Jun. 15 at 4:49 AM
$SPCX I got 285 shares through IPO. Not a big position, but something (I requested 400).
Do I think a
$2T valuation is crazy? Yes.
Do I think it’s unrealistic for SPCX to double in the short term? Yes, but not impossible.
People don’t seem to understand:
1. It’s not just Starlink or space colonization. SPCX represents American dominance of the use of space near Earth.. it’s effectively a defense industrial base company that CANNOT fail in the eyes of the US Gov. You’re woefully ignorant if you think space and AI isn’t about 5th generation warfare against China.
2. When Google IPO’d, the biggest company in the world was GE at ~
$330B. The point is it doesn’t matter what you think is overvalued if your measuring sticks for market caps are other big companies like
$NVDA. Not saying it’s my prediction, but consider that the rate at which the top market cap grew from 2004 to now would mean a
$9T company in just five years.
