christopho
06-12

My take: I won't be buying SpaceX on Day 1.

SpaceX is undoubtedly the highest-quality space company globally, but IPO Day 1 is often when retail investors pay the highest valuation. History shows that even great companies can be poor investments if bought at excessive prices.

I'm more interested in:

🚀 RKLB – already benefiting from increased space spending and launch demand.

🛰️ IRDM – direct beneficiary if satellite connectivity continues growing.

🛡️ XAR – defense and aerospace exposure with less single-company risk.

If SpaceX IPOs at a reasonable valuation and shows continued growth in Starlink, launch services, and defense contracts, I'd rather wait for the first major pullback than chase the opening hype.

SpaceX Surges Another 20%, Tops $200! Still a Chase for $2T Rocket?
SpaceX extended its post-listing parabolic run, surging 19.60% intraday and pushing further to $211 in after-hours trading (+9.62%), with analysts calling it a "$2 trillion stock that has left Earth." Musk's latest post and a U.S.-Iran agreement fueled market euphoria. Yet even crypto bull Novogratz admitted he feels "nervous about SpaceX" — the steeper the parabola, the sharper the reversal. Will you keep chasing this rocket, or wait for the first real pullback?
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