠with its current 24.95% shareholding and "currently has no plans to ​increase its stake."