Recently, so many big shots are jumping in to buy the dip on SpaceX @SpaceX. Could it be because they got a shoutout PR from Saint Musk @elonmusk? Duan Yongping has been openly talking about buying the dip on SpaceX. Cathie Wood is even more straightforward—buying more as it drops, and it keeps dropping as she buys. She’s gone all the way from $154 down to $119. As of now, ARK’s total holdings are around $600 million, with an unrealized loss of about $80 million. But hey, the big players can hold for five or ten years and have unlimited ammo to average down. For people like us with just a bit of cash, if it drops another 20-30%, we’re probably cutting our losses. And don’t forget, after the August 4 earnings report, the first batch of 20% (up to 910 million shares) lock-up expiration is just around the corner. That said, it’s at $117 now, getting closer and closer to the $100 target. This time, I really want to buy the dip.