Key insights
- The post discusses an individual's decision to invest in a SpaceX pre-IPO SPAC (preSPAX) with a projected ROI based on a significant price increase upon going live. The investment carries risk due to the speculative nature of pre-IPO investments and the potential for overvaluation. The lack of details and the high projected ROI suggest caution, potentially negatively impacting market sentiment towards similar ventures.
After deliberating for a while, I decided to make the bold step and commit some of my savings for the SpaceX pre-IPO which will be going life officially on April 21.
After some calculations regarding the numbers and feasible returns, I decided to go for the preSPAX which will mirror it price in a 1:1 valuation.
Currently the preSPAX valuation is $650 with projected price when it's officially live around $1000+
I'm just hoping this gives me a good ROI
Is this a good investment or Just another mistake?