You're missing the point of SpaceX.
It's mission justifies the investment.
If you are looking for a safe and steady investment for your retirement fund, look elsewhere.
We are funding making human civilization multi planetary. That's something I care deeply about, and I don't give a fuck if you think this is too much money to spend on that.
Maximum downside is sitting here on this one rock while there's a whole massive, damned near endless universe out there to explore waiting for an asteroid, or super volcano, or whatever to erase all our civilization ever was and ever will be.
SpaceX IPO puts it at a value of $1.77 trillion
Fewer than 10 companies in world history have ever reached this valuation. Yes, ever
The financials / revenues of this company don’t merit this valuation. Not even close
Maybe you think there’s upside here bc Elon is involved. But that’s the wrong mindset
First rule of investing: protect your downside
SpaceX downside is massive