$SpaceX(SPCX.US)New position in SpaceX. I’m treating this more as a long-term growth exposure rather than a short term trade.

The main thesis for me is still Starlink. The recurring subscription model, growing global coverage and potential expansion into direct-to-cell give SpaceX something beyond just the launch business. At the same time, launch frequency and reusable rockets continue to strengthen their cost advantage.

Valuation is definitely not cheap and expectations are already high, so I’m not expecting a straight line up from here. I’ll keep the position controlled and see how the market prices the next stage of growth.

For now, starting small at around 141.74 and watching how it develops. @Captain's Treasure