r/stocks
A word on investing, SpaceX, and cognitive dissonance
Author concedes SpaceX's flaws but argues morals and fundamentals won't stop the stock from leading market rallies.
- Moral judgments and personal opinions about Elon have no meaningful impact on stock price
- Market has always gone up historically; SpaceX will be at the forefront of future rallies
- Macro events like tariffs and strait closures ultimately don't matter for long-term price direction
- SpaceX is clearly overvalued at $1.8 trillion
- SpaceX's business model makes no fundamental sense
- Company has unfairly sidestepped regulations
Watching people let their emotions dictate their investing in this subreddit never ceases to amaze me, and SpaceX is the latest example.
Yes. It's obvious that SpaceX isn't worth 1.8 trillion.
Yes. Elon is a trash human.
Yes. SpaceX has side stepped a lot of regulation unfairly.
Yes. SpaceX business model makes no sense.
Here is the part people will refuse to accept: No, none of these factors will impact the stock price in a meaningful way. Many will make a lot of money off investing in Elon and your moral compass or opinion won't change that.
For the record I have no skin in the game, I'm DCA broad market 17 years, never sold a dime. But I've seen this story dozens of times, hell I've seen it three times during Trump's second term.
Tariffs, strait closure, none of it matters. If the market continues to go up (it will, it always has), you better believe SpaceX will be at the forefront of those rallies.