Space X plunges below IPO price? Sister Mumu supports it: It may become "the most important company in global history"
[SpaceX fell sharply below the IPO price? Sister Mumu supports it: It may become "the most important company in global history"! 】Although SpaceX’s stock price has fallen sharply below the IPO price, Wall Street star fund manager and head of Ark Investments Cathie Wood (Cathie Wood) still supports that this aerospace and satellite network pioneer company has the potential to become “the most important company in global history.”
Although SpaceX's stock price has fallen sharply below the IPO price, Cathie Wood, a star Wall Street fund manager and head of Ark Investments, still strongly believes that this aerospace and satellite network pioneer company has the potential to become "the most important company in global history." At the same time, Cathie Wood’s Ark Investment Management (Ark Invest) also purchased SpaceX shares through multiple ETFs on Wednesday, including ARK Innovation ETF (ARKK), ARK Autonomous Technology and Robotics ETF (BARKQ), ARK Next Generation Internet ETF (ARKW) and ARK Aerospace and Defense Innovation ETF (ARKX). It is reported that a total of 121,384 shares were purchased in this transaction. Based on SpaceX’s closing price of US$115.26 that day, the total investment was approximately US$14 million. SpaceX shares rose sharply in the first three days after listing, but then experienced a violent correction. Its stock price has now fallen about 49% from its peak to $115.26, which is about 15% lower than the IPO price of $135. On Wednesday, "Sister Mu Mu" explained in the latest interview, "The stock price has indeed fallen from the peak. But we think this company still has the potential to become the most important company in history, and I mean the most important company in global history." "Sister Mumu" pointed out that Starlink, space launch and orbital data centers will constitute huge opportunities. Starlink, as a global communication network, has about 70% of the satellites in orbit. Orbital data centers can reduce computing power costs and support the development of advanced AI models. SpaceX is already leasing its data center computing power to companies such as Anthropic and Google. She also said in an interview in May that she thought SpaceX would be "volatile" after going public, but she praised founder Elon Musk's "uncanny" ability to vertically integrate all of his companies, including Tesla, xAI and Neuralink. Meanwhile, short sellers have increased their short positions against the company to nearly a third of its publicly traded shares. According to estimates by financial analysis agency S3 Partners, approximately 206 million SpaceX shares are currently shorted, accounting for approximately 32% of the company's publicly traded shares, with a nominal short position size of approximately US$25 billion. This figure is up from about 185 million shares (29% of outstanding shares) last week and up from an estimate of 40 million shares (about 5% to 7% of outstanding shares) about a month ago. In response, Musk posted, "Institutions that have been shorting SpaceX for a long time have a very low probability of survival. I said that if we achieve our goals, the value of SpaceX will exceed the entire earth. There is no doubt about this." First Trust's research on the past 25 years shows that the long-term trend of most U.S. IPO targets is weak, with 59% of companies reporting negative returns within two years of listing, and the median return fell by 10.5%. For SpaceX, the research highlights the challenge of translating strong market enthusiasm into long-term financial performance. While the company has growth drivers like Starlink and launch services, investors will be focused on whether it can justify its premium valuation through continued execution.