Tesla trades at a premium due to Elon Musk and future potential, not current fundamentals, similar to SpaceX's situation.
Source Post
Is SpaceX A Buy or Sell After It's IPO?
Jun 13, 2026
The creator discusses the SpaceX IPO, noting its volatile first day of trading. While acknowledging the 10% move from a realistic average price to highs, they express surprise it didn't reach higher given the market hype. The creator closed their position for a small profit and is not impressed with the initial performance, suggesting it might need more time to appreciate.
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