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.
Listen, if I'm gonna make plays on individual stocks it's either going to be stuff I know like when I went in on Microsoft at $250 right as they were jumping on their AI push or it's going to be dumb plays like buying in on GameStop right at the peak to fuck with hedge funds because it was funny.
I got zero reason to throw money at SpaceX. Anything related to space travel is a dead end until someone starts making a serious push to clear up the constantly increasing debris cage surrounding the planet. I forget what the fancy term for it is, but it's been a concern ever since my buddy who worked in satellite communications for the military clued me in to its existence. China be blowing up satellites left and right and leaving all the remains in orbit and eventually we won't be able to get off planet because there's just too much stuff up there and even something the size of a paint chip will leave a dent the size of a dinner plate in anything it hits.
Kessler syndrome.
The orbit of the Starlink constellation is low enough to be self-clearing. Without propulsion they de-orbit in months to years. And little particles from a collision at that altitude would deorbit even faster.
The chicken little cope of "muh kessler" is like when democrats screech about MUH CLIMOOOOOT CHAAAAAAAAANGE.