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.
SPCX will not go to Zero! The IPO reason is for Musk to raise capital to create more growth for SPCX. It is a decade ahead of the big competitors. I put in a large order with my broker, as I am in for the long term investment.
Having said that, there will be many dips in value post-IPO, as pre-IPO stock holders sell when their stocks unlock. If you need to get SPCX stock but don't want to lose money, then wait for the many dips. Also, TSLA is in a dip position now, buy that on the dip and make money on the future merger with SPCX. SPCX IPO stock is not a good bet for the short term, as capital gains will destroy any profits from selling. I bought TSLA years ago, and it has made huge gains. I expect the same for SPCX over the long term.