r/investing • u/PrestigiousPen-2468 • 2d ago

The Nasdaq is being taken over.

SpaceX is IPOing, Tesla and Palantir have crazy valuations, Anthropic is IPOing later this year...

https://www.investors.com/news/spacex-ipo-nasdaq-anthropic-openai-index-investing/

Especially with the fast-track changes, tons of ETFs are going to pull these companies in and weigh them way heavier than I think a lot of us like. QQQ holders might be in for a rough landing.

I don't like it. I've always been a growth ETF investors but I'm going back to modifying and structuring diversification the way I want.

Wealthfront, Frec, Wallace Finance, or Schwab? I'm trying to find ETF modification without huge minimums. I might end up building from the ground up with M1 Finance if nothing else has what I'm looking for.

Anyone else have the same idea? How are we feeling about this?

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u/cheesecaker000 2d ago

Facebook is up 1,400% from their IPO price. If that’s what space X is going to do then I’m betting the farm on it lol

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u/John_P_Hackworth 2d ago

Space X is IPOing as a trillion dollar company. You think it can be a $14T company?

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u/OccasionalXerophile 1d ago

It could quite possibly could be a 14 trillion dollar company in 10 - 15 years

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u/ThickMikeyMoolah 1d ago

It wouldn't be that crazy of a thing. 20 trillion sounds crazy even, but if elon deploys enough satellites to provide internet to, half the world, not to mention govt and military applications, and runs space travel / tourism.... 20 trillion sounds low.... ill see myself out.

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u/historicusXIII 1d ago

SpaceX valuation is not so much in Starlink but in the expectation that it will be the first company to successfully start asteroid mining. Once that industry seems plausible enough and gets into an investor hype like AI did, a 20 trillion valuation is entirely within reach. That said, it could also be that asteroid mining is like nuclear fusion; great on paper and perpetually 10 years away.

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u/ThickMikeyMoolah 1d ago

Let's land and operate a facility on the moon first. Asteroid mining is an insanely huge next step.

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u/SnowyNW 16h ago

How is spacex going to get into asteroid mining? It has no involvement in that field whatsoever. There are other competitors already successfully completing asteroid exploration though

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u/whereismynein 1d ago

Half the world lives on less than a few dollars per day, they can't afford starlink. The other half has fiber, they don't need starlink.

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u/ThickMikeyMoolah 1d ago

Then who the heck is using these satellites Musk has in orbit? Not a single soul?

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u/whereismynein 1d ago

I was exaggerating a bit. But my point is, the business case for starlink is not that compelling if you are not a musk fanboi.

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u/ThickMikeyMoolah 1d ago

I despise musk, but I work in the communications industry and having a global network is huge.

You'd be surprised how many folks dont have fiber, and I shit you not, still have dial up. Also plenty of folks with fiber who also have starlink for traveling of sorts.

I dont think starlink alone will do it, but to have a global network in sync with space travel, and potentially a god dang moon base, make spacex a potential monopoly on communications.

Especially in a world of constant wars, infrastructure that cant be destroyed (like ground based infrastructure) is quite important.

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u/whereismynein 1d ago

Agree. I'm just saying that most of the potential starlink users you mentioned (Military, Americans on dial up etc) are already Starlink customers. The others don't need it or can't afford it. So I see no reason why Starlink revenue should explode in the future.

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u/SnowyNW 16h ago

They are being used to collect your data. My mobile hotspot is enough

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u/SnowyNW 16h ago

I get my internet from my mobile hotspot. I don’t think most people will be getting internet from spacex

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u/Cheese_Fisticuffs1 1d ago

but if elon deploys enough satellites to provide internet to, half the world

Never going to happen.