Can the stockmarket swallow Anthropic, SpaceX and OpenAI? • Hacker News Board

Re: Can the stockmarket swallow Anthropic, SpaceX and OpenAI?

#201

Post by fluidcruft » Tue, Jun 02, 2026, 2:51 AM UTC

JumpCrisscross wrote: post #156

grassfedgeek wrote: post #130

Earlier quoted context omitted.

This is such a scam. SpaceX used its massive IPO and listing fees (and the prestige of being the largest IPO ever) as leverage. Index providers and exchanges saw financial incentives: listing fees, trading volume, data sales, and long-term revenue from asset managers. Reuters reported that SpaceX advisers contacted major index providers (including Nasdaq) to discuss early index entry, and that SpaceX was leaning towa…

> S&P 500’s 12-month seasoning and 4-quarter GAAP profitability requirement → waived S&P hasn’t announced a final rule change yet.

Yeah, right.

Re: Can the stockmarket swallow Anthropic, SpaceX and OpenAI?

#202

Post by coliveira » Tue, Jun 02, 2026, 2:51 AM UTC

grassfedgeek wrote: post #130

augstein wrote: post #105

For SpaceX (and possible the others): Yes it can, since they changed the rules to force over $30 trillion in passive 401k and retirement money to buy SpaceX at IPO valuations. From https://x.com/Hedgeye/status/2060435253928604065 : "Rule changes for the SpaceX $SPCX IPO: Index providers waived the profitability requirement and cut the seasoning window from 90 days to 5. This forces over $30 trillion in passive 401k a…

This is such a scam. SpaceX used its massive IPO and listing fees (and the prestige of being the largest IPO ever) as leverage. Index providers and exchanges saw financial incentives: listing fees, trading volume, data sales, and long-term revenue from asset managers. Reuters reported that SpaceX advisers contacted major index providers (including Nasdaq) to discuss early index entry, and that SpaceX was leaning towa…

People buying into space x are basically telling Musk to do anything he wants with their money, no questions asked...

Re: Can the stockmarket swallow Anthropic, SpaceX and OpenAI?

#203

Post by themafia » Tue, Jun 02, 2026, 2:51 AM UTC

jandrewrogers wrote: post #162

testrun wrote: post #86

Earlier quoted context omitted.

That is revenue. What is the net profit?

If you are growing revenue at a high rate then taking profit is a misallocation of resources. That is short-term thinking. It is much better to reinvest in revenue growth. You can take small profit now or much larger profit later. Insisting that companies need to be profitable even when growing revenue rapidly is failing the marshmallow test.

> That is short-term thinking.

Then why IPO? Isn't that even shorter term thinking?

Re: Can the stockmarket swallow Anthropic, SpaceX and OpenAI?

#204

Post by s1artibartfast » Tue, Jun 02, 2026, 2:51 AM UTC

d--b wrote: post #177

augstein wrote: post #105

For SpaceX (and possible the others): Yes it can, since they changed the rules to force over $30 trillion in passive 401k and retirement money to buy SpaceX at IPO valuations. From https://x.com/Hedgeye/status/2060435253928604065 : "Rule changes for the SpaceX $SPCX IPO: Index providers waived the profitability requirement and cut the seasoning window from 90 days to 5. This forces over $30 trillion in passive 401k a…

Wow, didn’t know that. If SpaceX tanks and 401ks are left holding the bag, this could result in the biggest class action lawsuit ever.

why? the cards are on the table. If you buy a turd from me after I disclose the composition, that is on you

Re: Can the stockmarket swallow Anthropic, SpaceX and OpenAI?

#205

Post by BLKNSLVR » Tue, Jun 02, 2026, 2:51 AM UTC

Is SpaceX going to eat Tesla? As in, are a bunch of Tesla investors going to be migrating across to SpaceX since that seems to be getting more of Elon's attention these days, especially with xAI barnacled onto the side of it?

The money to participate in the IPO has to come from somewhere...

Re: Can the stockmarket swallow Anthropic, SpaceX and OpenAI?

#206

Post by worik » Tue, Jun 02, 2026, 2:52 AM UTC

thuuuomas wrote: post #183

olalonde wrote: post #120

Earlier quoted context omitted.

Comments like these make me feel like we're living in different worlds. I use LLMs multiple times a day and they've significantly improved my quality of life. They are also steadily becoming more useful over time (e.g. now solving math problems).

Do you use Grok multiple times per day? Is Grok solving Erdos problems?

> Do you use Grok multiple times per day?

No body who has a choice is using Grok

> Is Grok solving Erdos problems?

Mēh! At a slower rate than models a fraction of the price

Re: Can the stockmarket swallow Anthropic, SpaceX and OpenAI?

#207

Post by giancarlostoro » Tue, Jun 02, 2026, 2:52 AM UTC

cowmix wrote: post #133

giancarlostoro wrote: post #119

Earlier quoted context omitted.

In terms of SpaceX (the space portion of it) they've produced the cheapest way to get any payload into space. If you pay anybody else, you will overpay drastically depending on who you want to take your payload into space. In terms of AI, we've seen even here on HN everything from mathematical problems that remaind unsolved, being solved, mathematical proofs being used to disprove theories, heck we even learned more…

You'll overpay -- but not by trillions.

Sure but SpaceX can get you into orbit for $1400 per kilogram, and future projection and goal is $100 per kilogram. The competition is at $15,000 per kilogram. I think it's a no-brainer for anybody trying to get anything into orbit. Unless someone figures out superior tech that surpasses SpaceX, I'm just not seeing why anyone would spend more for less capable and costly rockets.

Re: Can the stockmarket swallow Anthropic, SpaceX and OpenAI?

#208

Post by JumpCrisscross » Tue, Jun 02, 2026, 2:52 AM UTC

themafia wrote: post #197

giancarlostoro wrote: post #119

Earlier quoted context omitted.

In terms of SpaceX (the space portion of it) they've produced the cheapest way to get any payload into space. If you pay anybody else, you will overpay drastically depending on who you want to take your payload into space. In terms of AI, we've seen even here on HN everything from mathematical problems that remaind unsolved, being solved, mathematical proofs being used to disprove theories, heck we even learned more…

> they've produced the cheapest way Were we struggling to do this before? Was the overall percentage reduction in costs? Was some other achievement held back because we couldn't accomplish this? What is now enabled? > to get any payload into space. A limited set of payloads into space. No vehicle can get "any payload" to space at a fixed price. > The benefits are easy to miss, You've listed a bunch of reasons to publ…

> Were we struggling to do this before?

We literally couldn't.

> Was the overall percentage reduction in costs?

Starship will bill NASA 1/20th what SLS does.

> What is now enabled?

LEO. Artemis. Out of all of these companies, being confused about SpaceX is super weird.

Re: Can the stockmarket swallow Anthropic, SpaceX and OpenAI?

#209

Post by michaelmrose » Tue, Jun 02, 2026, 2:52 AM UTC

Analemma_ wrote: post #187

d--b wrote: post #177

Earlier quoted context omitted.

Wow, didn’t know that. If SpaceX tanks and 401ks are left holding the bag, this could result in the biggest class action lawsuit ever.

Oh, SpaceX already has that covered: thanks to the TX legislature, SpaceX shareholders cannot file shareholder lawsuits, you can only complain to the "Texas Business Court" or get binding arbitration [0]. [0]: https://www.bloomberg.com/opinion/newsletters/2026-05-21/spa...

This is optimistic about binding arbitration providing protection from more traditional remedies

Re: Can the stockmarket swallow Anthropic, SpaceX and OpenAI?

#210

Post by dartharva » Tue, Jun 02, 2026, 2:53 AM UTC

olalonde wrote: post #120

ravenstine wrote: post #90

All these things are apparently valued at trillions of dollars these days. Where's the trillions, or hundreds of billions worth in improved quality of life? What has gotten better other than the ability to produce more crap?

Comments like these make me feel like we're living in different worlds. I use LLMs multiple times a day and they've significantly improved my quality of life. They are also steadily becoming more useful over time (e.g. now solving math problems).

Even if they are, it still doesn't justify the ridiculous levels of overvaluation. They are not essentials and their consumer demand is extremely elastic.