What About SpaceX?

I’ve been investing since the 1980s. Investing is the buying of an asset that you intend to keep for years or decades. Which brings me to the recent SpaceX IPO. During the last thirty years, there have been many businesses that have gone public with losses. Some of them turn into wild successes. Many are not. NVIDIA is an established company and a recent AI success story. Their CEO made calculated bets on the future twenty years ago that have been paying-off the last five years in particular. It trades at 31-times earnings and 21-times profit. These are actual, not forecasted results. A $10,000 investment in NVIDIA stock on June 15, 2015 is now valued at $2,204,870 on June 19, 2026. The compound growth rate (CAGR) of that investment has been 62.97% per year. Another way to think about it—the investment doubled in value, every 15.5 months. Let’s compare SpaceX to Nvidia. SpaceX has revenues of $19 billion and Elon Musk is telling investors SpaceX’s market is $28 trillion over the next…