Patrik has explained it very well why spacex and companies related to musk are a mess
[https://www.youtube.com/watch?v=IHD8BDFYyGI](https://www.youtube.com/watch?v=IHD8BDFYyGI)
But given that nasdaq has bent its rules for spacex and for the likes of anthropic, openai etc. I was wondering are there any bullish arguments for Spacex? Sure nothing comes close to them as of now. But at one point Tesla was the same and thanks to musk it is getting slaughtered in terms of sales in the EU and Asia, its share price tells a different story I know. Musk who was its greatest strentgth became Tesla's biggest weakness and now is just funneling money from his one company to another.
His class B stocks in SpaceX which gives him absolute control is the biggest question mark. Musk fans are going to buy this and as it will add up in the index, its price will shoot up. But from a purely investment pov, what do u think about the upside potential for spacex?
