SpaceX had an IPO. Investors bought shares. The financial press wants to know what comes next.
Here's what comes next: the same thing that always comes next. The stock goes up or it goes down. Retail traders check their apps every eleven seconds. CNBC fills six hours of airtime with people saying words like "momentum" and "technicals" while a guy in a Bloomberg terminal somewhere actually makes money.
The headline asks whether SpaceX can maintain early enthusiasm. Enthusiasm is not a business metric. Enthusiasm is what your cousin Derek had about NFTs. Derek now works at a carwash. Different kind of liquidity.
Rockets are impressive. Sending things to space costs billions of dollars. The company burns cash like it's trying to reach orbit itself. But sure, let's focus on whether day-traders stay excited for more than forty-eight hours. That's the real scientific breakthrough here.
The IPO happened. The stock exists. You can now own a piece of a company that launches satellites and builds starships while you sit on your couch refreshing Reddit threads about gamma squeezes. What an age we live in.
Investors will be watching what's ahead. They'll watch very carefully. They'll read analyst reports. They'll study charts. They'll draw lines on graphs like they're solving a murder. Then the stock will move based on something nobody predicted because markets are just expensive casinos where everyone pretends they found a system.
SpaceX makes rockets. You make bad decisions with your Robinhood account. These two facts are now connected. Congratulations on finding a new way to lose money that involves actual rocket science you don't understand instead of just regular companies you don't understand.
Photo by Sven Piper on Unsplash
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