SpaceX (SPCX)

Very attractive here, if you look 3-5 years out. You need to have a very long-term horizon. She's looking for the point when launch costs drop from $3k per kg to $300, as it'll open a massive opportunity for new industries. Not super-cheap at this price; ideally, you want it when market cap is below $2T.

Unique, as the only one right now that can use reusable rockets to achieve cost reduction.

If it reaches $175.50 before earnings, or 30% from the IPO price, it will unlock a tranche of stock, which worries him.

She sold one of her SPCX positions. She is a big fan of Elon Musk. The first year of an IPO can be dicey; Facebook and Uber fell 50%. SPCX needs to execute in some hard areas. VCs will definitely take some shares off the table at the end of the lock-up period. Since December 2024, it's up 6x while earnings are up 33%. She will watch over the next few quarters.

Valuation defies all math. Speaks of everything speculative. Weaker hands, not institutions, are bidding it up. Didn't take long to impale itself. You'll have plenty of chances to buy this lower when the math works.

Elon's a proven innovator. If you want to be part of the Musk story right now, buy TSLA.

It will be volatile, down 25% from highs, but had rallied 50% from the IPO price. Set it and forget it, holding for 10-15 years. Revenues could rise 70% and double gross margins by 2030. They have a 90% market share in space, cost advantage given scale, launch costs will plunge from $14 million to $3-5 million in time. Starlink has 10 million customers, expected to top 200 million by 2030. Anthropic and Google are spending $2 billion/monthly renting AI compute. 

Down 10% today. It still hasn't been price-discovered yet. It's still engineered around the IPO and there are lock-ups coming. No company can replicate their fundamentals. Won't but now, maybe later.

He'll buy it below the IPO price. There is speculative fervor, fueled by Elon Musk who is too P.T. Barnum-esque for his liking. Musk said SpaceX will reach $1 trillion in sales by 2030. Well, how about $100 billion first? I have Elon discounted, not at a premium. SpaceX's price and valuation are too much. Tesla defies fundamentals, yet still does well. Robotaxis and self-driving cars haven't happened, but shares still go up.

Underwriters, scarcity and index inclusion will hold up this stock for the first month, then the fundamentals will apply after the lock-up comes off. He owned this privately and now publicly. When their costs go down and the share prices goes up, SPACX is the winner. Margins are good and will improve. There are many parts to this business, and the most important is enterprise AI. Don't chase it here, though. Would buy if the price returns to the IPO, which may not happen. No stock has more momentum than this. 

The market doesn't care about its high valuation, but only the dream going forward. Musk is a genius who's made people continue to believe in the extremely high Tesla valuation, despite declining fundamentals. He'll buy it. This is a bet pure and simple on Elon Musk. It's a speculative trading stock, not a hold.

This is about you buying the track record of Elon Musk, and few will bet against it. Forget fundamentals.

SpaceX raised a record $75 billion at a ~$1.77 trillion valuation (pricing at $135/share). Shares began trading on Nasdaq under $SPCX, quickly popping 20%+ (trading around $164–$172 intraday, pushing market cap above $2 trillion). This is the largest IPO in history by a wide margin. Social media sentiment is highly positive and hype-driven. Posts celebrate the "historic" debut, Musk becoming a trillionaire (per some estimates), first-day gains, memes, and comparisons to meme stocks or tech giants. Some caution about volatility, "rug pull" risks, or long-term valuation concerns, but enthusiasm dominates.

Eventually, this will break to the upside, but he has no idea when. Meanwhile, if shares come down, it's an opportunity. It debuted today up 19% in the biggest IPO ever.