$SPCE Meme > SpaceX IPO

On man what a couple of weeks we have in store in early June. The largest IPO in history, SpaceX, is now set to occur on Friday June 12th. As one can imagine with this type of event we will get a ton of excitement in the Space sector and likely get some massive volatility as well.

One such idea which took off on Friday, is the sympathy trade / people getting the ticker mixed up between SpaceX (Ticker Symbol: SPCX) and Virgin Galactic (Ticker Symbol: SPCE). This idea has been all over FinX and Reddit forums starting Thursday into Friday morning and ramped up over the weekend.

This one is likely a Squeeze / Trading vehicle for the next few weeks up to the actual SpaceX IPO. It will be a fun one to watch. I will give some color and ideas below on technical levels that you should be watching for a Meme / Sympathy Squeeze.