Aug. 4 at 7:26 PM
A lot of
$SPCX criticism is coming from people who never owned SpaceX exposure and never followed the valuation journey.
The reality:
Many investors underestimated SpaceX at
$70B,
$200B,
$400B,
$800B, and even above
$1T valuations.
Some say they would buy at lower valuations, but the question is:
Why didn’t they buy when those opportunities existed?
Direct access was limited, but public vehicles like
$BFGFX have provided SpaceX exposure for years.
The same mistake is happening with space names like
$RKLB and
$IRDM.
Many still view them only through today’s business model instead of what the next decade could look like.
Investing is easy when looking backward.
The real edge comes from understanding future growth before the market fully prices it in.
Of course, valuation and execution still matter.
But sometimes the biggest opportunities are found in industries that most investors are still underestimating.
