Opinion: SpaceX Stock Will Initially Soar, but Its Smoke-and-Mirror Optics Won't Last Beyond 2 Months

SpaceX's $75 billion IPO on June 12, 2026 will initially benefit from relaxed index inclusion criteria and a historically low float that forces fund purchases. However, the article argues the stock will collapse by August when insiders begin selling shares under a staggered lockup period and disappointing financial results become apparent. The company's $1.77 trillion valuation represents a P/S ratio of 95, unsustainable for any long-term trend.