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

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

#191

Post by lgl »

swingandamiss wrote: post #119

[flagged]

> even anti datacenters

Now, I'm a computer guy, love tech and have nothing against datacenters. But the recent anti-datacenter sentiment is not some luddite reaction. Data-centers cause serious social changes in property prices, electricity costs, water waste etc. Sure, there is a need for more datacenters and more compute, but lets not diminish the very real worries by the people or communities affected.

And contrary to what many of these hyper-scalers and the senators/politicians they lobby want to make you believe, datacenters do not bring in enough jobs to make it worth it for many of these communities.

Once a datacenter is built, minimum staff is required. And this is now very obvious since many of these companies are now also preaching for datacenters in space.

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

#192

Post by tjwebbnorfolk »

malfist wrote: post #123
NetMageSCW wrote: post #116

Earlier quoted context omitted.

Who forces them?

Literally the index. If you track the NASDAQ as part of your index you must obey it's inclusion rules.

Contrary to (apparently) popular opinion, index funds are not people.

So, who is being forced to buy that index?

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

#193

Post by quickthrowman »

stackghost wrote: post #171
quickthrowman wrote: post #115

Earlier quoted context omitted.

I don’t even have access to a NASDAQ fund in my 401K. You have to go out of your way to buy the NASDAQ 100, QQQ and /NQ or /MNQ futures are the most popular instruments for getting exposure. I have a tiny minute slice of SPCX from owning VTI total market ETF but my 401K holds no SpaceX.

>QQQ and /NQ or /MNQ futures are the most popular instruments for getting exposure. QQQ tracks the Nasdaq 100. It's an index fund. If the index includes a new ticker, then QQQ has to buy it. Buying QQQ doesn't seem like going out of one's way. I don't understand your comment. "ETFs and chill" is a very common investment strategy.

There’s an order of magnitude more money indexed to the S&P 500, you have to go out out your way to buy QQQ since NASDAQ 100 and total market funds are uncommon in 401K options for employees.

QQQ is more volatile and higher risk than the S&P 500, the people buying it should understand that.

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

#194

Post by dbvn »

ImJamal wrote: post #86
danso wrote: post #54

Earlier quoted context omitted.

How often do companies issue a $25B bond the same month that they IPO?

[flagged]

So don't regurgitate it without checking. You're putting the onus on the person you're talking with

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

#195

Post by inigyou »

smallmancontrov wrote: post #183
bix6 wrote: post #169

Earlier quoted context omitted.

Isn’t that how capitalism works in general? Edit: thanks for the downvotes. Defenders of capitalism unite!!! lol. Free market right?

You're forgetting that whenever the incentives lead to bad places it isn't True Capitalism (tm).

True capitalism has never been tried. This right now is crony capitalism.

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

#196

Post by homebrewer »

bix6 wrote: post #178
nijave wrote: post #3

Earlier quoted context omitted.

magnolia1234 bypass-paywalls-clean https://archive.is/tnSeY

Sorry what does the magnolia thing mean?

https://gitlab.com/magnolia1234/bypass-paywalls-clean-filter...

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

#197

Post by SadErn »

Octoth0rpe wrote: post #108
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.

> My best guess, it makes it harder to get loans in the future. Which is pretty important! It's my understanding that from all that money they raised during their IPO, a good amount of it went right back out the door again to pay off misc loans for the twitter acquisition. They may only have bought themselves 6 more months of time given their purported burn rate (mostly driven by AI investment), so they're going to n…

[dead]

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

#198

Post by Ekaros »

an0malous wrote: post #29
asim wrote: post #21

Quite honestly IPOs and the stock market in general is a Ponzi scheme. This is something I would never have said before. I am not a skeptic. I invested in the markets for years and made money on Amazon, Google, twilio, and so many others. But I also lost a lot of money buying near or after the IPO. The game is rigged. Those who put money in post IPO in the 12 months after are left holding the bag for years. It takes…

Stocks, especially without dividends and negligible voting rights, are basically baseball cards for companies.

That is funny comparison looking how baseball card markets have gone recently. Which is extreme increases in prices for little logical reasons. Or has baseball massively increased in popularity? (Honest question)

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

#199

Post by inigyou »

dools wrote: post #135
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…

[flagged]

There is no evidence that Elon Musk is a Nazi.

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

#200

Post by riffraff »

throw1234567891 wrote: post #164
_ink_ wrote: post #157

Earlier quoted context omitted.

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

The president may throw a tantrum that “some crazy democrat throws stones under the feet of that beautiful Elon, the most beautiful Elon we ever had”. Better do what the new Tzar wants. Dude was sent here apparently by the God, don’t mess with the God.

Musk and Trump had a pretty public break up, I think this is one fuckup where we shouldn't blame him.
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