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.
If you own the main indices - you will end up being a bagholder for Elon’s exit :
Index Approx total market cap S&P 500 ~$67.8 trillion Nasdaq Composite / Nasdaq-listed market ~$48 trillion
SpaceX - estimated total market cap = $1.7trillion
eventually spacex will be added and be about 3% of the nasdaq index and 2% of the spx500.