Jefferies' Chris Wood says investing in SpaceX is ultimately a bet on Elon Musk rather than valuation metrics. He highlighted the explosive demand for leveraged SpaceX ETFs and warned that changes to index inclusion rules could reshape passive investing, further strengthening the dominance of US equities in global benchmarks.
Jefferies' Chris Wood suggests investing in SpaceX is primarily a bet on Elon Musk's vision, rather than traditional valuation metrics. He noted significant demand for leveraged SpaceX ETFs. Wood also cautioned that potential changes in index inclusion rules could significantly…
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