u/UnderaZiaSun ·
Reddit — r/StockMarket
· August 06, 2026 at 23:08
· ⬆ 25 pts
· 💬 37 comments
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I'm of the opinion that SpaceX is horribly overvalued I don't want to own it. But, I have large holding of Fidelity Contrafund that I've held for over 30 years (in an IRA). And almost 7% of Contrafund is invested in SpaceX! My first instinct is to dump this fund entirely and move the money elsewhere, however fund isn't actually in SPCX stock, but rather 180 day lockup stock with some cost that was undoubtably well below the IPO price...so, maybe I should just hold and assume the fund managers know how to turn a healthy profit off of it. It just bugs me that the strategy of this fund is supposed to be "Investing in securities of companies whose value FMR believes is not fully recognized by the public." Really? The value is not fully recognized by the public? The other stocks in its top 5 are NVDA, AMZN, META and GOOGL. Yeah, the public has really overlooked these...