SpaceX IPO: Amazing Company, Crowded Launchpad


The Lone Star Perspective

by Matt Magee at mForce Capital

SpaceX may be one of the most important private companies on Earth, or slightly above it, but that does not mean investors should rush into the IPO at any price.

Recent index rule changes could create a major technical tailwind. According to the updates circulating this week, the Nasdaq 100 and Russell 1000 index rules have been adjusted in ways that could force huge passive funds to buy SpaceX much earlier than usual. The S&P 500 notably did not, so it will be 12 months and must maintain profitability before joining. That may support demand, but it also means some buyers are entering because they have to, not because the price is attractive.

That matters because valuation is already the big question. Reuters reported that Morningstar values SpaceX at about $780 billion, roughly half of its expected IPO target. Translation: the company can be excellent, and the stock can still be expensive.

There is also the broader IPO backdrop. The latest IPO scorecard shows the last 100 IPOs are slightly negative from issue price, while the Nasdaq is up more than 35% over the same period. In other words, “hot deal” does not always mean “good entry.”

The takeaway: SpaceX is a generational business, but the IPO may come with rocket-fuel pricing. Investors do not need to win the first five minutes of trading.

The Counter Trade: Find Your Matagorda

Not every launch needs your money.

The SpaceX IPO will probably be loud, exciting, and impossible to ignore. There will be headlines, valuation debates, index fund buying, and plenty of FOMO. But before you chase the next rocket ship, it may be worth asking a quieter question:

What are you actually trying to build?

The best investment decisions rarely come from panic, hype, or the fear of missing out. They come from clarity. And clarity usually shows up when you step away from the noise.

That’s the reminder from Matagorda: go somewhere still, let the world slow down, and let the land work on you. You do not need to optimize it. You do not need to turn it into a productivity hack. Just show up, disconnect, and remember what matters.

SpaceX may go to Mars. Your job is to stay grounded.

Take your time. Find your peace. Then decide.

Financial Planning for those Chasing their Matagorda

I work with people who have a lot on their plates financially and personally, including business owners, high-income earners, and those navigating major life changes like the death of a loved one or divorce.

My role is to help bring order to complexity, simplify big decisions, and create a clear path forward. The goal is not just better financial planning, but greater peace of mind and the confidence to move through life with purpose.

Schedule a meeting here.

Interesting Post and Thought Experiment.

My very short answer for here is GET OUT of there. This dude sounds miserable. Take some time, regroup, recalibrate your life, and find something you enjoy that doesn't take everything from you!

What I've Enjoyed Recently

My First Million Interviewed John Morgan, a Personal Injury Attorney. Absolutely fascinating interview. So many great business lessons in here.

David Senra interviewed Ivanka Trump. I loved this episode because it featured someone new and not a regular podcast guest, talking about the same thing you've heard a dozen times.

The Four Seasons on Netflix is an easy-to-watch show with great writing.

For those of you really looking to geek out on the SpaceX IPO, watch this interview with the CFO.

Let's end on a positive and lighter note. This kid crushes his performance.

See Ya Soon

-Matt Magee

Copyright (C) 2025 mFORCE Capital All rights reserved.


Registered Representative of Sanctuary Securities Inc. and Investment Advisor Representative of Sanctuary Advisors, LLC. Securities offered through Sanctuary Securities, Inc,

Member FINRA, SIPC. Advisory services offered through Sanctuary Advisors, LLC., a SEC Registered Investment Advisor. mFORCE Capital is a DBA of Sanctuary Securities, Inc. and Sanctuary Advisors, LLC.

mForce Capital - 1415 Ballinger St Fort Worth, TX 76102
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The Lone Star Perspective

Navigating the complexities of wealth, private business exits, and high-income preservation. Built for those who have already won the game, but want to optimize the outcome.

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