🚨 SPACEX IS THE BIGGEST IPO TRAP IN HISTORY And the numbers only confirm it. Most of the biggest IPOs of the last 15 years dumped after listing: Robinhood: -90% Lyft: -79% Twitter: -58% Facebook: -54% Rivian: -88% Uber: -68% Coinbase: -57% Palantir: -53% These were some of the most hyped companies on the market. Big brands. Big narratives. Big institutional backing. Still, the median max drawdown was around -50% within 1 year. Now look at SpaceX. Massive hype. Low float. Early investors sit on massive profits. That's the exact setup for price ≠ fundamentals. A great company can still be an awful IPO buy. Retail ignores that every time. By the time everyone is desperate to get in, they usually are the liquidity.(Rekt Fencer)