To The Moon

$SpaceX(SPCX)$ road show starts June 5, listing June 12. $EchoStar(SATS)$ at $124.20, $Rocket Lab USA, Inc.(RKLB)$ at $135.76 (+8.22%), $Alphabet(GOOG)$ at $379.38, $Tesla Motors(TSLA)$ at $426.01. Not everyone can get IPO allocation — but there's more than one way to own a piece of the SpaceX story. Option 1: Buy $SpaceX(SPCX)$ directly (most direct but high capital barrier) SpaceX's S-1 discloses that retail brokerage channels will receive a meaningful allocation in the IPO, open to qualified investors. For investors in Singapore, participation in U.S. IPO subscriptions is generally only available to accredited investors, or to non-accredited investors who meet the minimum investment amount requirement of SGD 200,000. After listing, any investor can buy $SPCX$ in the open market. The most direct path, but also with very high capital barrier Option 2: $EchoStar(SATS)$—SpaceX equity at a 26% discount The clearest pre-IPO public market alternative. EchoStar sold spectrum assets to SpaceX and AWS, receiving approximately $11B in SpaceX equity (at $400B SpaceX valuation) and ~$31.5B in cash. Even at zero value for EchoStar's traditional business, SpaceX equity plus net cash implies ~$167/share. At $124.20, you're entering at roughly a 26% discount to the SpaceX IPO valuation. The discount exists because the spectrum deal hasn't closed yet, the traditional satellite business burns cash, and there's no guarantee the market efficiently reprices this once $SPCX$ is trading. Option 3: $Alphabet(GOOG)$—the most stable indirect position Google holds approximately 5% of SpaceX as an early-stage core investor. At the $1.75T IPO valuation, that stake is worth approximately $87.5B. Owning $GOOG$ gives you: Indirect ~5% SpaceX equity exposure Best for conservative investors who want SpaceX upside as an add-on rather than a primary driver. SpaceX's valuation appreciation will show up on Google's balance sheet — but it's not the core thesis for owning $GOOG$. This is a "might as well" SpaceX position inside a business you'd want to own anyway. Option 4: $Rocket Lab USA, Inc.(RKLB)$ — betting on the next SpaceX SpaceX's playbook is proven: cheap launch → constellation → subscription services (38.8% operating margin). RKLB is replicating it: Electron: most reliable small-sat commercial launch vehicle. Backlog +108% YoY. Neutron: medium-class reusable rocket, targeting first flight in 2026. Space Systems: satellite bus manufacturing, shifting from launch provider to full space system integrator. Option 5: $Tesla Motors(TSLA)$ — the longest-dated option Musk has publicly stated his long-term plan to merge Tesla and SpaceX. If that happens, $TSLA$ shareholders would indirectly own a combined entity spanning space, AI, clean energy, and autonomous driving. The longest timeline and highest uncertainty of the five — but also the broadest optionality. Tesla already has independent catalysts (Robotaxi, FSD, Optimus) that don't require the merger to be valuable. The merger thesis is a long-dated option on top of the existing investment case. How are you playing the SpaceX setup? Of the five, which logic makes most sense to you? $SATS$ at a 26% discount to implied NAV, do you think that closes when $SPCX$ lists? $RKLB$ up 90% YTD, is this forward-pricing the space economy? Leave your comments to win tiger coins~ For SG users only, welcome to open a CBA today and enjoy access to a trading limit of up to SGD 20,000 with unlimited trading on SG, HK, and US stocks, as well as ETFs. 🎉Cash Boost Account Now Supports 35,000+ Stocks & ETFs – Greater Flexibility Now Find out more here. Complete your first Cash Boost Account trade with a trade amount of ≥ SGD1000* to get SGD 688 stock vouchers*! The trade can be executed using any payment type available under the Cash Boost Account: Cash, CPF, SRS, or CDP.