WSB Is Finally Talking About Something Other Than $SPCX — Here's What Reddit's Missing
While apes pile into the hottest IPO since sliced bread, the real Reddit DD is hiding in plain sight
Ticker Ratings
| Ticker | Rating | Entry Price | Current | $ Gain | % Gain |
|---|---|---|---|---|---|
| SPCX SPACE EXPLORATION TECHNOLOGIES CORP | hold | $199.28 | — | — | — |
| WDC WESTERN DIGITAL CORP | buy | $653.53 | — | — | — |
| BTC Grayscale Bitcoin Mini Trust ETF | buy | $66234.00 | — | — | — |
| IBIT iShares Bitcoin Trust ETF | buy | $37.50 | — | — | — |
| AZO AUTOZONE INC | buy | $3110.06 | — | — | — |
| ROKU ROKU, INC | hold | $141.30 | — | — | — |
| NFLX NETFLIX INC | hold | $81.66 | — | — | — |
Look, we get it — $SPCX up 40% in two days, $2.5 trillion market cap, Elon Musk becomes the world's first trillionaire, Cathie Wood's in the top 10 holders. Reddit is absolutely feral right now. But while WSB is fighting over SpaceX entry points on a stock trading at ~110x revenue (yes, you read that right — Jim Chanos is not having a good time), the more interesting chatter is happening in the quieter corners of investing subreddits.
Three threads worth your attention: First, $WDC after Morgan Stanley's $650 price target and a 14% single-day rally — hard disk drive inventory is at one to two weeks of supply, and the HAMR tech launch is on deck for 2027. Second, crypto perpetuals are blowing up after CFTC Chair Selig greenlighted perp futures in the US — $BTC ETF holders are diamond-handing through $3B+ in outflows while BTCI quietly hoovers up $500M in inflows. Third, the Iran deal killed oil tail risk overnight, which is why $AZO and the auto parts crowd are suddenly interesting again — 13-year average car age plus a forward P/E of 17x versus a 5-year average of 19x is the kind of setup that gets upvoted at 2am.
The SpaceX IPO is the loudest thing in the room, but loudest rarely means smartest — ask anyone who bought the Facebook IPO at open.