SpaceX sheds $400B in market value as debut rally hits reverse

#1

Post by simonpure » Tue, Jun 23, 2026, 1:35 AM UTC

SpaceX sheds $400B in market value as debut rally hits reverse
ft.com

Re: SpaceX sheds $400B in market value as debut rally hits reverse

#2

Post by kingstnap » Tue, Jun 23, 2026, 2:12 AM UTC

Even if it drops to 1/2 its IPO price ($855B valuation) that still massively overpaying for it.

What do they think is gonna come from this SpaceX + Twitter + XAi + Cursor amalgamation? Sexbot agents vibe coding on Mars?

Re: SpaceX sheds $400B in market value as debut rally hits reverse

#3

Post by thewhitetulip » Tue, Jun 23, 2026, 2:23 AM UTC

It's crazy that Musk is worth a trillion dollar and the 2nd richest person is just 200 Billion dollars.

What's more crazy is that the revenue in no way justifies the trillion dollars valuation of spaceX!

Re: SpaceX sheds $400B in market value as debut rally hits reverse

#4

Post by wolvoleo » Tue, Jun 23, 2026, 2:24 AM UTC

kingstnap wrote: post #2

Even if it drops to 1/2 its IPO price ($855B valuation) that still massively overpaying for it. What do they think is gonna come from this SpaceX + Twitter + XAi + Cursor amalgamation? Sexbot agents vibe coding on Mars?

> Sexbot agents vibe coding on Mars?

Now that I'd invest in :)

Re: SpaceX sheds $400B in market value as debut rally hits reverse

#5

Post by SilverElfin » Tue, Jun 23, 2026, 2:29 AM UTC

kingstnap wrote: post #2

Even if it drops to 1/2 its IPO price ($855B valuation) that still massively overpaying for it. What do they think is gonna come from this SpaceX + Twitter + XAi + Cursor amalgamation? Sexbot agents vibe coding on Mars?

Morningstar has the most conservative valuation as far as I know, at $780B

https://www.morningstar.com/stocks/spacex-what-investors-nee...

Re: SpaceX sheds $400B in market value as debut rally hits reverse

#6

Post by rchaud » Tue, Jun 23, 2026, 2:34 AM UTC

kingstnap wrote: post #2

Even if it drops to 1/2 its IPO price ($855B valuation) that still massively overpaying for it. What do they think is gonna come from this SpaceX + Twitter + XAi + Cursor amalgamation? Sexbot agents vibe coding on Mars?

Pentagon contracts.

Re: SpaceX sheds $400B in market value as debut rally hits reverse

#7

Post by thereitgoes456 » Tue, Jun 23, 2026, 2:56 AM UTC

rchaud wrote: post #6

kingstnap wrote: post #2

Even if it drops to 1/2 its IPO price ($855B valuation) that still massively overpaying for it. What do they think is gonna come from this SpaceX + Twitter + XAi + Cursor amalgamation? Sexbot agents vibe coding on Mars?

Pentagon contracts.

So? It’ll never pay dividends..

Re: SpaceX sheds $400B in market value as debut rally hits reverse

#8

Post by ChrisArchitect » Tue, Jun 23, 2026, 3:04 AM UTC

Earlier: https://news.ycombinator.com/item?id=48634931

Re: SpaceX sheds $400B in market value as debut rally hits reverse

#9

Post by jimmygrapes » Tue, Jun 23, 2026, 3:13 AM UTC

kingstnap wrote: post #2

Even if it drops to 1/2 its IPO price ($855B valuation) that still massively overpaying for it. What do they think is gonna come from this SpaceX + Twitter + XAi + Cursor amalgamation? Sexbot agents vibe coding on Mars?

I know they broke up but I can't help but feel this is related: (Grimes - We Appreciate Power)

https://www.youtube.com/watch?v=gYG_4vJ4qNA

Re: SpaceX sheds $400B in market value as debut rally hits reverse

#10

Post by paytonjjones » Tue, Jun 23, 2026, 3:17 AM UTC

kingstnap wrote: post #2

Even if it drops to 1/2 its IPO price ($855B valuation) that still massively overpaying for it. What do they think is gonna come from this SpaceX + Twitter + XAi + Cursor amalgamation? Sexbot agents vibe coding on Mars?

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