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!"
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.