Is the SpaceX IPO the Ultimate Growth Engine or a Foreign Wealth Trap | EP1652🦖

The Investing Iguana
06-12 14:07

Is the SpaceX IPO the Ultimate Growth Engine or a Foreign Wealth Trap | EP1652🦖

Everyone is staring at the rockets, I am staring at the cash flow treadmill that has to replace thousands of short-lived satellites just to keep the lights on. A constellation that needs constant billion dollar surgery is not a natural home for retirement money, no matter how impressive the launch footage looks.

If you move S$50,000 of SRS or dividend capital into a US$135 listing that pays you zero, you are giving up a risk free 4.0 percent CPF SA floor and our 4.7 percent yield hurdle on day one, in exchange for a foreign equity that must hoard cash for capital expenditure instead of paying you. Iggy's Forensic Zone: Zone 5 — Red Zone is my signal that this structure sits completely outside a retirement income framework, even before you factor in United States dollar volatility and Wall Street exit liquidity games.

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