SpaceX IPO, why I choose to subscribe actively

Amidst the market controversy over SpaceX's trillion-dollar valuation, I choose to participate with a rational and proactive mindset in this grand capital feast of our era. This is not a speculative frenzy following the trend, but a bet on long-term trends and an acknowledgment of human exploratory spirit.

1. Seeing beyond the bubble, more importantly seeing the certainty of the stars and the sea

Indeed, there are debates about SpaceX's valuation, with risks such as losses, competition, and governance structures being repeatedly mentioned. But when we step out of the short-term volatility noise, we find that this company has already built an unshakable industry barrier: the monopoly position of Falcon 9 rockets, the explosive growth of global Starlink users, the technological leadership of deep space exploration represented by Starship... These are not intangible stories, but facts that have already landed and are continuously creating value.

We have witnessed countless "overvalued" tech giants, ultimately proving market shortsightedness through long-term growth. As a pioneer in commercial spaceflight, SpaceX's ceiling has never been just its current revenue scale, but the infinite possibilities of the human space economy, global communications, and interstellar exploration. Rather than obsessing over short-term stock price fluctuations, it is more important to see the endgame of the track — SpaceX is not competing with peers, but defining a whole new era.

‍#二、理性看待风险，不做盲目狂热，也不做过度悲观
Active subscription does not mean blindly going all-in. I am fully aware that high growth inevitably comes with high volatility, and the frenzy on IPO day and the shocks after listing are normal market phenomena. I will not participate with funds beyond my capacity, nor will I be swayed by short-term rises and falls.

This enthusiasm is built on a full understanding of the risks: I know that SpaceX will continue to invest in R&D in the short term, and profits may fall short of expectations; I also understand the uncertainties of competition and regulation, which may cause stock price fluctuations. But these risks also filter out speculators who only seek short-term gains, allowing truly long-term value investors to accompany the company's growth with a more composed mindset.

3. More than investment, it’s participating in a journey to change the world

For me, participating in SpaceX's IPO is not just a financial investment, but a small way to be involved in the progress of human civilization. From reusable rockets reducing space exploration costs, to Starlink bringing internet connectivity to remote areas, and Starship paving the way for Mars colonization, what SpaceX is doing is beyond what many dare to imagine.

I may not be able to personally participate in space endeavors, but I can support explorers who dare to look up at the stars and challenge limits in this way. When someday in the future, Starlink signals cover more corners, and humanity’s footprints step onto Mars, I can proudly say I was part of this journey, witnessing how a company turns dreams into reality.

4. Long-termism is the best mindset to cope with volatility

Capital markets have always been a collection of short-term noise, with fluctuations and bullish or bearish sentiments being normal. But for a company like SpaceX, short-term valuation disputes and stock price swings are just ripples on a long journey of growth.

I choose to participate with a long-term mindset, not fussing over the first-day gains or anxious about short-term corrections. I believe that as long as SpaceX’s core competitiveness remains and the long-term trend of the track does not change, time will ultimately reward those who invest in true value.