'No One Is Buying SPCX On Fundamentals': Reddit's Playbook For The SpaceX Stock Mania

SpaceX's IPO debut has driven massive retail investor speculation despite fundamental concerns. Reddit traders are openly acknowledging they're buying on hype rather than valuation, with Morningstar valuing the company at $780 billion versus its $1.77 trillion IPO price. The stock has gained roughly $800 billion in market cap in two trading days, driven by sentiment and psychology rather than financial metrics, mirroring the Tesla trading phenomenon.