I passed on SpaceX and the market made me feel foolish, but only briefly
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The problem was not that SpaceX could not become a dominant player in its field, but that the price already assumed it would do so.
ST ILLUSTRATION: MANNY FRANCISCO
- SpaceX's IPO surged initially, rewarding early investors, but a swift 20% drop and $600 billion market value loss validated cautious investor hesitation.
- SpaceX's strong technological achievements and business potential contrast with its high valuation, which assumes flawless execution and faces regulatory, competition, and capital challenges.
- The author emphasises disciplined investing, understanding valuations, and diversification to manage hype-driven risks and regrets in high-profile tech investments like SpaceX.
AI generated
SINGAPORE – Several months before its public listing, I thought Elon Musk’s SpaceX would be the trade for me to catch up on missed opportunities in the technology sector.
