Will SpaceX or TQQQ stock do better over the next 5 years?
Tech seems cheap rn
You are at spacex, you gotta tell us
SpaceX private valuation is $137B but if it was IPOed today, it will be around $25B.
Starlink alone will be 1T by 2030
Right now SpaceX revenue is 3.25B, even applying a generous PS ratio of 5 (current env), valuation comes to 15B. Everyone is optimistic about their workplace, but eventually math always win (Tesla is having realization). https://payloadspace.com/spacexs-22-revenues-a-reformed-wall-street-analysts-best-guess/
Tqqq has huge expense ratio (.86%). So buying it in 2018 at 14.76, not sure if you would have had to pay a huge amount in December 21 when 81.17. Now itβs 20.1
Leveraged ETFs suffer from volatility drag over longer holding periods, and are better used for scalping/hedging. TQQQ seems like a good buy&hold only because the last bull run had historically low volatility, but it would have performed poorly in the previous bull run (before 08)
Context here is employees have a few more days to decide whether to try to sell or not in the latest liquidity offer. I wish the poll was something without technical issues like leveraged etfs since I'd be curious what folks think compared to other choices in the market.
Leveraged index have time decay π₯Έ
+1 they are only for short term hedging and speculation.