1PC
05-25 23:24

@Shyonļ¼š
I think the most interesting way Iā€™d play the $SpaceX(SPCX)$ setup is still indirect exposure through quality compounders rather than trying to force direct IPO access. Alphabet & Tesla work better for me as embedded options on the SpaceX story, since I get diversified upside without underwriting a single-asset listing outcome. Iā€™m cautious about EchoStarā€™s implied NAV discount. Even if the math looks attractive, the repricing depends on how the market values illiquid SpaceX equity once SPCX starts trading & I donā€™t fully trust that discount to close cleanly in the short term. Rocket Lab is the most interesting ā€œsecond-order SpaceX bet,ā€ but I think a lot of optimism is already priced in after the rally. I see it more as a momentum and execution story than a clear undervalued proxy, so Iā€™d rather stay broad across the ecosystem. Overall, I still prefer positioning around platform exposure rather than single-name concentration. @Tiger_SG @TigerStars @Tiger_comments @TigerClub
I think the most interesting way Iā€™d play the $SpaceX(SPCX)$ setup is still indirect exposure through quality compounders rather than trying to force direct IPO access. Alphabet & Tesla work better for me as embedded options on the SpaceX story, since I get diversified upside without underwriting a single-asset listing outcome. Iā€™m cautious about EchoStarā€™s implied NAV discount. Even if the math looks attractive, the repricing depends on how the market values illiquid SpaceX equity once SPCX starts trading & I donā€™t fully trust that discount to close cleanly in the short term. Rocket Lab is the most interesting ā€œsecond-order SpaceX bet,ā€ but I think a lot of optimism is already priced in after the rally. I see it more as a momentum and execution story than a clear undervalued proxy, so Iā€™d rather stay broad across the ecosystem. Overall, I still prefer positioning around platform exposure rather than single-name concentration. @Tiger_SG @TigerStars @Tiger_comments @TigerClub

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