I Didn't Buy the SpaceX IPO. Here's Why, and What I Bought Instead.

SpaceX's IPO has been highly successful with shares up 15% since debut and a market cap of $2.43 trillion. However, the author believes the valuation is too rich relative to current sales and has instead invested in Kraken Robotics, a subsea technologies company with a $2 billion market cap. Kraken is positioned for rapid growth through its acquisition of Covelya and benefits from rising defense spending and offshore energy projects.