Welcome back to the Saturday Q&A.

As expected, this week's inbox was dominated by one topic: Space.

With the SpaceX IPO just days away, readers had questions about everything from Tesla's ownership stake to IPO options trading and whether SpaceX launches should boost confidence in companies like AST SpaceMobile.

Let's dive in.

BIG Announcement – SPACE WEEK

Before we get to the questions.

I’ve got a big announcement.

Given the gravity of the SpaceX IPO…

I’ll be writing to you six times next week – all relating to SpaceX, Space stocks, which stocks to buy, which stocks to stay away from, and much more.

Join me for SPACE WEEK starting Monday.

Will the SpaceX IPO sink Tesla shares or boost shares? – Willie

Hi, Willie, I don't think the SpaceX IPO will have much impact on Tesla shares one way or the other.

Yes, Tesla owns roughly 19 million shares of SpaceX, and that stake is certainly valuable.

But Tesla is already a $1.5 trillion company. Even a very large move in SpaceX's valuation would only modestly impact Tesla's overall value.

In other words, Tesla's SpaceX ownership is a nice asset, but it's not large enough to fundamentally change the Tesla story.

At the end of the day, Tesla shares will continue to trade based on things like vehicle deliveries, robotaxis, Optimus, energy storage, and AI. Not because SpaceX went public.

Hi Davis, I’m not understanding why no one is talking about buying IPO SPCX short-term calls as soon as the market opens Friday, watch the frantic buying jack the price up, and then selling the calls back toward the end of the day. Essentially day trading a meme stock. – Scott

Great question, Scott. To answer that, we have to look into the inner plumbing of the stock market.

The short answer is options won’t be available to trade until about 3 trading days after the IPO.

The exchanges won't list them on IPO day for two main reasons:

• The Rulebook: Regulators require a brand-new stock to trade for a few days first to prove it has enough shares available to the public and that the price holds steady above a certain threshold.
• The Math: Options prices are based on volatility. On day one, an IPO is a total rollercoaster. Wall Street needs a few days of data just to figure out how to price the options accurately.

So it’s a good thought… but not feasible in reality.

I believe the next AST SpaceMobile (ASTS) satellites are scheduled to be put in orbit by SpaceX Falcon 9. Should this bring confidence back to ASTS buyers? – Wanda

Absolutely. Having a reliable launch partner like SpaceX is a major advantage.

There's also been encouraging news out of Blue Origin. The delay caused by the recent rocket explosion appears to be shorter than initially feared.

That too is a positive development for AST SpaceMobile investors.

Do you still think Fannie Mae (FNMA) is a good buy? – Mark

Yes!

Important Update: Follow The Million Mission on Twitter/X

Big news: I just launched a Twitter/X account so you can follow along with The Million Mission in real time. If you want quicker insights, early reactions to breaking news, and a closer look at how I’m navigating the road to $1 million – this is where I’ll be.

Come hang out, ask questions, and follow the Mission as it happens @DavisPWilson.

Another Important Update: The Million Mission website is live!

I’ve gotten plenty of feedback regarding where to find previous alerts. Well, The Million Mission website is finally live and you can check out archived alerts here.

Portfolio Overview

Here’s what I’m currently holding in The Million Mission portfolio:

Fannie Mae (FNMA) – 2,500 shares @ $7.25/share

Uber Technologies (UBER) – 200 shares @ $80/share

Nvidia (NVDA) – 200 shares @ $179/share