SpaceX’s IPO filing is compared to the WeWork IPO, with SpaceX portrayed as a greater threat to investors. Tesla is cited as trading at over 300 times earnings, while Ford and Toyota trade around 11 times and Nvidia around 33 times. SpaceX is described as a blend of space, AI, and social-network elements, yet treated as a meme stock that need not be rational. The S-1 is said to repeat “extend the light of consciousness to the stars” seven times and include “Life on Mars” imagery. Thirty percent of the IPO is reserved for retail investors, and Nasdaq rule changes are suggested to enable fast index inclusion, encouraging participation by those expecting cult-driven demand.
"Musk is the original financial influencer, and his struggling electric car company, Tesla, trades at more than 300 times earnings. Ford and Toyota both trade at about 11 times earnings. Even Nvidia, a company that is arguably printing money, trades at 33 times earnings. Tesla is a meme stock, and SpaceX is poised to be the next one."
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