Technology

It's worse than that... what they IPO with is basically a tiny percentage of SpaceX composed solely of xAI

The entire stock market is basically 99.9% blind speculation and 0.1% basic math, which is why it rarely makes sense

The corporate governance arrangements (or lack thereof) should be enough to make any investor with two functioning brain cells stay well clear. But the stock market has lost all touch with reality long ago. The crash will be brutal. And small investors will hold the bag, as per standard procedure.

The only people that got in below 160 a share are insiders, space x employees and institutional investments. That's why they did a day 1 rug pull when the stock reached 180. They made sure no matter what was gonna happen, they weren't going to be the bag holders.

For all his false promises: https://elonmusk.today/

Jesus Christ thank you for reminding me to confirm I keep his shit as far away from my pension as possible. Thankfully I'm in Canada so I feel there's a hope

Soon, pension funds and 401(k)s are going to feature SpaceX stocks.

Not mine. I'm selling my NASDAQ index fund next week. Thankfully the S&P said no.

My favorite part about data centers in space is it may actually be impossible from a physics standpoint to build the heat radiators large enough for even a small one. Even though space is cold and would seem to make sense, it is also a destructive vacuum and to radiate even a small amount of heat outside of a shielded core would take a huge array of radiators

There is literally nothing but hope behind the valuation. Same as Tesla. Just dreams and hopes.

Get out of here, fracking lazy SOCIALIST!! 😡

Nope. Since everyone bought his shares he got to keep their money

I think you mean PLUNGED or DECIMATED!

/s

Also I’m sick of these words in titles. As you said it’s barely a ripple overall.

It was already stupidly diluted. Dumbest investment out there with only one way to go.

They're making an exception to put it into index funds more quickly than is ordinarily allowed, so a lot of normal people might end up holding it too...

The stock market doesn't work like this anymore and hasn't for several years... maybe decades. Share price is completely decoupled from fundamentals. The way you make money for shareholders is by getting the stock price to go up and what the actual company does or doesn't do is not particularly a consideration anymore.

I go one step further and say that I personally believe the market itself is rigged, has been rigged since just after 2008. It is fully under control by dark pools, algorithms, HFT and AI. We will never again see an appreciable crash in the market, just things which vaguely resemble "normal" market action as the overall line continues to go ever upward.

The stock market is now fully a money-generating machine for the Epstein class. I have been saying this since about 2014 when I read Flash Boys by Michael Lewis and the Dow was at 18,103, Nasdaq 4,773. Even today with this news, the Dow is up currently 72 at 51,564 and the Nasdaq is up 496 at 26,517.