Maybe this has to do with the technical unfeasibility of sending human to Mars and back to earth while keeping them alive ? Throwing billions at it won't make it happen magically.
SpaceX stock erases all its gains and slides below IPO price in intraday trading
61–70 of 302 posts
Re: SpaceX stock erases all its gains and slides below IPO price in intraday trading
#62“Shocking nobody” I would add… This is an obvious Musk scam and anyone with financial knowledge called it as such ever since it’s been on the table. Why else lobby and change the NASDAQ listing rules for instance?
And it worked. And whatever schemes he has in mind to have Space X merge with Tesla to increase market cap further will work too.
Re: SpaceX stock erases all its gains and slides below IPO price in intraday trading
#63The IPO was meant for the VCs to cash out as all fundamentals were completely irrational, but seems like no one cares about cash flow and profitability anymore during QE times. Dumb money will keep being dumb I guess
If no one cared about cash flow and profitability wouldn't SpaceX stock go up instead of down?
The company is still overvalued by a pretty massive multiplier
Re: SpaceX stock erases all its gains and slides below IPO price in intraday trading
#64The IPO was meant for the VCs to cash out as all fundamentals were completely irrational, but seems like no one cares about cash flow and profitability anymore during QE times. Dumb money will keep being dumb I guess
No one can care about fundamentals in QE times. If you stay out of the market just because nothing there is valuable, you will lose your money to the hidden inflation and won't be able to buy anything there when you want in. In normal inflation you can at least buy commodities. But the US economy is organized in a way that will concentrate the money on stocks, not commodities.
The Fed transitioned from QE to tightening almost 5 years ago.
Re: SpaceX stock erases all its gains and slides below IPO price in intraday trading
#65Anyone buying IPO for short term gain would have exited at initial spike, others (like me got in at allocation price) will be holding for a decade or two so this is noise, expected not sure why it posted here, do we post every tech stock intra day price move
And I don't understand why a serious media outlet is covering this at all. The entire article could be irrelevant the next day.
Without any actual, meaningful news coming out of the company (important financial update, new product, bankruptcy etc), stock price moves are only meaningful to day traders, not anyone who is doing serious investing. LA Times is making themselves the same as CNBC or sources you find on Yahoo finance.
Re: SpaceX stock erases all its gains and slides below IPO price in intraday trading
#66The IPO was meant for the VCs to cash out as all fundamentals were completely irrational, but seems like no one cares about cash flow and profitability anymore during QE times. Dumb money will keep being dumb I guess
No one can care about fundamentals in QE times. If you stay out of the market just because nothing there is valuable, you will lose your money to the hidden inflation and won't be able to buy anything there when you want in. In normal inflation you can at least buy commodities. But the US economy is organized in a way that will concentrate the money on stocks, not commodities.
You've been through this before and have the scars or have seen them on others. It is hard to explain to those who have not. Though they only need look at a historical chart.
Re: SpaceX stock erases all its gains and slides below IPO price in intraday trading
#67The IPO was meant for the VCs to cash out as all fundamentals were completely irrational, but seems like no one cares about cash flow and profitability anymore during QE times. Dumb money will keep being dumb I guess
Is it possible that people who don't care about short term profitability but still want a strategic ownership of the company bought at a high price on IPO day and now that the day traders are in, speculation will readjust the price to short term values? The change of price just reflect the different buyer profiles. SpaceX is a pretty important company not just for "the market" but also for many other things (see Russ…
What is your idea of strategic ownership? Musk has voting control, everyone else is along for the ride.
Re: SpaceX stock erases all its gains and slides below IPO price in intraday trading
#68The IPO was meant for the VCs to cash out as all fundamentals were completely irrational, but seems like no one cares about cash flow and profitability anymore during QE times. Dumb money will keep being dumb I guess
Is it possible that people who don't care about short term profitability but still want a strategic ownership of the company bought at a high price on IPO day and now that the day traders are in, speculation will readjust the price to short term values? The change of price just reflect the different buyer profiles. SpaceX is a pretty important company not just for "the market" but also for many other things (see Russ…
It's all a bit of a mess with the consolidation of multiple businesses.
> SpaceX is a pretty important company not just for "the market" but also for many other things (see Russia/Ukraine war)
Starlink, which was rolled in to SpaceX, is/was profitable and it is a factor in Ukraine.
The rocket division is not profitable, but I sense that there might be a path to a profitably operating business.
As for the X/xAI piece, who knows? Long-term it seems like a moon-shot. I appreciate the irony that it's in the wrong division.
Re: SpaceX stock erases all its gains and slides below IPO price in intraday trading
#69I think SpaceX has a great future ahead of it.
I didn't buy a single share.
Re: SpaceX stock erases all its gains and slides below IPO price in intraday trading
#70SpaceX, despite its name is an AI company, supposedly. Its S-1 states that the company estimates its total addressable market (TAM) at $28.5 trillion, of which $26.5 trillion, or 92.98%, is expected to come from AI.
SpaceX is an AI company without a frontier model. Until Jan 2026 SpaceX was an aerospace company. Then xAI was merged into SpaceX on January 30, 2026, so SpaceX became an AI company less than 6 months ago.