SpaceX fever hits the market Friday — ride the space supplier rally
Thesis
The monumental scale of the SpaceX IPO is drawing massive mainstream attention to the commercial space sector. With the stock heavily oversubscribed and receiving immediate buy ratings, investors who couldn't get shares in the IPO will likely look to buy into the next best thing: established space suppliers and satellite companies. This spillover demand creates a strong short-term opportunity for existing companies in the aerospace and satellite communications space.
Strategy approach
Build a rule-based strategy that enters long LUNR, RKLB, and SATS on the daily timeframe when the stock is trading above its 10-day simple moving average and the 14-day RSI is between 50 and 70. Exit the position if the stock closes below the 10-day simple moving average or after a maximum hold period of 15 trading days.