WSB Is Obsessed With the SpaceX IPO and Reddit's 'SPCX or Bust' Energy Is Giving 2021 Vibes
Friday's 4.8% Nasdaq drop has Reddit communities split between 'generational buying opportunity' and 'we're so cooked' — here's what the data actually says
Ticker Ratings
Friday's market selloff — Nasdaq -4.8%, S&P 500 -2.9% — has Reddit investing communities in full chaos mode. The usual suspects are clashing: WSB permabulls are screaming 'buy the dip' on AI infrastructure plays, while the doomer contingent is posting Jeremiah Babe clips about oil hitting $150/barrel and strategic reserves running dry by mid-June. Both camps have a point, which is the most annoying possible outcome.
The real Reddit obsession right now? The SpaceX IPO at a $1.75 trillion valuation — potentially the largest in human history. The catch: SpaceX lost $5 billion last year. Reddit doesn't care. Nasdaq's new 'fast entry rule' (15 trading days to index inclusion, down from 3 months) means index funds must buy at debut, creating a mechanical bid that WSB is treating like a cheat code. High-upvote DD threads are already mapping the index-forced buying cascade.
Meanwhile, $UAL CEO Scott Kirby is out here planning for $90–$110 oil indefinitely and calling this summer a 'record season' — and somehow that's the most bullish thing said all week. Reddit's bears built their bunkers; the airlines built pricing power instead.