Did anyone blindly buy SpaceX stock just because others did?

[Kelly6]

[MrOracle]

My Tesla stock that my little nobody self bought 15 years ago for between $14-20/share is doing pretty well for me, and that was post-IPO. I bought some more at $80. As I type this, Tesla stock is $400.16/share.

SpaceX owns 85% of the GLOBAL space launch market, and because of serious failures and delays with competitors, they are forced to pay SpaceX to launch their payloads. In the meantime, SpaceX has lowered the cost of launches by almost 90%, which means they are wildly profitable even when offering sharp discounts compared to the competition.

Space is becoming ever more important to the world, much like cars and trucks were becoming more important to the world 100 years ago - but SpaceX owns most of the vehicles and most of the "roads".

And SpaceX is hardly resting on the laurels - they continue to innovate and refine their designs with an eye towards reusability, fast turnaround times, lower costs, and simplified designs. Not only did the pass the legacy contractors like Lockheed and Boeing, but they are still accelerating away. That's why SpaceX has kept winning contracts that the legacy contractors considered to be for them - and had been paying Congress to make sure they got them. At some point, the difference in performance, timing, and cost efficiency could not be ignored.

Our astronauts all have expressed their admiration and strong preference for SpaceX rockets and capsules over those of the legacy contractors, and they all have experience in both.

I can't think of any good reason to invest in SpaceX, just like there was no good reason to invest in Tesla. Better to be happy with 4-5% annual returns.

[OneViewpoint]

The general public does not get to participate in an IPO in the USA. By law it's restricted to institutional investors to ensure that 95% of the value is captured by the 1% before the commoners are allowed to invest at inflated prices. It's hilarious that most people in the USA are not even aware how the game has been rigged for the 1% and against 99% of the population. But the unwashed masses still love Capitalism exactly as propaganda has trained them to do. It's getting really hard to give a shit about my fellow Americans.

[ThisSiteSux]

Lol. If you have an account with SOFI bank, Robinhood, or any of the 1,000 stock apps on Google play you can buy IPO' for the last 10 years.

[OneViewpoint]

@ThisSiteSux ,

You're delusional if you think you have equal access to the real wealth being created. But you keep on worshipping at the altar of the 1% who are fucking you up the ass. The game is rigged. Educate yourself.

Yes, the general public can technically participate in the initial round of an IPO, but it is extremely difficult to do so at the original offering price. The vast majority of initial shares are reserved for institutional investors and high-net-worth clients.

How the Public Can Participate? For average retail investors, getting in on an IPO at the initial "ground floor" price generally happens through one of the following methods:

Retail Brokerage Allotments: Some major brokerage firms offer programs that allow retail investors to request shares in upcoming IPOs at the offering price. Platforms like Robinhood IPO Access or Fidelity IPO Participation have programs specifically built to offer IPO shares to everyday users.

Directed Share Programs: Occasionally, companies going public will reserve a small allocation of shares for their customers, users, or employees.

Dutch Auctions: In rare instances, a company will use a Dutch Auction rather than traditional underwriting, allowing individuals to submit bids for the number of shares and price they are willing to accept.

The Reality of Allocation

Even if your brokerage offers access to IPOs, a request is not a guarantee. Brokerages receive a limited pool of shares. If demand exceeds supply (which is very common), brokers use allocation formulas that heavily favor clients with higher account balances, more trading activity, and longer tenures with the firm.

[FreyaRed]

I think it's a massive bubble with fake demand.

[OlderAndWiser]

I have a financial planner who makes those decisions, and I ignore the day-to-day activity on my account.

[ohsheeT]

I kind of wish I would have because no matter what in time it's going to go up but what he was doing with SpaceX is kind of cheating people but not really he was using the money that he makes off that for his next adventure that's the one that you want to buy into this one will always go up so don't pull out of it if you did buy it but it's the one that's coming that's going to be the outrageous one

[molonski2]

I didn't , but it won't matter , purely on the index at least in the beginning the stock with rally , it's crazy expensive, but with all of this index money , from all over the world money will be made.

However , looking well forward? It's extremely expensive on any relevant valuation it doesn't work.

[lightbulb27]

no, can't make sense out of it.

but it probably goes up as they have a lot of $ to buy AI stuff and get huge payouts from govt.

thing is... it's buying elon. if elon dies, that company goes down a lot...

[Bricealan]

@Kelly6 I let Fidelity Investments make that decision for me. They handle and invest my portfolio, and I pay them 1% to do that. It pays of big time

[Kelly6]

@Bricealan
1% per month or what?

[Bricealan]

@Kelly6 1% of the portfolio value

[goaded]

Almost everyone did. Anyone with a tracker fund got cheated into buying into SpaceX by a change in the rules designed to protect investors (silly little things like companies having to turn a profit) by Nasdaq.

[AviatorTom]

I talked with my financial advisor. Some SpaceX stock will eventually work its way into my investments.

[Kelly6]

@AviatorTom
Can you explain more about why?

[AviatorTom]

@Kelly6 Much of my investments are tied to indexed funds, for example, funds that follow the S&P500. As a new stock, SpaceX is not allowed to be on the S&P500 for at least a year. When that happens, my investments will contain some SpaceX stock.

[MisterWack]

I didn’t buy SpaceX stock.
First $1.4 trillionaire, yay we are so f*cked.

[genericname85]

hell no. that stock only exists to transfer money from gullible idiots straight into elons pockets. but if you have certain etfs, you bought it automatically.

[Dargil]

A prospectus is available and is read by investors. The don't invest blindly.

[Anonymous]

this happens with every single "trendy stock". The first one I remember was Facebook. It went public and kids literally in high school were buying it because everyone felt like they had to jump on the current trend.

[MrOracle]

Those poor dumb kids only potentially made 70 times their investment...

[Opinion Owner]

@MrOracle they lost their literal ass unless they held it for decades. 🤣 those stocks TANK after the IPO, and the public gets in at inflated prices.

[MrOracle]

My $20 Tesla stock stayed at $20 for years. It's now at $400.

What idiot expects a stock to instantly rocket up right after an IPO? If it had been worth more at that moment, the IPO price would have been higher.

Unless you are an institutional buyer buying tons of shares on credit, you aren't likely to make much money by owning a stock for a couple of days or weeks. Stock analysts can predict that far. What they rarely see is longer term futures, because most don't take the time to understand the market well enough to spot future trends. That's how individual investors without millions to invest make money.

Do you have any idea how rare it is for a stock to make a 10X return in a decade? More typically, it's 2X in a decade. If you make 70X in 20 years, you have an unbelievable winner on your hands.

[CaptainSmartass]

Nope. I don't buy stock in any firm, because it's a mug's game.

Simples...

[ThisSiteSux]

Lol no. I was given stock options as a welder for the last 8 years. I'm a millionaire at 44 bitch.

[XXblack88]

No I don't buy stocks

[RCONFIGURATION1]

You should never buy a stock blindly

[exitseven]

No, but I wish I did.

[Kelly6]

@exitseven explain why?

[exitseven]

The price went up almost 20% the first few days

[FunkyMonkee]

Me, too!!

[msc545]

Only idiots do that.

[_Jenny_]

@Kelly6 Nope, not me

[Marissa4]

No it's crazy and living in a bubble no thanks.

[Grond21]

No. I bought it as a well-informed buyer

[jamesgoldman]

If you can't hold it
You don't own it
So no

[LC75LC71]

I couldn't see what was going on.

[NotSomeUserName]

People buy things sometimes.

[FrodoSkywalker007]

I haven't

[Hanrej]

Nope

[RedInnocent69]

Almost all 😂

[kinks1951]

Nope

[leviopperman]

nope