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birb_cromble  3d ago (text post)   646 thread views

Weekly Finance Thread - 2026-06-13

A weekly thread to discuss financial matters - from personal all the way up to global.

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I got allocated 12 shares of SPCX at its IPO price of $135. How is participating in an IPO not a total cheat code? It seems like the likelihood of profit when buying at the IPO price is quite high. I googled for counterexamples and only got discussion of Facebook and Uber.

I should calm down though. I only got 12 of the requested 100. Retail participation is usually quite low for offerings.

I don't want to flip these immediately and cause my broker to deprioritize me in future IPOs (Anthropic later this year maybe). After 30 days, how long would you hang onto these shares if you were I? Do you own any SPCX yourself?

I got allocated 1/100 requested (probably due to me getting my request in late) but picked up the rest shortly after open. I wouldn't normally do that but (1) I'm a space enthusiast so I am bullish on space and just like owning it (2) I'm bullish on SpaceX specifically, who underdelivers in the short term but overdelivers long term, and (3) I don't have any other significant AI plays at the moment, so this covers that base as well. I may end up using the 100 shares for covered calls, haven't decided yet.

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