The AI bubble is still ahead of us
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I indicated for 1000 shares of Spacex. I've never done an IPO before. Let's see how this works. May get 0 shares, or up to 1000.
Horace said:
I indicated for 1000 shares of Spacex. I've never done an IPO before. Let's see how this works. May get 0 shares, or up to 1000.
Got all of 37 shares. They're in the account, but not trading yet. Not sure when they'll start trading. I do expect a pop on that first day though.
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I'm mixed. Like... I get the value of a stock of a company that is doing reusable rockets, satellite internet, AI data centers floating in space, etc... but also hard to wrap my head around the value of $1.7 trillion or whatever. That's like the top 20 space/AI companies combined or something like that. I suppose I'll have exposure to SPCX via Nasdaq ETFs.
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Musings on how much richer Musk is than others. E.g., one Elon Musk is now worth 10 Warren Buffetts.
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For the record, because everyone cares, I love SpaceX. Cool logo, absolute science fiction level production and results... global internet via satellites (if we can avoid the Kessler Syndrome, which I'd imagine will eventually take out most of our satellites), space-cooled data centers, oh and of course starship, landing boosters on drone ships, and catching rockets bigger than the statue of liberty with metal chopsticks. But what a valuation... I suppose something is worth the price people will pay for it, no?
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