Today is the day. SpaceX is trading with an estimated valuation of $1.75-2 trillion, one of the largest IPOs in history. People are already logged in since the early hours to jump in via tokens at the first minute. Let's talk about the real issue, not the hype.
The problem isn't the company; it's the entry price.
SpaceX is a solid project, no doubt about it. But one thing is the company, and another is the price you pay for it. At $1.75-2 trillion, you're already pricing in a good chunk of the growth expected over the next 5-10 years: Starship, Starlink on a global scale, military contracts, all that is already baked into the entry price. Buying 'just because it's SpaceX' without looking at the valuation is like buying the story, not the stock.