SpaceX sees 50 percent decline and $2 trillion narrative criticized, Joao Wedson argues

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SpaceX drop casts doubt on valuation

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Artem Shendetskii

4 hours ago

SpaceX sees 50 percent decline and $2 trillion narrative criticized, Joao Wedson argues — SpaceX drop casts doubt on valuation

Joao Wedson commented on the significant decline in SpaceX shares, which fell by 50 percent. He observed that despite the sharp drop, there are claims that the company is still valued at over $2 trillion.

He cautioned that many investors are influenced by narratives and aggressive marketing led by billionaires, rather than objective analysis.

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Wedson has recently highlighted downside risks in other asset classes. He warned that $1.4 billion in Bitcoin positions could face liquidation if prices fall to $53,500, as detailed in a recent report. Wedson has also observed that long-term Bitcoin holder supply is now 5.2 times greater than short-term, with short-term supply at 2016 lows, according to previous analysis.

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