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I was skimming the prospectus. Its actually called Space Exploration Technologies Corp (SPCX) and consists of SpaceX, Starlink and their AI division. Of the three, Starlink and SpaceX, they have little to no competition. And although competition may be on the horizon, they are already a decade ahead in development. Anyway, a solid lead from competition. The AI division I have less faith in. I think AI is useful, but I think its going to hit a wall with the cost and energy demand, and very little if any payback. Could just be a money pit for the rest of the company. At least for the near term. The main detractor for me is that Musk retains solid control of the new corporation, and the only thing I trust about him is his ability to make money.
As for valuation, with the invention of crypto and the insane value put on absolutely nothing, I feel like value, in the classic investor sense, is almost irrelevant in some situations these days.
I think the 30% offering to the general public (thats a lot) is a result of the shear size of the IPO. It dwarfs the ARAMCO IPO, and that was considered huge. Im still on my first coffee, and I cant remember the exact numbers, but it was something like 10B for ARAMCO and 75B for SPCX. I dont think the banks are making the large public retail offer out of the goodness of their hearts, I think they just need investors.
Anyway, Im going to try to get in line to get some of this and see what happens.
Last edited by 911_Dude; 06-05-2026 at 07:37 AM..
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