$SPCX: Why I'm Waiting for the $80–90 Buy Zone
Many investors are calling $SpaceX(SPCX)$ one of the best potential 10x–20x opportunities under $100.
But that doesn't mean I'm buying today.
I'd rather wait for $80–90 before starting a position.
The reason is simple: supply.
Beginning August 6, insider lockups start expiring, with additional tranches continuing through December. That's a significant amount of new stock entering the market, on top of a share price that's already fallen below its $135 IPO price.
Then comes another major catalyst—its first earnings report.
There's no need to rush.
Many investors still think of $SPCX as just a space company, but today's business is much broader. It now operates across Space, Connectivity, and AI, following the integration of xAI, Grok, and AI infrastructure into the company.
The long-term opportunity may be bigger than rockets.
As AI scales, the industry's biggest constraint is shifting from GPUs to power, land, and cooling. Those resources are becoming increasingly scarce as hyperscalers compete to build ever-larger AI clusters.
SpaceX's long-term vision is different.
Its Starmind initiative aims to place AI processors and solar-powered compute directly in orbit, using continuous solar energy and the vacuum of space for cooling. The company has proposed a satellite network capable of dramatically expanding AI compute capacity over time, with an initial prototype targeted for 2027.
Morgan Stanley has argued that a significant pullback would imply the market is assigning little value to SpaceX's AI business.
That's why I'm not chasing $114.
If the lockup-driven selling pushes shares into the $80–90 range, that's where I'd be interested in accumulating for a multi-year investment, not a short-term trade.
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