u/Verthverdi ·
Reddit — r/stocks
· June 11, 2026 at 04:31
· ⬆ 55 pts
· 💬 61 comments
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Summary
The post warns of a potential “bloodbath” on the listing day of a major Elon-linked tech/space IPO (likely xAI or SpaceX), noting pre-IPO futures have dropped ~$300B from $2.3T to $2T, while the official IPO aims for a $75B raise at a ~$1.75T valuation.
The author’s thesis is that cooling pre-IPO sentiment combined with weak tech/space names could turn the debut into a severe “buy the rumor, sell the news” event, despite high retail hype.
Quality: Speculation/opinion piece with anecdotal market timing, not robust data-driven DD.
Score55
Comments61
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The projected valuation in pre-IPO futures has already dropped by around $300B, from above $2.3T in late May to roughly $2T now. That’s a pretty big sentiment shift before the thing even lists.
The official IPO talk is still insane. Around $75B raise, something like a $1.75T valuation, huge retail demand, and of course Elon attached to the whole thing. But that’s also exactly why I’m nervous.
If even the pre-IPO futures market is cooling off while tech and space names are already weak, I’m not sure the first trading day will be the easy moon mission people expect. This could either rip because of hype, or turn into one of the ugliest “buy the rumor, sell the news” events of the year.