The current float for SPCX is approximately 5% of the total shares. It is a miniscule number which was released at an absolutely eye-watering $135 ipo, or about 77 times earnings… a valuation that forces even deliriously optimistic investors to raise their eyebrows into their hairlines. Ive seen the headlines. “SPCX bubble has burst!”, etc., but here is the thing… it hasn’t. Tomorrow the absolutely terrible earnings will be revealed after the bell with estimates ranging all over the place, but n
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