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.
Maybe crash isn’t the best phrasing, but I anticipate that there will be a lot of early investment off the hype of a company that I think deserves a high valuation that will push the cost to an extreme level, eventually becoming overvalued before a “mini crash” occurs that drops the stock, plus whenever the AI bubble pops (if it does) that will tank the price as well.
Long-term it’s probably a good investment but if I’m trying a short-term strategy I wouldn’t put a lot of money into it.
Humor me, the original post already stated that the stock starting at an "extreme level" as the total revenue isn't even in the top 200, but the valuation will put it in the top 10. You seem to indicate that it will pump even higher, so why not jump in and sell to a "greater fool" once it hits 4 - 5 trillion? That's what I'm thinking.
The question is will you be able to dump it to a greater fool in time haha.
The greater fools in this picture are pensions and 401(k)s that'll keep automatically buying toxic waste because MUH INDEX.
It will be funny to see boomers ruining our country for decades to make sure their retirement is great, only for AI and a couple overhyped stocks to come in at the last minute and ruin it all for them.