SpaceX will swing wildly in future, also exploding/successful Starship flights and enthusiasm for moon landing/Artemis missions.
SpaceX Drops 14% in One Day, Price Now Below IPO Launch
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Re: SpaceX Drops 14% in One Day, Price Now Below IPO Launch
#42Still above the actual IPO price of 135.
It's below where it opened trading on the first day which I guess is what the editorialised headline is supposed to mean. Trading opened at about 160 on the 12th and is about 155 now. Such fluctuations don't really mean much.
Re: SpaceX Drops 14% in One Day, Price Now Below IPO Launch
#43Re: SpaceX Drops 14% in One Day, Price Now Below IPO Launch
#44SpaceX will swing wildly in future, also exploding/successful Starship flights and enthusiasm for moon landing/Artemis missions.
Which is true, but silly. SpaceX's rocket business is currently a $4B/year business. SpaceX's $2T valuation has nothing to do with launching rockets, a little bit to do with being an ISP and a lot to do with AI hype.
Re: SpaceX Drops 14% in One Day, Price Now Below IPO Launch
#45Re: SpaceX Drops 14% in One Day, Price Now Below IPO Launch
#46SpaceX will swing wildly in future, also exploding/successful Starship flights and enthusiasm for moon landing/Artemis missions.
Which is true, but silly. SpaceX's rocket business is currently a $4B/year business. SpaceX's $2T valuation has nothing to do with launching rockets, a little bit to do with being an ISP and a lot to do with AI hype.
Yes, they claim the TAM for AI is 24 trillion dollars. Do with that what you will.
Re: SpaceX Drops 14% in One Day, Price Now Below IPO Launch
#47why would you even invest into this bubble
Marketing and promotion.
Re: SpaceX Drops 14% in One Day, Price Now Below IPO Launch
#48The IPO price for SpaceX was _delusional_. The price now is delusional. Especially since it's so dependent on the US government for revenue and he's done everything possible to irritate the party that's about to take over the federal budget.
It was insane to me that a company that had less than thirty-billion in revenue was valued at more than a trillion. I'm not sure how the People in Charge didn't call bullshit.
There are no people in charge.
Re: SpaceX Drops 14% in One Day, Price Now Below IPO Launch
#49Earlier quoted context omitted.
The big indexes have a cooldown period before buying, which these scam artists attempted to radically shorten before the IPO, but they failed (at least partially). The S&P500, for example, will delay a year before adding it to the index. Nasdaq 100 was talked into reducing it to 15 days, so you might want to get out of the Nasdaq 100.
S&P still requires one year(?) profitability, which SpaceX has yet to achieve. The recent datacenter rentals might have pushed it into a profitable quarter.
They can solve that with “creative accounting”.
Re: SpaceX Drops 14% in One Day, Price Now Below IPO Launch
#50Not convinced it means anything in one way or another. I remember the same headlines right after Facebook's IPO. The discourse was very much that it was obvious that a website to connect with your friends wouldn't make money.
Facebook was profitable
What's your point? If people were skeptical of Facebook even if it was profitable then it reinforces the grandparent comment's point.