A quick reminder as SpaceX prices this week. An IPO price is set to sell shares, not to be a bargain for you. At roughly USD 1.75 trillion, you would be paying about twice one credible fair-value estimate on day one. That does not make it a bad company, it is an extraordinary one. It does mean your return depends heavily on execution that has not happened yet, like Starlink and Starship economics. The lesson is simple: separate your admiration for the business from the price you are asked to pay, and size any first-day position knowing IPOs are volatile by design.
The copyright of this article belongs to the original author/organization.
The views expressed herein are solely those of the author and do not reflect the stance of the platform. The content is intended for investment reference purposes only and shall not be considered as investment advice. Please contact us if you have any questions or suggestions regarding the content services provided by the platform.
