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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

#321

Post by ink_13 »

cyberjerkXX wrote: post #213
crimsonspy wrote: post #80

Earlier quoted context omitted.

He claimed that he would unearth billions of dollars of government fraud, only to lie about that too. Instead his team cut aid programs and have contributed to an estimated 700,000 deaths so far. https://www.newyorker.com/news/the-new-yorker-interview/the-...

[flagged]

If US backed NGOs were distributing life saving medications (e.g. for HIV-AIDS via PEPFAR, to give only one example) and then that distribution was withdrawn, causing recipients to die because they could no longer access medication, what other conclusion should we draw?

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

#322

Post by [deleted] »

qwerpy wrote: post #248
iamshs wrote: post #155

Earlier quoted context omitted.

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.

[deleted]

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

#323

Post by gizzlon »

tavavex wrote: post #309
marcosdumay wrote: post #270

Earlier quoted context omitted.

"Lucrative" is not really the word you are looking for.

What do you mean? I was under the impression that including SPCX has been massively beneficial for Nasdaq. It creates lots of trading volume and sends a quiet signal to other massive tech companies looking to IPO to come to them, rules be damned. So they're definitely extremely lucrative for Nasdaq.

I the short term. Who knows what the damage to the brand will cost them.

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

#324

Post by rightbyte »

qwerpy wrote: post #248
iamshs wrote: post #155

Earlier quoted context omitted.

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.

Subjective? This is gas lighting. He put on his angry face, lips together and all. It was no subjective or ironic John Cleese nazi salute. It was a nazi salute. Then he went on to starve kids on medecine to death. I mean. Like. Really? Is this still in dispute?

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

#325

Post by tossandthrow »

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…

IMHO it is prudent to allocate a bit more conservatively these days.

I cut out my nasdaq100 and have generally allocated towards ex us

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

#326

Post by antitoi »

khurs wrote: post #71

The financial press failed to run headlines damning the SpaceX IPO, or all the ongoing false promises Elon makes. And now they report that investors, many of whom are their customers, are suffering...

Between Matt Levine and the FT, I saw plenty of damning (or at least skeptical) coverage throughout the entire lead-up.

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

#327

Post by wredcoll »

tyre wrote: post #62
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'm not an investor in SpaceX but I don't think shorting stocks at IPO should be allowed. The market should be given time to settle on a price, and it's unlikely that anyone needs to short it on day 1 for hedging. It's purely price speculation. Yeah, I know why people _want to_ (betting), but it doesn't serve a broader economic purpose.

I'm not certain you're right, but I think this opinion deserves considerably more (fair) discusson than it's getting.

Lots of replies either personally benefit or just assume the "way things are" is the best, but the stock market has gotten highly abstracted from the original intention of providing capital to grow companies via means other than bank loans.

I get the argument that shorts and friends help make the price the stock is being sold at more accurate, and I believe there's some truth there, but also we constantly see stock prices fluctuate by 10+% in a single day and I have trouble believing the actual value of all these companies changed that much in a single 24 period.

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

#328

Post by qpricjalcbeu »

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…

Idk, I kinda agree with Matt Levine. The purpose of these ETFs is conceptually to track the "largest X companies", so including SPCX is just staying true to that.

If there's an issue I think it's earlier in the IPO pipeline.

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

#329

Post by stymaar »

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.

> True capitalism has never been tried

“True communism has never been tried”

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