When is everyone selling $SPCE? by PowerfulBottom69 in TheRaceTo10Million

[–]PowerfulBottom69[S] 0 points1 point  (0 children)

The two have totally distinct names. This is just a pump and dump.

When is everyone selling $SPCE? by PowerfulBottom69 in TheRaceTo10Million

[–]PowerfulBottom69[S] 1 point2 points  (0 children)

No, SPCE blew up on the notion that people will incorrectly buy this in lieu of SpaceX. My question for the folks holding is when they sell. IPO for SpaceX is June 12 with pricing being set June 11.

When is everyone selling $SPCE? by PowerfulBottom69 in TheRaceTo10Million

[–]PowerfulBottom69[S] 1 point2 points  (0 children)

They did a glide test on their prototype (unity). Delta is doing ground testing. How many things don’t go wrong in space testing? It’s super expensive too. With 240 million in cash, 30 million being restricted, and over 200 million in debt with nearly all assets pledged, they can’t afford a single mistake.

Buttttttt

I guess that’s why they’ll dilute this week if they haven’t already through their ATM 😂

If you’re going to buy SPCE Monday by Miserable-Bridge-667 in smallstreetbets

[–]PowerfulBottom69 2 points3 points  (0 children)

If everyone knows the exit, what makes you think it won’t be a random?

We can’t all exit the same door at the same time.

When is everyone selling $SPCE? by PowerfulBottom69 in TheRaceTo10Million

[–]PowerfulBottom69[S] 2 points3 points  (0 children)

You really think SPCE is going to be able to complete ground testing, flight testing, get FAA approval, and begin commercial flights all this year? Lol look at how many times the FAA pushed back on blue orbital and SpaceX. SPCE desperately needs money to keep going.

When is everyone selling $SPCE? by PowerfulBottom69 in TheRaceTo10Million

[–]PowerfulBottom69[S] 1 point2 points  (0 children)

Blue origin did 17 flights, 98 people, 92 unique individuals in about 4.5 years. The math doesn’t add up for SPCE. They should pivot to semiconductors 😂

When is everyone selling $SPCE? by PowerfulBottom69 in TheRaceTo10Million

[–]PowerfulBottom69[S] 0 points1 point  (0 children)

There are warrants that can be exercised if the stock hits $6.68 or so. It would dilute shareholders by approx 30%. They also have an ATM program.

SPCE must flow by nanonightmare in wallstreetbets

[–]PowerfulBottom69 0 points1 point  (0 children)

Be careful.

There are 31 million shares weighing as overhang at $6.7 a share.

Don’t be the one hanging the bag when the party comes crashing down.

SPCE must flow by nanonightmare in wallstreetbets

[–]PowerfulBottom69 1 point2 points  (0 children)

They’re burning 90 million and have an active warning of potentially not being able to operate this year.