SpaceX's IPO opens the window for more IPOs, similar to Google in 2004. SpaceX will have a relatively large weighting in QQQ (Nasdaq-100 ETF), which will help drive demand for the product. The window is open for other big names like Anthropic and OpenAI to list on Nasdaq, further benefiting QQQ.
SpaceX trades on aspiration and imagination rather than current fundamentals, at ~100x revenue. Investors should take a long-term view on what Elon Musk and the human spirit can achieve, and not get hung up on short-term price discovery. This is a stock to buy for its long-term potential.
SpaceX trades on aspiration and imagination rather than current fundamentals, at ~100x revenue. Investors should take a long-term view on what Elon Musk and the human spirit can achieve, and not get hung up on short-term price discovery. This is a stock to buy for its long-term potential.