The chart analysis (daily SPCX candlesticks, mid-June to mid-August 2026) confirms negative convexity from massive retail participation. The IPO on…
Executive Summary SpaceX (SPCX) closed its first week of trading on June 13, 2026, at $158.40 (+17.3% since the IPO…
Executive Summary High retail investor participation in IPOs at stretched valuations generates negative convexity in the broader equity market: initial…