$SPCX this IPO is on fire, with a valuation of 1.8 trillion and a scale of 75 billion, launching on June 12. But I won't be chasing the highs at the 2 trillion peak. I'll wait for the first wave of hype to burst and for the market to shake out before I build my position. Don't expect short-term profits; there's a forecasted loss of 49 billion in 2025, and the S&P 500 isn't even in the game, with passive funds missing out on the hundred billion buying spree. A 1.8 trillion valuation means a 90x sales multiple, way too pricey. In the early days of trading, it could even crash sectors like $RKLB and $ASTS . As for the new shares? Chinese investors are literally locked out, not even allowed to get in the car.