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u/Margin_Call_Me_Maybe
REDDIT_SCRAPED
Bearish bet on SpaceX ($SPCX) as a short via put spreads, arguing the company is overvalued at 145x P/S ratio relative to aerospace peers and will face pressure from insider lock-up expirations in September and December that will dramatically increase float from 5% to 13 billion shares. Key risks include AI hype sustaining valuation, regulatory scrutiny failing to materialize, and strong demand from IPO oversubscription continuing despite float expansion.