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$SPCX : Great Company. Wrong Price. 📉 After-hours bid is sitting at $107.77. On Monday, Aug 3, we open on the edge of the $107.01 historical low. The Bull Case: Morgan Stanley & 27 analysts target $250–$300. Starlink growing 50% YoY, launch dominance, $23.7B cash pile, and Nasdaq-100 passive demand. The Bear Case: Annual cash burn of -$9.4B at a 76 P/S multiple. Q2 earnings in 4 days (expected loss). In 6 days, a $98B share unlock floods a tiny 5% float. Shorts aren't covering; price is below IPO and in freefall. My Position: The market is voting with its feet—volume has halved as buyers vanish. If $107.01 breaks before the Aug 4 earnings report, $100 comes fast. If earnings miss (-$0.25 EPS expected) with weak guidance, $85 becomes reality. SpaceX is a generational company, but at $108 it remains structurally overvalued ahead of a 2x float expansion. Primary Accumulation Target: $85 (Capitulation Floor) Follow + 🔔. First buy alert posted here in real-time.