Do yourself a favor and DCA in from here. SpaceX was "only" valued at 210 Billion back in June 2024, around 11% of its current valuation. A return to that valuation would take it down to ~$16/share!

SpaceX is a phenomenal company. I've wanted to buy in since 2009. But the stock is the exact inverse of my ideal single-stock investment thesis--huge downside with severely limited short-to-mid-term upside, given the huge premium already being paid.

Maybe take a look at Rocket Lab :)

I'm thinking that over the course of the next 10-18 months the price should continue to come down as pre-IPO shareholders become unlocked and can sell their shares.

Me too, and not for any rational reason or because I value my money or my investing strategies, but simply because I have a high risk tolerance, and it seems like these days that’s all you need to make money.

No real skill, no real research. Just ride the hype train, shrug if you lose, and never gloat when you win. Simply take the profit, stfu, and buy a Porsche or some RAM.