SpaceX (SPCX) closed its first day of trading up 19 percent.
The biggest IPO in market history is now public, and traders are already asking the same question:
What’s next for SPCX?
The hype was real, but Charlie Moon believes the more interesting story is just starting to unfold.
He recorded a breakdown, with his key takeaways on SpaceX’s first day of trading, what the stock’s next moves could look like, and where he believes the real opportunity could be forming in it.
The analysis, insights, and strategies shared by Prosper Trading Academy’s coaches in Prosper Insider are strictly for educational and informational purposes only. All content reflects the personal opinions of the coaches and should not be construed as specific investment advice or recommendations. Any examples discussed are illustrative in nature and do not represent actual live trade signals or instructions to buy or sell securities. Trading involves risk, and individuals should carefully evaluate their own financial situation before making investment decisions.
Charlie covers:
- Whether SPCX fits historic IPO patterns
- How the S&P 500 could drive up demand for the stock
- Why insider lock-up rules matter right now
- The key levels that could define near-term direction
- Why the first earnings report could be the biggest catalyst yet
