Many people ask me for my opinion on SPCXx; I have had in-depth discussions with GPT regarding the participation in Space X IPO, Based on the principle of being the first force in human destiny, I still want to participate! Of course, there is no investment advice here because I have a leek mentality, mainly to brag to my grandchildren in the future about participating in the first great IPO in human history. Here are some data and comparisons to help everyone make informed decisions: one ️⃣ I might try using 10-20W to give it a try; At present, there is a price forecast of 170+in the market, which is much higher than the original cost of 135, but I think this is somewhat of a Fomo sentiment; two ️⃣ Attractive but not cheap: SpaceX's fixed price this time is $135/share, with a target financing of $75B and a valuation of approximately $1.75T. Reuters also mentioned that its 2025 revenue will be approximately $18.67B and net loss will be $4.94B, with a valuation of over 90 times its revenue, which is a very high multiple. In addition, due to the hot market demand, there is a demand of about $150B corresponding to a financing of $75B, and SpaceX is considering a placement of up to about 30% to retail investors, which indicates that there may be short-term fundraising and emotional premiums, but also shows that this is a very crowded transaction. three ️⃣ Real stocks do not have dividends; At present, whether through Kraken or Bybit, the obtained SPCXx tokenized equity is not the original stock, there is no dividend, and the participation price includes a 5% spread, If the final IPO price is $135, my actual cost would be approximately $141.75; The following chart corresponds to the price and the cost profit loss I received. Considering my style, I may not participate too much, 10-20 million is enough to play.