My take: I won't be buying SpaceX on Day 1.
SpaceX is undoubtedly the highest-quality space company globally, but IPO Day 1 is often when retail investors pay the highest valuation. History shows that even great companies can be poor investments if bought at excessive prices.
I'm more interested in:
🚀 RKLB – already benefiting from increased space spending and launch demand.
🛰️ IRDM – direct beneficiary if satellite connectivity continues growing.
🛡️ XAR – defense and aerospace exposure with less single-company risk.
If SpaceX IPOs at a reasonable valuation and shows continued growth in Starlink, launch services, and defense contracts, I'd rather wait for the first major pullback than chase the opening hype.
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