Definitely won’t get on board next week. The cash burn is scary. The storyline is great but sounds close to fantasy. Humans on mars? Scientists have not even found water that is essential for life and only selected fit astronauts go there. I think it will take a good number of years before even humans can go there for a tour and this will be limited to the few rich ones- how to rapidly turn profitable? How to support a lunar factory unless it is not manned by any humans or water is transported to mars too which is costly. AI data centres in orbit sounds maybe like a more feasible short term goal. Otherwise this stock sounds like for anyone who is willing to pay a part of Elon’s dream which can be very speculative. I prefer to await for better clarity on its prospects and potential for real profit before putting my hard earned money in. After all, there is no lack of good, profitable companies out there for me to invest too.
SpaceX IPO Countdown Hammers Space Stocks — Long or Short?
Space-proxy equities slid as SpaceX's IPO approaches: Rocket Lab tumbled 6.99% Wednesday, while ASTS, SPCE, and RDW extended losses overnight. Noted short-seller Steve Eisman called SpaceX's valuation "absurd" relative to Nvidia's, and Jefferies has begun facilitating bearish positioning across the space sector. With an epic IPO narrative on one side and prominent contrarian voices on the other, would you use RKLB or ASTS to front-run the listing — or side with the shorts?
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