Personally, I think the $1.75 trillion valuation already prices in a huge amount of future optimism. Long term, SpaceX may grow into it, but short term the valuation feels very sentiment-driven with little room for execution mistakes.
I probably would not chase aggressively on IPO day. I’d rather wait for volatility to cool down and slowly build positions over time. For now, I still like $Rocket Lab USA, Inc.(RKLB)$ and $Firefly Aerospace Inc.(FLY)$ as earlier ways to participate in the space trade.
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