Hey SatsMate Stackers, There often is so much buzz and excitement about companies going public on the NYSE! This buzz and excitement can be a lot of fun, but this hype, not tethered to reality, can lead to excess valuations, euphoria, and people getting in for the wrong reasons. In this podcast, I go over IPOs in general, the SpaceX IPO, and my thoughts. I hope you enjoy this one as much as I did! I have lost a lot of money on IPOs in the pastIPOs are exciting; there is so much buzz when these things go publicBoth natural and unnatural buzzMany people I haven’t heard from in years on investing reached out - yellow flagThese roadshows really hype it all up, and get Investment Bankers, Large Investors & the public interestedSome examples of IPOs that have done very well, and some haven’tThe best: UBER, VISA, META, SNOW, AMZN, and more, all 100-7000% returns over timeThe Worst: FIGMA, Pets.com, Groupon, Etoys, all bankrupt or down 70-95% since IPO The lesson here is that so many IPOs do poorly, and some do wellResearch indicates that between 30-40% actually perform well, and 60-70% perform poorly over the long runI think SPACEX will be hyped for a few months, experience most of its drop in the next 12 months, and then over the long run, it may do well, as there are some impactful businesses in the portfolioReasoning: the lockup period for insiders and institutional investorsNASDAQ Situation with SpaceXMany indexes bent the rules to include SpaceX in the index401K investors are buying SpaceX in their retirement, even if they don’t want toIf you are target dated or if you have growth exposure, you will be shortly investing in SpaceXRUSSELL 1000, FTSE, Nasdaq 100, and the VTI (total market) will be buying SpaceXThey adjusted the rules for index inclusion just days before, and I think this may, unfortunately, make your average folk become the new exit liquidity My view on valuationThere are so many great companies out here, and I think, naturally, humans are greedyThe lead underwriters, like JPM, gauge interest and are the ones setting the price. I think SpaceX is genuinely a great company, but they don’t make moneyIf fundamentals matter like in the Intelligent Investor book, it would trade around $20-30 a share, maybe (and even that would be expensive)People are betting on a story, or a narrative to unfold Now, I say never bet against Elon - he goes all in on himself and his companies - and I’ve made a lot investing in Tesla You know what never had an IPO, Bitcoin - every coin is generated with Proof of Work, and was generated by miningThere was no insider allocation - I buy Bitcoin because it is fairer than stocks. Those closest to the money printer, to the elite, bankers, underwriters, etc., are the ones who get ahead with IPO’sIf you like this, feel free to share it, leave a like, or comment. Also, check out the links in the description that help support my channel and podcast. Best Regards, SatsMate Stack Referral to Stacker News: Circular economy with bitcoin discussions involved! https://stacker.news/r/SatsMate Primary Bitcoin Buys Through Strike: The primary place I go to buy Bitcoin. https://invite.strike.me/2MSTYG Secondary Bitcoin Buys Through Fold: A nice exchange w/ rewards & bitcoin buys. https://use.foldapp.com/r/HTFKVY9L https://zbd.gg/GalmaDuFria This is my personal QR code. It allows anyone to send me Bitcoin and messages directly to my ZEBEDEE. lnurl1dp68gurn8ghj7ctsdyh85etzv4jx2efwd9hj7a3s9aex2ut4v4ehgttnw3shg6tr943ksctjvajhxtmpxuurjcmxxvuz6wf58q6z6drpv5uj6c3jvy6z6epexe3ryd3kxe3kvcnr7y2uzj Financial Disclaimer: Nothing stated in this video is a recommendation from SatsMate to buy or sell a particular security or asset class. It would help if you wisely considered your tolerance for risk, time horizon, and financial goals before investing. Send us Fan Mail Support the show Youtube: SatsMate X: SatsMate Instagram: SatsMates website: https://satsmate.wordpress.com/