SpaceX goes public and the bulls aren't worried. They've done the math. The market absorbs new supply like a Costco absorbs a pallet of rotisserie chickens. Fast. Efficiently. Without anyone noticing the mechanism.
Wall Street says the IPO won't break anything because Wall Street has never met a supply problem it couldn't monetize into a demand solution. SpaceX stock hits the tape. Institutions carve it up. Retail gets the scraps at 2 p.m. when momentum already died. Everyone pretends this was always the plan.
But here's what comes next. That's the part keeping analysts up at night, refreshing their models, wondering if the music stops when Elon's rocket company trades like a f*cking utility. The concern isn't SpaceX. It's the parade behind it. Every unicorn CEO watching this deal price is now texting their banker asking what multiple they could get. The IPO pipeline goes from trickle to firehose. And the market that could absorb one SpaceX suddenly has to digest forty companies nobody's heard of, all priced like they invented gravity.
Investors aren't scared of the bull market breaking. They're scared it stays intact just long enough for them to buy the top of something called "Starlink Beverage Solutions" at eighteen times revenue.
Technical analysis says none of this matters. The chart doesn't care about supply. It cares about where the line goes. And right now the line goes up until it doesn't, which is when you'll read another headline explaining why Wall Street is concerned about what comes next. Same article. Different ticker. Your portfolio still red.
Photo by Sven Piper on Unsplash
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