Gene Munster, a prominent investment analyst at Deepwater Asset Management, is optimistic about SpaceX's upcoming initial public offering (IPO), set for June 12 at a price of $135 per share. He foresees initial trading volatility but believes that the long-term narrative will remain strong, driven by the company's rapid revenue growth and significant market opportunities in sectors like AI and national defense. Munster noted that negative sentiment leading up to the IPO could actually support stronger initial trading, suggesting that skepticism among investors may create a contrarian advantage. He is unequivocal about his intent to purchase shares at the IPO price, stating he would even consider buying shortly after if prices rise. Munster also highlighted the evolving nature of SpaceX's AI partnerships, cautioning that while they may contribute to revenue, their long-term stability is uncertain. Overall, Munster emphasizes the importance of focusing on SpaceX's long-term performance rather than just the initial trading days.