At the same time, the risks are real. SpaceX is still reporting GAAP losses, and a $1.75 trillion valuation already reflects very high expectations. The lack of immediate S&P 500 $S&P 500(.SPX)$ inclusion could also reduce near-term buying pressure from passive funds.
My view is that if Starlink keeps growing and SpaceX maintains its technological lead, the company could become a key piece of future global infrastructure. I’m bullish for the long term, but I expect plenty of volatility along the way. If the stock experiences a post-IPO pullback, I would see it as an opportunity to gradually build a position.
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