The creator mentions Tesla as their best performing stock buy ever, bought when they were young and had little money, contrasting it with the current SpaceX IPO setup.
Source Post
Why I’m NOT Buying the SpaceX IPO
Jun 11, 2026
The creator discusses the upcoming SpaceX IPO, highlighting concerns about its extremely high valuation of $1.77 trillion, which they believe is significantly overvalued compared to Tesla's early days. They warn against being exit liquidity for early investors and note that much of the value creation has already occurred in private markets. While acknowledging potential short-term dynamics due to a lockup period, the creator emphasizes that valuation still matters and points out that SpaceX is trading at 94 times last year's sales, with a significant portion of revenue coming from Starlink and the recently acquired xAI, which is still losing money.
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