Is the $SPCX run sustainable, or just a momentum trap?

Watching $SPCX today, up another +13.01% to 129.875, it's hard not to feel that FOMO tug. We're seeing it make new highs almost daily within its range, pushing up towards the 130.96 high for the day. My gut, however, keeps telling me this kind of parabolic move, especially with the volume we've seen, often leads to a pretty sharp correction. It feels very much like a sentiment-driven rally rather than a fundamental re-rating.

Compare that to something like $XOP, sitting at 166.8, down a fractional -0.15% today but still holding steady within its 164.355–168.75 range. That seems like a much more grounded, slow-and-steady play. Even $PYUSD holding at 0.9997 feels more predictable. Am I being too conservative here, missing out on the 'new paradigm' energy, or is this $SPCX move setting up for a painful unwind for latecomers? Happy to be wrong, but I'd love to hear some counterarguments.