Thoughts on Space X stock

So, Space X shares are set to go live by June 12. What do you all think about these shares? The IPO ticker is gonna be $SPCX. Honestly, I'm not an expert on stocks or anything, but I can’t shake this feeling that Space X shares are gonna do really well. It’s kinda like how people hype up a Drake album before it drops you just know it's gonna be big. I mean, Space X has generated so much buzz already. It’s probably one of the most hyped stocks before it even launches, but still, don’t just invest because of the hype.

If you consider the hype that Tesla managed to achieve at various times, with a share price well beyond it's (current and future) profit potential, then there may be the chance it goes to the moon (before crashing back down to earth). Some of the things it's doing are highly impressive, if starlink will be included and potentially Musk merging in xAI too. However like Tesla it will probably see it's early advantages erode over time and it might be highly priced from the outset. The only way to value a share is how much profit it's making or how much you expect it to grow in future. The fact that Elon is creating a "golden share" which gives him override ability on all decisions will make it slightly less attractive. It's his company but he has done some very toxic and frankly stupid things over the years, which means your money will be at the mercy of that craziness too.

This I must say is one of the biggest IPO in human history from the information I can gather, but hype alone is not enough to make a great profit in the equity market. We should be expecting extreme volatile situations like wild vertical swings, a lot of FOMO, algorithmic trading activities which is all as a result of the current market sentiment as at the time line for the June 12 stock release by Space X. My advice is to be patient and let the hype play on for a few weeks before investing your funds. It's better to see how the dust settles before investing funds you can actually afford to or not lose.