Hacker News Board Hacker News, browsed like a classic message board
Live data from Hacker News

SpaceX files to go public

nytimes.com

Post reply on HN
Print view View original

51–60 of 631 posts

Re: SpaceX files to go public

#51

Post by michaelt »

throwaway85825 wrote: post #17
Ekaros wrote: post #10

Earlier quoted context omitted.

On one hand I do take some enjoyment of suckers being fleeced. But on other hand I know who this all will benefit so I really can't do that. As whole I find that valuation just insane, but seemingly if you only offer tiny enough slice with enough hype it might bump prices to something that really make no sense at all...

The suckers being fleeced are every pension fund in the world. They're demanding the S&P includes them faster to force ETF owners to buy in before the price tanks.

God forbid we participants in the stock market evaluate a business before investing in it, or do any sort of work to get the return we're promised.

I, for one, much prefer to earn a 9% return without expending any effort or thought at all.

Re: SpaceX files to go public

#52

Post by ACCount37 »

rvz wrote: post #27
deepsun wrote: post #13

Earlier quoted context omitted.

I've got plenty of downvotes here on HN for critiquing him on Stage 1, herd mentality is relevant for HN community just as well.

"Full Self Driving" was also a giant scam. Got heavily downvoted for that as well.

You should expect to be downvoted for being wrong.

Re: SpaceX files to go public

#53

Post by throwaway85825 »

michaelt wrote: post #51
throwaway85825 wrote: post #17

Earlier quoted context omitted.

The suckers being fleeced are every pension fund in the world. They're demanding the S&P includes them faster to force ETF owners to buy in before the price tanks.

God forbid we participants in the stock market evaluate a business before investing in it, or do any sort of work to get the return we're promised. I, for one, much prefer to earn a 9% return without expending any effort or thought at all.

For most people their talent and expertise does not involve investing. That's why pensions and 401ks exist and why S&P/nasdaq have rules to protect the public.

Re: SpaceX files to go public

#54

Post by FireBeyond »

indoordin0saur wrote: post #44
skeeter2020 wrote: post #26

Earlier quoted context omitted.

Unless you literally have nothing, YOU are one of the millions being fleeced. Pensions & retirement funds, any index fund that comes remotely close to technology, any equity you own in a venture in tech, any industry that via very short linkages is connected. Good luck avoiding this.

You only get "fleeced" if the stock crashes. If it's that terrible of a stock then the price will be low. As far as SpaceX goes, I think there are far riskier companies with little prospect of doing well.

How about xAI? Losing $6B a year and with that whole "Grok, generate me an image of this child with no clothes on" horrorshow?

Sorry, "xAI, a wholly owned subsidiary of SpaceX".

Re: SpaceX files to go public

#55

Post by bryananderson »

michaelt wrote: post #51
throwaway85825 wrote: post #17

Earlier quoted context omitted.

The suckers being fleeced are every pension fund in the world. They're demanding the S&P includes them faster to force ETF owners to buy in before the price tanks.

God forbid we participants in the stock market evaluate a business before investing in it, or do any sort of work to get the return we're promised. I, for one, much prefer to earn a 9% return without expending any effort or thought at all.

You may wish it were not so, you may find it inelegant and infuriating and unfair, but it is a fact that retail investors nearly all underperform the market over a long enough time horizon. Maybe you are built different but for most of us it is very rational to take the market return for “free”.

Re: SpaceX files to go public

#56

Post by ACCount37 »

Diederich wrote: post #21
chasd00 wrote: post #11

The thing i'm not looking forward to is SpaceX will now be beholden to Wall Street. With Startship testing being so public, there's a whole cottage industry of youtubers watching their every move, there's going to be lots of ups and downs on the stock price.

> SpaceX will now be beholden to Wall Street I get and appreciate that sentiment. Musk currently has a controlling interest in SpaceX. Do you expect that to change after the IPO? Thanks!

I expect that the amount of "good influence" institutional shareholders can exert on SpaceX leadership and operations is about zero, and the amount of "bad influence" is more than that. Thus, the only way this can affect SpaceX's leadership is negative.

A big part of how SpaceX did what they did is that they weren't beholden to institutional pressures. They could afford to take major risks. This may change when a pool of investors who don't care about space and just want the line to go up end up being stakeholders.

Re: SpaceX files to go public

#58

Post by moogly »

chasd00 wrote: post #11

The thing i'm not looking forward to is SpaceX will now be beholden to Wall Street. With Startship testing being so public, there's a whole cottage industry of youtubers watching their every move, there's going to be lots of ups and downs on the stock price.

What makes you think this will be different from Tesla?

Re: SpaceX files to go public

#59

Post by throwaway290 »

indoordin0saur wrote: post #42
throwaway85825 wrote: post #17

Earlier quoted context omitted.

The suckers being fleeced are every pension fund in the world. They're demanding the S&P includes them faster to force ETF owners to buy in before the price tanks.

Why are they being fleeced? If people didn't want to buy SpaceX they could buy some other ETF that doesn't include it. If there's enough of a demand I'm sure ETFs will be offered which include all the big indexed stocks except SpaceX.

Yes Americans will definitely move their 401k over this /s

Its fleecing because it basically takes everybody's money and gives it to support musk's money loser xai. SpaceX net profit 8 billion per year (previous years much less) and Xai was net losing 1.5 billion per quarter.

Post reply on HN