SpaceX SPCX has dropped to 154, now below its IPO day closing price of 160, pretty much following the script I mentioned earlier: First, a massive pump, then a peak and pullback within 5-10 days, followed by heavy turnover in 10-15 days. But this drop was totally expected. Just look at what Musk has been up to over the past 10 days: 1) On SpaceX's first full trading day, it surged nearly 20%. Wall Street and investors were satisfied. 2) On the third day after SpaceX's IPO, its market cap approached $3 trillion, and they splurged $60 billion to acquire Cursor, doubling down on AI. Retail investors and Silicon Valley were happy, and it also stabilized the ecosystem index. 3) SpaceX plans to issue another $20 billion in bonds. With interest rates relatively low, their cash reserves could exceed $100 billion. Even the U.S. Treasury is satisfied. Everyone’s happy, so some profit-taking at this stage is totally normal! Now is just the beginning of returning to a rational investment range. So, any good trading tips at this point?