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Chart Advisor: The people getting rich off SpaceX today aren’t the ones buying it

Posted June 15, 2026 at 2:45 am

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The people getting rich off SpaceX today aren’t the ones buying it

On Friday the biggest IPO in history hit the market.

SpaceX priced at $135 a share. It opened around $150. By midday it had run past $176, and the company was worth more than $2.2 trillion. Elon Musk became the world’s first trillionaire before the day was out.

The headlines are all asking the same question: who is going to buy all that stock?

I think that’s the wrong question.

The better one, the one almost nobody is asking, is this. The people who sold into that $75 billion deal just walked away with $75 billion in cash. Where does that money go next?

Some of it buys homes and boats. Most of it goes right back into the market, hunting the next big move. 

And history is very clear about one thing: the people who get rich off a mega-IPO are almost never the ones buying shares at the open.

Look at what already happened this year.

CoreWeave went public in March 2025 at $40 a share while the whole market was talking about AI. 

It ran to $183, more than four times its price, in under three months. Then the smart money started selling. By the time the lockup expired in August, insiders dumped $7.8 billion into a market that was already cracking. The stock fell 65% from its peak. 

The crowd that bought the headline rode it all the way down.

Klarna did the same thing in September. 

Biggest fintech IPO of the year, a first-day pop, then six straight months of bleeding. By March 2026 it traded about 65% below its IPO price.

Same story, twice in a year. The crowd chases the famous name. The money moves somewhere else.

Where does it move? 

Into the smaller names that don’t have an insider clock ticking. You can already see it starting. 

In the run-up to the listing, EchoStar, which owns a stake in SpaceX, jumped 11% on options volume that was more than 11 times its normal level. AST SpaceMobile jumped 12% the same day. The rotation isn’t a theory. 

It’s already showing up on the tape.

This is exactly the kind of moment Steve Strazza built his strategy around.

Steve is Chief Market Strategist at All Star Charts. 

He learned how big money really moves the hard way, working as a derivatives audit specialist on Steve Cohen’s SAC Capital account, reading the books, sitting in on the risk meetings. 

The lesson that stuck with him: the pros use options because the risk is defined. You decide what you are willing to lose the moment you click buy.

He turned that into one repeatable setup he calls the Big Money Trade. Small bet, defined risk, a few weeks, a shot at a very large win. 

Since he started sharing it publicly in 2024, he’s sent more than 373 of them, around 15 to 20 a month.

On Wednesday, June 17 at 4:30 PM ET, he’s hosting a free training to walk through exactly how it works, and why he thinks the wave of cash coming out of this IPO sets up the best stretch he’s seen.

It’s free to attend. You just need to save your seat.

SAVE MY SEAT — Wednesday, June 17, 4:30 PM ET 

The crowd is busy buying the rocket. Steve is watching where the money lands.

Originally posted 12th June 2026

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