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.
We just call that "extreme risk."
The company cannot do what it says it can. It cannot meet it's goals. It's engineering is dogshit. It has nothing other than marketing.
Do you also believe in magic? If so, I have a few things you might be interested in buying, very exclusive.
Then you should not have any money in the market. Stick with index funds. I mean, if you can't see through obvious bullshit.
It reminds me of what Charlie Munger said about trading cypto: "It's like someone else is trading turds, and you decide, well, I can't be left out!"
They literally launched 2/3 of all rocket launches last year. Their only competition is China, and only if you combine all Chinese launch companies. All other companies are a rounding error.
Don't talk out of your ass. There are plenty of reasons to not buy SapceX, but their engineering isn't it.
That's a statistic that people use when they don't know how to properly analyze data.
You continue to demonstrate an inability to understand the data you hope to use.
They're doing way more than test flights and LEO satellite clusters. Let me know when you've moved past counting and into thinking.
Everything you said is entirely out of your ass. Or even worse, regurgitated shit from someone else's.
kek. "engineering." Good one.
The problem with index funds is you're forced to buy SpaceX regardless, at least if you're in the Nasdaq. If Elon can keep the bullshit going, its inclusion in the S&P 500 isn't far behind.
No, this is exactly my problem, my literal job is to see through bullshit and it has kept me out of the market way too long. Musk is a bullshit king, and it has baffled me for years why it is what it is.
I'll never retire at this rate as I can't save enough. I'm wondering if SpaceX will be a quick win, and maybe everyone here discounting it is exactly why it'll moon (although that valuation is already 95% of the way to the moon).