đ SPCX Bull Case
The path for SPCX is definitively up:
- Day 1: Opens +10% to +30%. The deal is heavily oversubscribed. With a tight 4% free float, supply scarcity will spark an immediate opening pop over $135.
- Strategy: Buying Day One. Waiting means missing immediate index catalysts. Fast-tracked MSCI inclusion on June 13 makes global passive funds forced buyers, protecting your downside.
- 1-Year View: Above $135. Near-term xAI capex is heavy, but Starlink anchors the valuation with highly profitable recurring revenue (10.3M subscribers at a 63% EBITDA margin).
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