Author bought a small SPCE share position after a ~40% crash on a $30.5M redemption announcement, believing the selloff is overdone and the hype cycle isn't finished.
SPCE — LONG The author bought a small SPCE share position at $5.40, arguing the ~40% crash from a mere $30.5 million redemption plan is disproportionate to the market cap lost. He believes the Reddit hype cycle is not over and may average down tomorrow, while acknowledging he is buying into hype and keeping the position small. Main stated risk is that the pump is finished and he is buying into a hype cycle.
I find it insane that the stock crashed this hard off a dilution that small, considering the total market cap loss from today's sell off
This Reddit post, published June 02, 2026, features u/Nice-Frosting8642 discussing SPCE. 1 trade idea extracted by AI with direction and confidence scoring.
Speakers: u/Nice-Frosting8642 · Tickers: SPCE