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SpaceX bond worth 10% less than issue price – heading for junk bond status

ft.com

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Re: SpaceX bond worth 10% less than issue price – heading for junk bond status

#151

Post by [deleted] »

runarberg wrote: post #113
formvoltron wrote: post #48

Earlier quoted context omitted.

nah the very worst thing about the spacex ipo is that schwab won't allow me to short it. has nothing to do with the recency of the issue. today i shorted some skhy when i realized it's trading about 30% over the Korean share price (I could be wrong about that)

I for one am glad that you were not allowed to short SpaceX. People gaming the market for their own profits are the worst kind of exploiters and swindlers. You contribute absolutely nothing while siphoning the profits that workers make, lowering the salaries of everyone that actually works for a living. Note this has nothing to do with my feelings about SpaceX. I am Elon hater nr. 1 and hope SpaceX burns to dust, I o…

[deleted]

Re: SpaceX bond worth 10% less than issue price – heading for junk bond status

#152

Post by groundzeros2015 »

swingandamiss wrote: post #119

[flagged]

It certainly is a contrast from the Tesla years. But overall I think the current consensus is:

- we don’t believe in startups (low quality scams)

- we don’t believe in technology. (It’s surveillance and distraction).

- we don’t believe in markets (regulate the RAM)

- we don’t believe in agency (unruly rule breakers)

And honestly we’ve seen a lot of events that strengthen those positions. Some of it is age as well. I’m just interested to see what comes next with so little faith in the industry.

Re: SpaceX bond worth 10% less than issue price – heading for junk bond status

#154

Post by jgalt212 »

tavavex wrote: post #137
lucd wrote: post #41

The worst about the SpaceX IPO is Nasdaq changing their inclusion rules for the Nasdaq 100. The index fast-tracked SpaceX stock for inclusion 15 days after the IPO, instead of the normal three-month seasoning period. They also changed its 10% minimum float rule to a 3x weighting boost for low-float stockss. So many people will unwillingly and prematurely invest into SpaceX, before it has any chance to discover its re…

So, the inclusion rules are basically "these are the hard limits that specify which stocks are eligible, unless someone really big and lucrative comes along, in which case it's whatever and we'll just adjust the rules to make them eligible"?

reality distortion field in full effect.

Re: SpaceX bond worth 10% less than issue price – heading for junk bond status

#155

Post by iamshs »

swingandamiss wrote: post #119

[flagged]

Guy was doing Nazi salutes at Trump's inauguration. If he wanted support from normal people, he should have remained within normal political norms, not do Nazi salutes. I don't think it is normal to expect sympathy after that, people will be revolted and would want him to fail. They should not be judged for this opinion, it's pretty vanilla. Normal people still carry conscience, an innate justice system. Otherwise we won't even have justice system if we start giving people an out based on fame, talent etc.

Re: SpaceX bond worth 10% less than issue price – heading for junk bond status

#156

Post by clickety_clack »

somat wrote: post #53

A stupid/naive question. Why does this affect SpaceX? They have their money(The IPO) Any third party trading value does not change that. Sure there may be individuals, officers of SpaceX who hold these instruments who will be negatively affective, but the company itself? My best guess, it makes it harder to get loans in the future.

It makes borrowing money much more expensive going forward.

Re: SpaceX bond worth 10% less than issue price – heading for junk bond status

#157

Post by _ink_ »

lucd wrote: post #41

The worst about the SpaceX IPO is Nasdaq changing their inclusion rules for the Nasdaq 100. The index fast-tracked SpaceX stock for inclusion 15 days after the IPO, instead of the normal three-month seasoning period. They also changed its 10% minimum float rule to a 3x weighting boost for low-float stockss. So many people will unwillingly and prematurely invest into SpaceX, before it has any chance to discover its re…

I am really curious for what reason they choose to do it? Like what is in for Nasdaq?

Re: SpaceX bond worth 10% less than issue price – heading for junk bond status

#158

Post by lmohseni »

marcusverus wrote: post #90
lmohseni wrote: post #72

Earlier quoted context omitted.

[flagged]

If these figure represent actual deaths (big if), those people will have died because literally nobody on earth was willing to pay to keep them alive--yourself included.

But wait, I do pay taxes? By you logic, no policy choice can ever cause harm because the responsibility is always redistributable to several billion bystanders. Pretty convenient!

Re: SpaceX bond worth 10% less than issue price – heading for junk bond status

#159

Post by rightbyte »

tejohnso wrote: post #111
xutopia wrote: post #61

I can't comprehend for the life of me that people put their life savings in what Elon Musk is doing. Are people not seeing how he's lying about the future all the time? He said he aimed to have 5000 Optimus robots out by end of 2025, 50000 by 2026 and 10 times that in 2027. He promised in 2015 that full autonomous driving would arrive in 2 years and we aren't there yet 11 years later. He even said in 2016 that there…

Well, rational or not, anybody that put a significant life savings into early TSLA and kept it there is retirement money rich now. Lots of rational people kept shorting, thinking sanity would prevail, and ended up losing bigly.

It is hard to estimate how rational the market is.
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