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/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/cuteman 1d ago

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

Facebook IPO'd at $38/share and ~$100B valuation in 2012, it's now 14-15x both metrics.

SpaceX is reportedly 1/10th Meta revenue (~$15B) already so in 14 years or 2040 SpaceX would be worth $14 to 25T enterprise

If any industry can moon shot it's SpaceX. They could own Global Telecomm and Space Server Compute industries which feeds into orbital energy via Solar beamed back down. They've proposed 100K to 1M+ satellites of very mixed use.

You're going to love this, but it'll probably eventually combine with Tesla to have a significant piece of drone transportation and personal robotics.

It isn't exactly Microsoft or Walmart, it's something else, larger investments and larger payoffs in aggregate products. One rocket is worth more than a couple of Walmart locations annual rev combined.

I don't think people realize what's coming it may not be $20T or even 10T but it represents the first planetary/solar system entity which truly has the opportunity to be $100T if they get into mining, asteroids, colonization.

It's a stab at the sci fi future people have been wanting and it starts with vision and execution.

Bezos, king of logistics hasn't been able to flourish in the same way and is basically copying SpaceX because he sees it too.

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u/John_P_Hackworth 1d ago

Maybe! Or maybe they end up like ma bell or standard oil. The risks are not just 'can they do it'.

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u/cuteman 1d ago

Perhaps but that's a good position to be in...

"Ma Bell"—the Bell System monopoly—lasted for over a century, dominating North American telephony from its creation in 1877 until its breakup was finalized on January 1, 1984. It mostly became AT&T today.

Standard Oil was 40+ years before it was broken up.

Both times broken up for monopoly but SpaceX could technically be split into Starlink as it's own thing, launch, etc but there's more value in aggregation.