AWM Capital

SpaceX stormed Wall Street and the world lined up to swing at the first pitch, hoping to catch lightning in a bottle. At AWM, we’ve seen this play before—the crowd chasing manufactured scarcity, headlines, and FOMO, not the fundamentals.

Great companies don’t always equal great investments—especially at moments of peak hype. For real wealth builders, the best entry points are methodical, early, and disciplined; they happen when the stadium is still empty, not when the wave crashes through the gates.

Our playbook for multi-generational wealth looks different:
• Seek access at the right time, long before the mania
• Stick to thoughtful, probability-driven allocations
• Value integration from a team with full-field vision

The front office doesn’t call every audible from the bleachers. They get in position, anticipate the play, and make the strategic move. If you’re already invested through venture or private funds, you have your ticket—no need to chase the crowd. If you’re on the sidelines, avoid chasing the headlines.

Thoughtful moves create legacies that last. 🏈🛡️🚀

🎧 Tune into the latest AWM Insights for more: https://www.athletefamilyoffice.com/resource/hype-vs-fundamentals-what-smart-investors-know-about-the-space-x-ipo-awm-insights-256

📱 And text us your investment questions: 626-862-0355

Hype vs. Fundamentals: What Smart Investors Know About the SpaceX IPO | AWM Insights #256 | AWM – The Athlete Family Office In this episode of AWM Insights, hosts Justin Dyer and Mena Hanna break down the buzz surrounding the historic SpaceX IPO. They examine the mechanics behind the IPO's massive valuation, offer candid opinions on market hype and intentional scarcity, and discuss the psychological traps that lure inves...

The world watched SpaceX go public, electrified by headlines, scarcity, and FOMO. We’ve seen this before—when emotion takes the field, fundamentals sit the bench. At AWM Capital, we use a different playbook: we build wealth on purpose, not hype.

For clients in our venture fund, the smart entry point for SpaceX happened before the recent craze—an allocation purchased at a more reasonable valuation. There’s no need to scramble for a spot in the starting lineup when you already have tickets to the party. The smart question: When did you get in—and why?

Here’s how we approach opportunities like this:
• Separate being a fan from being a methodical investor
• Build positions patiently, anchored by long-term priorities
• Rely on data and team discipline, never the crowd or the headlines
• Prioritize the 100-year family over a single moment

SpaceX is an extraordinary company, but that alone doesn’t make it the right move today.

Tune in for the full conversation: https://www.athletefamilyoffice.com/resource/hype-vs-fundamentals-what-smart-investors-know-about-the-space-x-ipo-awm-insights-256

We look at hundreds of private opportunities a year. We say yes to a handful.

Today, one of those companies — SpaceX — went public.*

For the families we work with, today wasn't the headline. They'd been part of a decision we made carefully, long before the public stage.

The authority a family office earns isn't in predicting outcomes — it's in the discipline of the no, and the rarity of the yes. That's the part worth a conversation.

* Informational only, not an offer or solicitation. A reference to a specific portfolio investment doesn't represent all investments AWM has made, and it shouldn't be assumed that any investment was or will be profitable.

Read more, including disclosures: https://www.athletefamilyoffice.com/resource/spacex-a-name-our-families-knew-a-long-time-ago?utm_source=awm-capital&utm_medium=facebook&utm_campaign=spacex-announcement&utm_content=announcement

The market lost $400 billion in two trading days. Here's what it should remind every investor.

Broadcom released guidance that was, by any reasonable measure, fine. Not bad. Not a disaster. Just a signal that investor optimism had outpaced reality.

The result? Roughly 20% of their market cap — gone.

This is what happens at the peak of a hype cycle. When you're pricing a company at 80x earnings, you're not investing in what it is. You're betting on what it has to become. And more often than not, that bet doesn't pay off.

Tesla trades at around 360 times. Nvidia — a company with genuine, fundamental earnings growth — trades at 30x. The difference matters. Nvidia is aggressive but arguable. Tesla is a narrative.

For the families we work with, this distinction is everything.

Most of our clients have already won the lottery. The goal isn't to risk those winnings chasing another jackpot. It's to deploy capital in a way that gives you the highest probability of being where you need to be in 20, 50, and 100 years.

That doesn't mean ignoring tech or avoiding companies like Broadcom and Nvidia altogether. It means right-sizing exposure. Staying diversified. Favoring companies with real cash flows and reasonable valuations alongside the high-growth names.

SpaceX IPO coming? Interesting — but playing IPOs is historically a wealth-eroding exercise, not a wealth-building one.

The tried-and-true approach isn't exciting. But it's the one that actually works across generations.

Own your wealth. Make an impact. Always be a pro.

🎧 Tune into the latest AWM Insights for more: https://www.athletefamilyoffice.com/resource/investing-in-hype-markets-that-dont-make-financial-sense

📱 And text us your investment questions: 626-862-0355

Investing in Hype Markets that Don't Make Financial Sense | AWM – The Athlete Family Office Justin and Mena unpack the current hype cycle: including the approaching SpaceX IPO at a reported $1.8 trillion valuation and Broadcom's $400 billion market cap loss.