SPCX: anyone else thinking short-term play on opening hype?
u/Dear-Homework1438 ·
Reddit — r/stocks
· June 09, 2026 at 22:20
· ⬆ 22 pts
· 💬 91 comments
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I think the $1.75T valuation is significantly overpriced long-term, but I'm not trying to hold it. Just ride the opening hype for a few hours on June 12.
My concern: unlike Tesla's IPO (40% day-one pop) or Alibaba (38%), this could play out more like Facebook. Priced to perfection, flat or dumps right at open. Anyone who buys at the open could already be catching the peak.
The opening price may already have the pop baked in, everyone with the same exit strategy sells at the same time, and being the largest IPO in history makes it harder to move.
Also wondering if it's even worth opening a Fidelity account just to get IPO access at the $135 offer price, vs just buying at market open on June 12 through my existing broker. Is the difference in entry price actually worth it given how uncertain the pop is?
For those who've traded IPO opens before: how early do you get in, and how do you set your exit? Limit order or market?