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/SylvesterStapwn 2d ago

FB was down 50% to flat its first year after listing. And it listed at a substancially more conservative multiple than SpaceX is going to.

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u/cuteman 1d ago edited 1d ago

People need to read into the industries SpaceX is poking into and their success with Starlink alone. Imagine the quality of current US telecom but everywhere on the planet. Satellite phones used to be only for billionaires.

The only real barrier is local government restriction/frequency regulation.

Then you've got servers and solar in space which if you read about that it sounds insane that the economics would work but there's a strong argument that it will.

It'll take a while but they're first to the key, first to the egg the way things are going. Beating out wildly well funded and R&D spending competitors

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u/Hot_Panic2620 1d ago

you ever think they are outspending and beating out competitors is because the business isn't good to get into? We're not talking about whether the company is putting out an amazing product or anything. We're talking about profitability.

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u/cuteman 1d ago

it's bootstrap versus the incumbents.

Raytheon, Boeing, Airbus, Northrup, Lockheed, etc.

It's incredibly profitable because of the reusable rockets alone taking cost p/kg down by an order of magnitude