The $SPCX$ IPO is getting a lot of attention, and I can see why. It's the biggest IPO ever, and anything involving Elon Musk tends to get people excited.
As a fairly average investor, I'm interested, but I'm not rushing in on day one.
What stands out to me is that a lot of the valuation seems to be based on future AI growth rather than the space business itself. If that growth happens, it could be a great investment. If it doesn't, the valuation looks pretty hard to justify.
For now, I'd rather watch a few earnings reports and see how the AI side of the business develops before deciding whether to invest.
I've learnt the hard way that buying into hype without doing enough research doesn't always end well, so I'm trying to be a bit more patient these days.
My view: Great company, interesting future, but I'll be watching from the sidelines before jumping in.
What about you Tigers? Are you buying $SPCX$ at IPO or waiting to see some results fir
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