It's a little early to be so smug about the stock dropping after the IPO. If it went up, and kept going up, that would just mean they left money on the table.
Facebook dropped 40% in the first 2 months after its IPO, now it's up almost 2,000%.
It's been a month for SpaceX, I'm not sure what this guy is expecting to happen. The only correct answer to what's going to happen with SpaceX stock is, I don't know. That answer also applies to every other stock.
It was easy to imagine Amazon scaling to Walmart scale. Whether you believed they could execute or not is another matter.
Do you actually believe in orbital data centers, or that 15 starship launches to refuel one starship will ever happen? Or, on the topic of Elon's other bubble, do you believe Tesla will make 1 billion human eye robots? Ever?
Facebook dropped 40% in the first 2 months after its IPO, now it's up almost 2,000%.
It's been a month for SpaceX, I'm not sure what this guy is expecting to happen. The only correct answer to what's going to happen with SpaceX stock is, I don't know. That answer also applies to every other stock.