Yesterday, 06:40 AM
It is becoming a short-sellers dream.
Anyway, it shall not be good for long term it is obvious. It is valued 4x times minimum even now when it is cooling around $131. And yes in the next couple of months when majority of the shares will be made public prices will fall even more.
It is a balloon after all. I don't know what people keep believing in Elon anyway he don't innovate, he do not invent he just repackages everything and sell it in his name. Just like Paypal.
Starlink can be profitable but still it has to compete with competitors outside US.
Anyway, it shall not be good for long term it is obvious. It is valued 4x times minimum even now when it is cooling around $131. And yes in the next couple of months when majority of the shares will be made public prices will fall even more.
It is a balloon after all. I don't know what people keep believing in Elon anyway he don't innovate, he do not invent he just repackages everything and sell it in his name. Just like Paypal.
Starlink can be profitable but still it has to compete with competitors outside US.
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