June 12 will be the SpaceX IPO on Nasdaq SPCX the market cap in my opinion
will exceed 2.4 trillion by end of day. Nvidia is at 5.2 trillion and the most valuable company on the planet. SPCX initial offering will be around $105.32 but I suspect they will get gobbled up quick and you might be lucky to buy a share under $200 and $250 will be more likely. At that valuation price to earnings will be around 150X which is crazy and I thought 72X was crazy. They launch satellites and sell Star Link internet ......ok. Within 1 to 2 years the stock price should fall and maybe even be at a good price but I doubt it. Still I might buy two shares for my daughters tell them in 100 years it is going to worth some money once we start harvesting precious metals from asteroids and building space stations on Mars so they can leave to their grand children. Vampires have all the luck.
2 Replies
2mo
Wait a few days to buy it after it hits the market. That will will weed out all the flippers, and you may have a chance to buy it cheaper than the initial offering price
** Edited by SarahVTHokie24 at 5/26/2026, 3:49:53 PM
(In response to this post by jdkhokie)
2mo
the robot......that could be workers in space/moon or frankly on this planet where the real cash will come from. buy shares!
(In response to this post by jdkhokie)