SpaceX stock erases all its gains and slides below IPO price in intraday trading

Post by dd8601fn » Thu, Jul 16, 2026, 1:55 PM UTC

bobro wrote: post #86

infecto wrote: post #60

Earlier quoted context omitted.

I don’t think scam is the right word. The valuation and bank price targets are absolutely insane. I myself could never invest at those multiples. I think they absolutely have governance problems but at the same time I have to admit he is a great financial engineer. Investors who do have conviction here most likely see this as the platform vehicle for everything else coming through the pipeline. Again I could not buy…

Can you spell out a bit more how these three thoughts live together consistently for you: 1) The price is insane 2) The price is a work of great financial engineering 3) The price isn’t a scam

Post by ordersofmag » Thu, Jul 16, 2026, 1:56 PM UTC

CrimsonRain wrote: post #90

epistasis wrote: post #81

Earlier quoted context omitted.

What you describe is exactly a scam: he somehow convinced you that he's not motivated by wealth! That alone is clearly a scam, the idea that Musk is not motivated by huge amounts of wealth and high valuations is just implausible considering g his behavior at every single turn.

What is he doing with all that wealth? Taking lavish vacations? Buying luxurious yacht? Buying islands and making bunkers?

Post by avaer » Thu, Jul 16, 2026, 1:57 PM UTC

infecto wrote: post #60

ornornor wrote: post #41

“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?

I don’t think scam is the right word. The valuation and bank price targets are absolutely insane. I myself could never invest at those multiples. I think they absolutely have governance problems but at the same time I have to admit he is a great financial engineer. Investors who do have conviction here most likely see this as the platform vehicle for everything else coming through the pipeline. Again I could not buy…

Post by sethammons » Thu, Jul 16, 2026, 1:57 PM UTC

nxm wrote: post #149

ornornor wrote: post #41

“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?

So I presume you made a lot of money shorting the stock if you were so confident?

Post by stingraycharles » Thu, Jul 16, 2026, 1:58 PM UTC

nxm wrote: post #149

ornornor wrote: post #41

“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?

So I presume you made a lot of money shorting the stock if you were so confident?