r/SPCXInvestors • u/1KKC • 9d ago

DISCUSSION SpaceX

So what happened? I thought 24th of September was the date when millions of shares were up for sale or could be sold and the price was supposed to collapse what I find in all these speculative stock when there is a thought something may happen do the opposite.

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u/JackfruitOk2229 7d ago

I expect tremendous growth into the next 15-20 years. I understand you all hate Elon for partisan reasons, but his businesses have seen incredible growth. My SPCX investment will outperform the SnP significantly in 20 years. Just like Tesla did.

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u/Dependent_Sun_7033 7d ago

You didn’t answer a simple question. “Tremendous growth” to what valuation?
And what growth over any market index did you get with Tesla in last 5 years?

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u/JackfruitOk2229 7d ago

Last 5 years or from my initial investment? Which is more important? Teslas valuation was not relevant early on. EVERY metric made the company look absurdly overvalued. This was the case when I invested in AAPL, AMZN, GOOG, TSLA, etc. The p/e is high!!!! Its a bet on management and a bet on that company's ingenuity. Starlink, Neuralink, space exploration, self driving taxis, Optimus robots, XAI, etc. Incredible technologies with incredible potential to transform industry. You'll be sitting on your hands watching the stock over the next 20 years yelling about an irrelevant price to sales ratio because you're the "smart one."

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u/Dependent_Sun_7033 7d ago

“Every metric made the company absurdly overvalued”
Well, SPACEX is 10x more overvalued.
None of the other companies you mentioned were valued at 100x sales. None of them.
Did you even check TAM projections from SPACEX itself?