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

latimes.com

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

#171

Post by grosswait »

fg137 wrote: post #65
small_model wrote: post #46

Anyone 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 Yaho…

Because anti-Elon thinking is a thing that really seems to impact the judgement of some people and this kind of news really gets them to engage

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

#172

Post by jagged-chisel »

infecto wrote: post #126
jagged-chisel wrote: post #93

Earlier quoted context omitted.

> I don’t think scam is the right word. The valuation and bank price targets are absolutely insane. I was hoping you were headed to "...beyond scam" into serious fraud or something. Regardless how this is categorized, everyone (banks, stock market, the executive branch) is complicit, and I think SpaceX stock should have stayed off the public market.

Luckily neither you or I get to make that decision.

"Luckily"?

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

#173

Post by randusername »

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?

What's the point of an IPO? Show problematic institutional investors the door and replace them with disorganized public investors? Attract talent?

Seems like if the company is really doing great you'd want to retain ownership. Raise from bonds or something. Put simply, if it's valuable why would anyone sell it?

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

#174

Post by LightBug1 »

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?

It's ok. Let the Musk-riders enjoyed their ride ...

Elon bought them an imaginary horse ...

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

#175

Post by Beijinger »

indoordin0saur wrote: post #128
bobro wrote: post #86

Earlier quoted context omitted.

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

It's a scam only if you think the stock market in general is a scam. Remember, SpaceX is completely globally dominant in its industries (launch technology and orbital telecom)

"SpaceX is completely globally dominant in its industries (launch technology and orbital telecom)"

1. Have you seen what the Chinese have come up with? https://x.com/pronounced_kyle/status/2075526710003413004

2. None of these things are, where the money is supposed to come from in the future: https://www.youtube.com/watch?v=IHD8BDFYyGI

I don't know the future, nor do I give investing advise. I don't want this stock.

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

#177

Post by nicholassmith »

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?

> Buying islands and making bunkers? It was reported a few years back he'd built a bunker in New Zealand.

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

#178

Post by Taronar »

ToValueFunfetti wrote: post #82
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?

This is shaped like more-or-less every IPO I've seen. I think you have to wait for more of a collapse to claim dispositive evidence of a scam (or widen your claim to 'almost all IPOs are scams').

This is incorrect, the difference is that most IPOs do not have ETFs buying their stocks, meaning you have a institutional investor forced to buy your stock and keep the musical chairs game going even if your stock has an inflated price., hes robbing ETF owners of their hard earned money

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

#179

Post by Octoth0rpe »

indoordin0saur wrote: post #147
Octoth0rpe wrote: post #75

Earlier quoted context omitted.

> SpaceX is an AI company without a frontier model. Unless they manage to build such a model, then their plan looks like they intend to be an AI _infrastructure_ company. Which is probably viable and healthy business! One with lots of competition and low margins that is completely misaligned with their current valuation.

All these bans on building data centers on Earth are starting to make this wild proposition seem a little more rational.

Only a little, not a lot. It seems like the easy answer is still terrestrial with a heck of a lot more giving back. For example:

- offering to pay some nominal subsidy for all households electricity bills in the region.

- committing to only closed loop cooling

- if the location is amenable, then providing free heating to neighboring buildings.

- only building in blighted locations with no current economic value

Other random ideas: I wonder if anyone is considering building server racks directly into offshore windfarms. Replacing failed hardware is annoying, but surely more economical than in space where IIUC, there _is_ no plan to ever maintain hardware at all, just deorbit and replace. All the water is right there for cooling (though I'm sure saltwater has its own problems with corrosion). While the current US administration is clearly anti windmill, that might work nicely in Europe.

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

#180

Post by avaer »

infecto wrote: post #165
avaer wrote: post #155

Earlier quoted context omitted.

I guess the difference between "scam" and "financial engineer" is whether it works. If everyone loses their money it will be a scam. If people get rich he will be a financial engineer. These aren't two different things. The winning side will make up reasons why they are right, and the losing side will make up excuses why they were wrong.

What is this scheme he is getting away with? We all saw the numbers, it is an absolute absurd valuation. Like I said I would never make the bet but just because I don't like him, does not mean I will immediately call the scam card. Both can be true.

When this gets listed, your retirement savings will be obligated to support it whether it makes sense or not. If it tanks AI, or the broader economy, everyone will pay the price.

No matter what, your money is going to Elon and friends. That's one of the schemes.

There's plenty of other schemes too, like merging in Twitter and an AI company to confuse investors and inflate valuations.

I'm not calling it a scam either. I'm saying it entirely depends on whether this insane level of scheming causes people to lose a trillion dollars or gain a trillion dollars, then history will be rewritten to match the narrative.

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