Space X stock IPO

[80watts]

Today: The current stock price of SpaceX (SPCX) is $160.90. The stock has seen a daily range between $135.00 and $176.34 recently The IPO was set for 135.00.

Who is this stock good for. Right now the only thing making money is Starlink. At about 18 Billion a year for Starlink.

The P/E ratio for SpaceX is -56.59 (TTM), indicating a significant valuation based on its earnings. This negative ratio reflects the company's current financial situation, which is often used for unprofitable companies.

The only way someone is going to earn money on this stock is by a rush of idiots driving up the stock... Risk takers.... reminds me of the tech stock IPOs in 2000.... most of which failed.

 

[Rollingstar]

People that got allocated stocks at ipo price must hold for 90 days, I’d consider investing afterwards. Although a couple of big heavy hitters are rushing to going public before the tech crash.

 

[sexpanther69]

Company lost almost $5 billion last year alone and then lost another $4.2bilkion just in the first quarter of this year

Lotta hype driving the price right now

But a least retard Elons a trillionare now 🙄

 

[Equity Market investor]

I'll consider buying -- or reassess SPCX in about 6 months time after in depth research. When and IF I buy it, it'll be a hold within TFSA for a minimum 8-10 yr hold. And, on a dollar cost average, per say.
MOSTLY all major tech companies are viewed at with negative cash flow etc at first based on R&D thesis.

I bought CLS well over a yr ago and I've never looked back lol. I still hold it btw. Currently, that one is not too profitable either. But the future will be very bright imho.

 

[pleasureprinciple]

Two quotes come to mind:
Warren Buffet: price is what you pay, value is what you receive,
Benjamin Graham: in the short term, the market is a voting machine, in the ling term it is a weighing machine.

that said, consider both your time horizon and the role of the holding in your overall met worth portfolio