There is absolutely no way I would invest in spacex, not with the overly inflated valuation and the dead weight that comes along with the rocket part of the business.
Mr. elon does whatever he likes, handing toxic assets back and forth between his businesses to line his own pockets, how investors can see that and be comfortable putting their money on a dishonest operator is bewildering.
Also, are we seriously still sprouting the mars line? The guy said it because he knew it be on the headlines, with his ability to splash the cash, if he truly wanted to reach mars and stay there, he could, and it not having happened is testament that it is a load of bull.
$750B SpaceX IPO: Sector Boost or RKLB Threat?
SpaceX is reportedly seeking to raise $75 billion at up to a $1.75 trillion valuation, with a June roadshow and an unusually large retail allocation. That is massive for space sentiment, but it also creates a new tension: fresh hype could lift the whole sector, or pull attention and liquidity away from listed names like RKLB.
Will SpaceX re-rate space stocks higher, or become the stock everyone rotates into? If you own RKLB, bullish or cautious here?
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