I think the most interesting way I’d play the
$SpaceX(SPCX)$ setup is still indirect exposure through quality compounders rather than trying to force direct IPO access. Alphabet & Tesla work better for me as embedded options on the SpaceX story, since I get diversified upside without underwriting a single-asset listing outcome.
I’m cautious about EchoStar’s implied NAV discount. Even if the math looks attractive, the repricing depends on how the market values illiquid SpaceX equity once SPCX starts trading & I don’t fully trust that discount to close cleanly in the short term.
Rocket Lab is the most interesting “second-order SpaceX bet,” but I think a lot of optimism is already priced in after the rally. I see it more as a momentum and execution story than a clear undervalued proxy, so I’d rather stay broad across the ecosystem. Overall, I still prefer positioning around platform exposure rather than single-name concentration.
@Tiger_SG @TigerStars @Tiger_comments @TigerClub
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