With SpaceX IPO happening soon there is a lot of buzz around the stock. The valuation of $1.75 trillion seems to price in a lot of future success and earnings which may limit the upside, but with it going to S&P and NASDAQ so quickly maybe it will push to $3-4 trillion within a couple weeks?
I'm undecided at this point, tending toward no.
I don't know. I bought TSLA pretty early and it's been fantastic (up 4 digit %s) to me. But that's from when it was niche, the only people hyped were techies, Elon wasn't a household name, and wasn't controversial.
SpaceX has done an incredible thing, but everyone and their cousin knows about it. But there's so much potential upside in space tech. Even just in Starlink alone. I don't know. Maybe it will be one of those where the IPO pops, drops to fuck over retail investors, than has huge long-term growth. It's a hard one to guess. But you make a good point about the SP500. Index/ETF will be forced to buy in and hold.
I just hope it does become "the Elon stock" to the detriment of TSLA.
I feel like this is the likely outcome.