I have Fidelity and Schwab, using Schwab this time.
I’m not sure what methodology their allotment algorithm is using, but it will be very limited. Shares at the IPO price should be a good buy in, although what happens tomorrow and then after the various staggered lockup periods end is anyone’s guess.
Long term a good buy and hold.
Agreed. What that company has accomplished in so many areas is just incredible. I honestly believed that spaceflight would always be in the purview of governments and there was no room for a private spaceflight company. And it's not just the short-term play of launching satellites. It's the whole idea of AI data centers in space, reusable heavy-lift rockets, frequent launches and, beyond that, the Kardashev vision (named after Soviet astrophysicist Nikolai Kardashev). That vision centers on using it as a framework for humanity's energy future. Here are his key points:
His interviews on this subject are most fascinating. I spent most of my career in the energy industry and to hear this just blows me away. I was immersed in the day-to-day jobs of building and starting up power plants, working with utilities, and researching advanced power generation technologies. Nobody ever thought at this scale before and I worked with a lot of the biggest thinkers in energy.Solar Energy Dominance
Musk argues that "once you understand the Kardashev Scale, it becomes utterly obvious that essentially all energy generation will be solar." He frequently emphasizes that this framework makes clear why renewable energy, particularly solar, must become humanity's primary energy source. And you cannot build enough solar on earth due to atmospheric losses, cloud losses, nighttime, dirt, etc.Type II Civilization as a Goal
Musk has expressed a vision of "humanity becoming a Kardashev II-level civilization – one that can harness the Sun's full power." He notes that progressing along the Kardashev Scale would increase energy harnessed on Earth a hundredfold (mostly solar), and then "perhaps a billionfold" at Kardashev II with space-based solar power.Practical Application
Rather than treating it as abstract theory, Musk has recently proposed through SpaceX the launch of up to one million solar-powered satellites into low-Earth orbit, framing this as a step toward the Kardashev II vision.His Core Argument
Musk uses the scale to support his position that solar energy isn't just one option among many—it's mathematically inevitable as civilizations advance and need to harness greater quantities of energy.
Yes, I’m looking to buy and hold for at least 10 years, then make a decision.
I read somewhere that someone who invested $1000 with Tesla at the IPO, it’s now worth $385,000.
The way I’m looking at it is, if SpaceX goes to Zero it’s not catastrophic but if the stock performs anywhere near Tesla, then retirement got a whole easier and my heirs will be very happy.