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 think it would be foolish to. When you buy an IPO you're not just looking for future success, you're betting that they'll be more successful than everyone already believes it will be. SpaceX should be a fine stock to own, if more volatile than some, but only after the market has had time to have buyer's remorse about buying it at a premium.