$SpaceX(SPCX.US)SpaceX is one of those positions where I’m looking more at the long-term story than the daily price movement.

For me, the biggest value driver is still Starlink. It gives SpaceX recurring revenue instead of relying only on rocket launches, and the potential growth from more global users, aviation, maritime and direct-to-cell could make that business even more important over time.

The launch side is also something I like. Reusable rockets give SpaceX a cost advantage, while Starship could potentially open another level of scale if execution continues to improve.

That said, this is definitely not a low-risk story. Expectations and valuation are already high, while delays, regulatory issues or unsuccessful launches can quickly affect sentiment. Since this is also not a normal mature listed company, I would be more careful with position sizing and liquidity.

At around 134 now, I’m not trying to predict the short-term bottom. I’d rather watch how the business continues executing and whether the bigger growth story remains intact.

For now, still interested and willing to be patient. SpaceX is not just about rockets anymore — Starlink and the wider space ecosystem are what make the long-term thesis interesting to me. @Captain's Treasure