SpaceX bond worth 10% less than issue price – heading for junk bond status • Hacker News Board

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

#241

Post by malfist » Wed, Jul 15, 2026, 3:36 PM UTC

danielmarkbruce wrote: post #204

malfist wrote: post #127

Earlier quoted context omitted.

Okay? Just because you don't have access to that investment vehicle doesn't mean others aren't using it. What type of reasoning is this? "I, personally, am not too badly effected, therefore it's not a problem" And guess what, your VTI which does track NASDAQ as part of it's index is effected by this inclusion rule.

His reasoning is valid. Compared to the S&P500, it's a small sum of money. Most people aren't buying a fund that tracks that nasdaq index. The total effect isn't that large.

His reasoning isn't valid.

Not only is he wrong that it doesn't impact him, because VTI is impacted, but the whole premise is wrong. "I'm not harmed" does not mean things are fine. If I go murder your neighbor, will you come to my trial and demand I go free because you weren't harmed? Should the judge let me go because he wasn't harmed?

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

#242

Post by moomin » Wed, Jul 15, 2026, 3:36 PM UTC

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 looks a lot more like socialism than many would like to admit.

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

#243

Post by fnordsensei » Wed, Jul 15, 2026, 3:36 PM UTC

qup wrote: post #142

fnordsensei wrote: post #83

Earlier quoted context omitted.

I have a friend who unironically said "Elon Musk is the most important human who has ever lived"

Who's your pick?

Whoever came up with the wheel, maybe? Perhaps someone carrying the original homo sapiens mutations?

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

#244

Post by lokar » Wed, Jul 15, 2026, 3:37 PM UTC

Ekaros wrote: post #170

_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?

Getting a very popular stock on their exchange. Directly making money from it.

Yes. This was a deal: add us to the index and we will list on your exchange.

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

#245

Post by an0malous » Wed, Jul 15, 2026, 3:37 PM UTC

Ekaros wrote: post #198

an0malous wrote: post #29

Earlier quoted context omitted.

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)

I would guess it’s the same force driving absurd stock valuations — the money supply doubled around COVID and all the new money has to pool up somewhere. Some of it ends up in stocks and real estate, but once those become obviously overvalued it starts pooling up in more fringe investments like trading cards. It’s the same dynamic that created exotic mortgage backed securities that led to the 2008 financial crisis. There’s literally trillions of dollars of capital that’s slowly losing value from inflation and the owners of that capital are desperate to find investments that will preserve or increase their wealth.

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

#246

Post by mikelitoris » Wed, Jul 15, 2026, 3:37 PM UTC

inigyou wrote: post #195

smallmancontrov wrote: post #183

Earlier quoted context omitted.

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.

Sounds like no true scotsman.

Remember kids: socialism is judged by how it failed in real life, capitalism is judged by how perfect it is in theory

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

#247

Post by aftbit » Wed, Jul 15, 2026, 3:38 PM UTC

qup wrote: post #145

aftbit wrote: post #30

Earlier quoted context omitted.

The fact that this works by exploiting AMP is delicious.

Can you explain? I'm not sure how to Google that.

Not a recommendation for this fork of the extension, just the first I found googling.

https://github.com/aspenmayer/bypass-paywalls-chrome-clean-m...

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

#248

Post by qwerpy » Wed, Jul 15, 2026, 3:38 PM UTC

iamshs wrote: post #155

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…

The fact that people like you are still pushing the subjective salute thing as incontrovertible fact makes it hard to find any common ground. Serious people in the media, even the ones heavily biased against Elon, don’t harp on it the way online people do.

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

#249

Post by moomin » Wed, Jul 15, 2026, 3:39 PM UTC

tjwebbnorfolk wrote: post #188

stackghost wrote: post #106

Earlier quoted context omitted.

Index funds, for starters.

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

No, they're just owned by people. Most of whom aren't billionaires.

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

#250

Post by reaperducer » Wed, Jul 15, 2026, 3:39 PM UTC

riffraff wrote: post #200

throw1234567891 wrote: post #164

Earlier quoted context omitted.

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.

You're six months out of date. They're buds again.