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Ask HN: Will you invest in SpaceX IPO?
4 points by roschdal 8 days ago
12 comments

Absolutely not. From an investment perspective, it's a far riskier bet than I'm comfortable making. From a societal perspective, I am not interested in having any of my money go to Musk or his companies if I can avoid it.
I want to own it because I'm pro-Musk and already own much TSLA, but... with so much conflicting commentary from pundits ("It's a scam!" / "It's going to multiple $10T in a decade" / "Wait for the lockup expiry"), I'll take popcorn and watch from the sidelines and maybe DCA for a few years.
Just from keeping up with the news over the last week, the general consensus seems to be "no". It’s certainly a no for me. A more interesting question is, "will you be divesting from funds that fast-track this stock?"
The only logical reason to invest is speculation.

Just like with crypto, there is a good supply of "greater fools" willing to buy anything Musk is selling. TSLA with a P/E of 380 is the proof.

The (early) investors who have been hyping the IPO have been waiting decades to realize their return.

What do you think they will do after the IPO or even when the lock up period is over?

Can't. It'll be too expensive, I suspect, for mere speculation.
No, it’s easily 5x overpriced.
Yes, but I'm not worried about losing 100K.
Of course not, I'm smart and a good person.
No.
s/invest in/gamble on/

Maybe.

NO. Not investing in anything that does not fit basic investing maths.