Destiny Tech100

What is the relationship between Tesla and SpaceX? Are they in line or in opposite direction? Noted that SpaceX share price rose 5% but Tesla dropped instead yesterday. Would it purely because of excitement of IPO. The PE so high, the valuation really can’t tell now, would it is all the short term speculative cause the rise? Buying SpaceX now would it be an emotional move?

$SpaceX(SPCX.US)buy buy buy below $195

$SpaceX(SPCX.US) Think of SPCX as the ship that explored the New World during the Age of Discovery. By analogy, investors buying at a premium now are like the royal nobles who funded Columbus back then.

“Shipowners will not resume transit through the Strait of Hormuz for weeks until they are confident that the US-Iran deal is “material”, the chief executive of Japan’s Mitsui OSK Lines told the Financial Times in an interview published on Tuesday (Jun 16)” - Source: Financial times

I have the same thinking as above. The current Middle East unrest is not so straightforward.

Takes weeks or months to improve the situation .😫 Current stock markets are way to optimistic. Let’s observe how the Fed chairman comments later.

Still have a bit of upwards

Looks like the bull has resumed for the memory chips. How long it will last, I don’t know. Just follow the smart money and don’t be left holding the bag.