After SpaceX's IPO went down in history as one of the largest ever in the capital markets, the question many investors began asking themselves is: is it still worth buying shares in the company?
In an interview with Janela de Mercado , Marcelo Boragini, head of equities at Davos Investimentos, says that the answer requires caution. In his assessment, Elon Musk's company is much more than a rocket manufacturer. SpaceX brings together three strategic businesses that underpin its trillion-dollar valuation: space exploration, connectivity via Starlink, and artificial intelligence through xAI and the X network.
Despite the thesis being considered solid, Boragini warns that the company's low free float could distort the share price. With a reduced portion of the shares available for trading, the prices tend to reflect the imbalance between buyers and sellers more than the company's fundamentals.
"The screen price will only reflect the imbalance between buyers and sellers, and not the actual value of the company."
Watch the video to understand if it's still a good time to buy SpaceX stock and which other companies in the space and artificial intelligence economies could benefit.
