It’s not bitcoin but it’s also not Tesla. Tesla makes products that people use and Tesla actually returns a profit.
Starlink also has huge military use in modern war. Also the ability to rapidly replace satellites faster than the country you're at war with will be a game changer. fast, cheap, low orbit satellite deployment will determine which AI robot army dominates.
[...] Elon Musk sits outside this entirely. He and select major backers have committed to a full 366-day lockup. Given that Musk controls the majority of voting power, his agreement to stay locked up for a full year is a meaningful positive signal. https://finance.yahoo.com/markets/stocks/articles/spacex-sto...
I will not be trying to participate in the IPO. I do think waiting until the first 20% unlocks and potentially sold into the market would be reasonable thing to consider. Long term I think this is majorly bullish based only on the xAI infrastructure plays.
From an engineering standpoint, no one else has the technical capability right now to land a rocket and refurbish it and send it back to space with the speed that SpaceX has demonstrated.
After the dump it may be a good time to buy. No doubt conquering space is the next big human endeavour. It's science fiction today but the human race will need to live on spaceships in the future to avoid extinction. As the sun swells to a red giant and engulfs the Earth.
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