r/WallStreetbetsELITE

I know the bear case

Here’s a quick grok summary

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**Bear Case for SpaceX IPO (at \~$1.5–2T valuation):**
**Insanely expensive**: 75–100x+ revenue multiple on a company still burning cash and not clearly profitable. Prices in perfect execution for decades.

**Starship or bust**: Everything (cheaper launches, massive Starlink growth, new businesses) depends on Starship working flawlessly at scale. Any delays = trouble.

**Musk risk**: Extreme volatility from his divided attention, tweets, and governance (super-voting shares give him total control).

**Mega-IPO history**: Hyped listings often disappoint post-debut amid lockups, reality checks, and multiple compression.

**Bottom line**: Remarkable company, but priced for perfection with little margin for error. High risk of sharp post-IPO drop if growth slows or timelines slip.

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NOW THIS QUESTION IS FOR IPO BUYERS

I’m well aware of everyone who thinks this thing is overvalued.

So I’m looking for those who plan to buy on IPO day and what their bull case is despite the bears.

And if you are planning to lump sum or DCA

Please refrain from commenting really with bear cases.

They are so prolific across reddit it’s not needed.

When did WSBE and WSB become a bunch of fucktardians? When did Powel become a good guy and when did both boards become so obsessed with Trump?

Today my laptop nearly broke down because ChatGPT advised me to do a clean installation of NVIDIA drivers instead of an express install (which failed) and then goes on this deranged track of fixing it back again. Hundreds of my family members who trust me with millions of dollars were affected while I was trying to fix the issue.

So when people confidently claim Al is about to replace the entire $300B Indian services economy in next 2yrs which serves as massive back office supporting multinational tech firms along with highly skilled engineers graduating from top universities across not just the US but the entire world, who work at companies like Google, Microsoft, Meta, and others, it honestly feels difficult to believe.

Maybe that happens post 2050 when the error rate is near 0. But right now? We still seem far from that reality which then begs the question why are so many companies slowing hiring? Is it truly because Al can already replace large portions of human labor, or is it more that higher interest rates and debt servicing pressures are forcing companies to cut costs while "Al" becomes the convenient narrative?

In Paul Krugman's tone "As we look back on this decade, my suspicion is that these chatbots will turn out to have had remarkably little effect on the broader trajectory of humanity except, perhaps, for replacing manual web searches with something closer to a pocket encyclopedia which speaks to you and is right 90% of the time"

P.s. I fell into the 10% edge case or maybe ChatGPT is so much worse than Gemini and miles away from Anthropic.