For the prior 13 days, SpaceX was down 11 of them. After the long slog lower, SPCX is finally getting some buyers, but I suspect this is going to be as inconsequential as the bounce we saw on June 29/30.

What has dawned on folks is that getting into IPOs early is a losing bet, which is why the likes of Twenty-One Capital (XXI) has plunged to yet another lifetime low.

