SpaceX just blasted up to 216 today, even hitting close to 230 during the session.

Honestly, what stands out to me isn’t that the "company suddenly got better," but rather:

Market sentiment has returned,
There's not much liquidity,
For a stock like SpaceX, once it starts climbing, the shorts and those missing out find it hard to keep their cool.

My observations are:

135 is the issuance/cost zone, a comfy spot,
190–200 is the first round of reasonable re-evaluation,
Above 216 we’re already seeing some hype,
225–230 is short-term resistance,
If it can hold above 230, we might see a continued short squeeze,
But if it drops below 205, we need to watch out for a sentiment pullback,
If it can’t hold 195–200, this chase for highs might start to unwind.

So, I’m not looking to chase long around 216, nor am I going to short it directly.

At this point for SpaceX, it’s not just about whether it’s “expensive” or not, but looking at:

Low float + IPO hype + Musk’s narrative + overall market risk appetite.

I want to ask everyone this:

Do you think SpaceX is currently in the first wave of a historical asset re-evaluation,
or is it a large emotional short squeeze created by low liquidity?
#spcx #SpaceX $SPCXB