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SpaceX files to go public

nytimes.com

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Re: SpaceX files to go public

#251

Post by compass_copium »

irishcoffee wrote: post #192
sublinear wrote: post #162

Earlier quoted context omitted.

I kinda disagree because while most search engines failed and Google succeeded, they did not succeed by simply being a better search engine. This is only further demonstrated by their excellent leverage of Gemini. Google continues to succeed at being Google.

They absolutely succeeded because they had a better search engine. Without a doubt. I imagine there’s more than a few folks around here who used shit like askjeeves, altavista, et. al. Google was heads and shoulders better than those, and continued to get better over time. No, I’m no Google fan, but it’s revisionist history to say they didn’t have the best search engine.

I used Dogpile "because it searches all of them at once!" until I realized that only Google's results were worth anything.

Re: SpaceX files to go public

#252

Post by compass_copium »

lacy_tinpot wrote: post #205
riffraff wrote: post #116

Earlier quoted context omitted.

That's not true at all. I am confident some companies will make bank with AI. I am also confident xAI is not one of those. It's as if you said "if you don't think Lycos is a good business you don't think search engines can work in general".

>I am also confident xAI is not one of those Surely you're going to buy long Put options with that confidence, right?

The market can stay irrational...

Re: SpaceX files to go public

#253

Post by bko »

jordanb wrote: post #15

You don't have to believe. If you have a 401k you will be an investor 15 days after launch. The IPO will go great, because the company will float a fairly small issuance. The big shareholders will not immediately sell. They will hold on and maybe even buy to support the price. Then, after 15 days, it will enter the indexes and everyone's 401k will start auto-buying this stock. You might say this is an obvious flaw in…

[flagged]

Re: SpaceX files to go public

#254

Post by jppope »

RealityVoid wrote: post #121
indoordin0saur wrote: post #113

SpaceX has reduced the cost of getting a ton of mass into orbit by a factor of 10 and with their new system (Starship) it's poised further reduce that to 100x. They launch, land and re-use their rockets so often now that what was considered impossible 15 years ago is now routine. They currently put more things into space than the rest of the world combined and by a huge margin. They also have the most advanced intern…

It has technical merit and it is impressive. But I doubt it's worth that much. I guess Musk has the talent of pushing and getting what he wants, so I guess we'll see how it plays out. I'm just afraid for the future is SpaceX in these crazy crazy times.

thats the game though. Elon is selling a "slice of the future" and everyone starts having FOMO... the result is a P/E ratio of 300 or whatever crazy number. We will all agree that the company isn't worth that, but theres a bunch of people happy to buy meme stocks that will make a ton of money without the slightest idea of how to value stocks. Botton line an asset is worth what people are willing to pay for it.

Re: SpaceX files to go public

#255

Post by topaz0 »

vel0city wrote: post #243
tw04 wrote: post #224

Earlier quoted context omitted.

$50,000. Gotta be accurate. Just saying 50,000 implies her incoherent rant was even a little bit based in reality. https://youtu.be/WK12_IkAj2s?t=94

But the DJIA isn't in dollars it's in points.

I hope you inform our attorney general

Re: SpaceX files to go public

#256

Post by a4isms »

bko wrote: post #253
jordanb wrote: post #15

You don't have to believe. If you have a 401k you will be an investor 15 days after launch. The IPO will go great, because the company will float a fairly small issuance. The big shareholders will not immediately sell. They will hold on and maybe even buy to support the price. Then, after 15 days, it will enter the indexes and everyone's 401k will start auto-buying this stock. You might say this is an obvious flaw in…

[flagged]

My dude(ette):

This place discusses SpaceX technical things all the time. But SpaceX is not a research lab. It's a company. That does business. And is going public. Taking a little time off from arguing about thrust and payload to talk about their business paratices, lobbying and late-stage capitalism is not only appropriate here...

Look around you. This may be called "Hacker News," but it is run by and for the benefit of a business, YCombinator. Speaking bluntly, if you come here only to talk tech, you're only getting half of the HN value proposition. The value of HN is that it mixes business with pleasure, so to speak. Many people here will either work for a tech business or found one. You can find technical discussions everywhere. Business discussions tailored for tech? That's actually very, very valuable.

Re: SpaceX files to go public

#257

Post by topaz0 »

TacticalCoder wrote: post #250
TheAlchemist wrote: post #46

Earlier quoted context omitted.

I really wish more people were aware of this. It's a major scandal and definitely not being talked enough about. Nevermind SpaceX, which at least have some importance for US defense industry, but xAI ? We will be investing in Elon's private venture, at the price that he himself set and which is at least 2 orders of magnitude too high...

[flagged]

[flagged]

Re: SpaceX files to go public

#258

Post by lotsofpulp »

riffraff wrote: post #119
lotsofpulp wrote: post #97

Earlier quoted context omitted.

Based on the list of businesses at the top, the stock market seems like it rewards profit margin and profits, by businesses that sell meaningful products and services. https://companiesmarketcap.com Can you provide an example of any of the businesses on that are on that list due to "mass stupidity"? They all seem to operate factories, employ many highly qualified people, and make a material difference in many or even…

I mean, that list has Tesla, which is overvalued by any plausible valuation approach.

Even if Tesla is overvalued, surely 1 example is insufficient to substantiate that mass stupidity is being rewarded.

I spent many words explaining that the list of businesses at the top are basically at the top of their game, worldwide.

Re: SpaceX files to go public

#259

Post by [deleted] »

irishcoffee wrote: post #192
sublinear wrote: post #162

Earlier quoted context omitted.

I kinda disagree because while most search engines failed and Google succeeded, they did not succeed by simply being a better search engine. This is only further demonstrated by their excellent leverage of Gemini. Google continues to succeed at being Google.

They absolutely succeeded because they had a better search engine. Without a doubt. I imagine there’s more than a few folks around here who used shit like askjeeves, altavista, et. al. Google was heads and shoulders better than those, and continued to get better over time. No, I’m no Google fan, but it’s revisionist history to say they didn’t have the best search engine.

[deleted]

Re: SpaceX files to go public

#260

Post by lotsofpulp »

Spooky23 wrote: post #198
lotsofpulp wrote: post #97

Earlier quoted context omitted.

Based on the list of businesses at the top, the stock market seems like it rewards profit margin and profits, by businesses that sell meaningful products and services. https://companiesmarketcap.com Can you provide an example of any of the businesses on that are on that list due to "mass stupidity"? They all seem to operate factories, employ many highly qualified people, and make a material difference in many or even…

Tesla is a great example. It’s 30% retail, 25% elon and insiders, and the remainder institutional, mostly index funds. The investment thesis for Tesla is absurd. They built the market cap on hype and it got big enough that it remains a force. It’s a flailing company, kept afloat by bullshit. The bigger issue is the death of small cap. Massive venture, sovereign wealth and PE funds don’t need the public market capital…

> The investment thesis for Tesla is absurd. They built the market cap on hype and it got big enough that it remains a force. It’s a flailing company, kept afloat by bullshit.

Maybe, or maybe they are one of the few businesses people want to bet on to be able to create new streams of revenue. Intel used to be big, and now it isn’t. It being big didn’t help stop its demise.

> The investors cashed out their shares to the public, who took the loss.

They didn’t. The biggest investors, the founders, still have almost 50% of the shares. Also, SNAP peaked at $131B in September 2021, 2 years after SNAP went public at $27B.

Would you have written then that “The investors cashed out their shares to the public, who took the loss”?

Of course not. Because index fund investors did not cause it to go to $131B, and they didn’t cause it to go to $6B.

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