Amit Kukreja: SPCX wiped out $1 trillion IPO gains in one week

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Anastasiia Chabaniuk

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Amit Kukreja: SPCX wiped out $1 trillion IPO gains in one week — SPCX sees $1 trillion IPO reversal

Amit Kukreja, stock market analyst, noted SPCX experienced a dramatic round trip during its IPO hype, with $1 trillion in market value gained and then lost in just one week.

Kukreja observed that most of SPCX's float is still not available and questioned whether investors are buying at current levels.

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Kukreja has recently focused on a variety of market themes. In a draft, he selected twelve stocks to hold until June 2027, including NVDA, AMD, and GOOGL. He also noted Meta's global rollout of paid subscriptions under Meta One.

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