SpaceX

[Simpo Two]

As you've probably heard they're planning to go public soon.

Too lively for me, even if I knew how to buy Nasdaq shares, but is anyone here going to jump on for the ride?

[Greenmantle]

those with ETF's will have no choice!

[Simpo Two]

That would be as a balanced part of a tech fund; I was thinking of those simply out to buy shares.

I can't decide if they will take off like a rocket (pun partially intended) or if over-priced will fall and stay fallen.

[NowWatchThisDrive]

I don't fish in the US pond and doubt I'd ever buy an IPO anyway, but this has been so brazenly engineered throughout - the structure, the valuation, the index inclusion shenanigans - to garner absolute maximum pump and exit liquidity, it's quite incredible even to a cynic like me.

[JoshSm]

At least the paperwork shows some of the real(-ish) numbers behind the hype.

The actual data and trends for Starlink and the various random bits of the company it bought out from Elon aren't really what you'd think would give a monster valuation or even a healthy business.

But hey, it's Musk. The stock is the product, the business is a sideshow.

[Greenmantle]

Private Equity are screaming for their money back.
Next will be OpenAI.
They will need helluva lot of retail punters to be suckered into to recover their cash.

[Simpo Two]

JoshSm said:

But hey, it's Musk. The stock is the product, the business is a sideshow.

That's a very good way of putting it!

[CLK-GTR]

The space bit is a brilliant product. Cant see that supporting the valuation on its own though and the rest is all fluff and speculation. Im sure Musk and his backers will get their returns and then leave the Trading212 types holding the bag.

[locoloco]

i've got some exposure via echostar/'sats'....they've got around 2.8%ish of the shares. Defo not buying when it opens, but wouldn't be surpised in them being the absolute 'winner' in that 'space'....and winners tend to take/make most.

[gmaz]

CLK-GTR said:

The space bit is a brilliant product. Cant see that supporting the valuation on its own though and the rest is all fluff and speculation. Im sure Musk and his backers will get their returns and then leave the Trading212 types holding the bag.

I've seen comments that the space bit is secondary to the the "data centres in space" aspect, providing terawatts of IA computing. Personally I don't see how it can work.

[NickZ24]

Simpo Two said:

As you've probably heard they're planning to go public soon.

Too lively for me, even if I knew how to buy Nasdaq shares, but is anyone here going to jump on for the ride?

Robinhood does not work in the UK?
Scalable, and a few more should do the trick,

[KadettE]

If spacex makes it into the S&P 500 all the pension funds and passive investors are going to end up with something that for me belongs firmly into VC land.

Tying a nicely profitable telecomms company together with a highly speculative tech company requiring ridiculous up front investment isn't something I'm too keen to own (indirectly). Seems much riskier than other big tech

[Mr Overheads]

I worry that SapceX and OpenAi IPO's will be the one's to break the market i.e. their listing will make a lot of people very rich, but the masses will start to lose money almost instantly and there will be sell offs by retail investors, which in turn causes index funds to sell and spiral goes down.

Same as lastiminute.com and boohoo.com both were really right at peak of Techmark boom 25 years (ish) ago

[Mazinbrum]

I’ve got a chunk in Scottish Mortgage which has done well lately no doubt due to the impending IPO, I won’t risk any more. A highly successful IPO will be priced in, anything less and it will go down.

[asfault]

I agree it's a way for the private investors to get their money back and leave average joe with the bag.

Thing is this has been talked about quite alot in various financial circles.
Didn't coinbase ipo at 300 and then a year or 2 later was down in the 30s?

Similar will happen imo

[BoRED S2upid]

Not Space X but I’ve had a gamble on other stocks operating in the same field that have benefitted hugely from Space X IPO. Definitely not a recommendation but two to watch ASTS and IRDM. There are loads of others benefitting from the hype right now.

[Jon39]

Simpo Two said:

As you've probably heard they're planning to go public soon.

Too lively for me, even if I knew how to buy Nasdaq shares, but is anyone here going to jump on for the ride?

I admire how a private business was able to perfect landing and reusing rocket boosters. It is just like a 1950s comic.
Nationalised NASA never managed to do that.

When it comes to investment, perhaps I concentrate too much on fundamentals.
Revenue ....... $4.7 billion.
Loss ............. $4.9 billion

Even at Aston Martin, losses have never exceeded revenue.

Do I need to develop a different attitude, whereby the next share buyer will always pay more than me, so therefore I can never lose money?
Now, how are those Tesla shares doing with the Price/Earnings Ratio of 200?

No SpaceX shares for me.

[Simpo Two]

Jon39 said:

I admire how a private business was able to perfect landing and reusing rocket boosters. It is just like a 1950s comic.
Nationalised NASA never managed to do that.

But they did get men on the moon before Elon was born.

[OIC]

Don't know anything about 'investing' in an IPO but I quite fancy chucking a bit of loose cash at this one for the ride.

So how does one do that?

Presumably there's a website where you sign up to invest?

Sure I could Google / AI it but it's more fun to ask here.

[natterjak]

Gotta love a thread where every comment is negative towards a stock, then someone jumps in at the end asking how to buy!

But don’t they say the contrarians are the ones who make the money in the stock market?

I won’t be touching SpaceX or anything else Elon’s involved with as I think he’s dangerous, but he does seem to know how to make money (and I don’t), so maybe I’m the fool.