For those wondering:
I am not buying SpaceX.
I am not shorting SpaceX.
I am staying the F away.
Why? Because the “float” is so thin, it’s easy to manipulate the stock. (If you don’t know what that means, you are definitely in for a ride.)
I want no part of it.
SpaceX’s IPO offered a mere 4.3% float, leaving only a small fraction of shares tradable on Day One
One of the lowest free floats in IPO history $SPCX
For additional context
Google (2004 IPO): ~18% Facebook (2012 IPO): ~18% Alibaba (2014 IPO): ~15% Saudi Aramco (2019 IPO): 1.5%

















