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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').
Many IPOs slide below their initial offering. Very few IPOs changed the rules to allow themselves to be incuded in significant indexes far faster than the rules previously allowed, and then slipped below their initial offering.
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Many IPOs slide below their initial offering. Very few IPOs changed the rules to allow themselves to be incuded in significant indexes far faster than the rules previously allowed, and then slipped below their initial offering.
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“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').
The 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
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There's no room in the global economy to justify the kinds of numbers. Like spacex isn't going to be the world's first 100 trillion dollar company because there isn't that much money . That's nearly as high as the global GDP. Crazy growth rates are not possible.
> there isn't that much money It's almost as if SpaceX would have to use another planet's resources to generate money for that valuation. Oh wait...
They’re thinking “Tesla stock trades at absurd P/E for no reason other than vibes… this one might, too!”
“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').
“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?
Not a scam IMO, I don’t think musk is that motivated by wealth but im sure plenty of the heavy hitter investors are. I’m sure he didn’t complain about the valuation however. I think SpaceX is a solid well run company (praise be to Gwen Shotwel) but $1T is a bit much. I’ll eventually buy in when things settle down and we have a few quarters of financial data to work with.
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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
They're perfectly consistent. An absured valuation isn't evidence of fraud. Exceptional capital formation isn't fraud either. You're conflating overpriced, good at raising money and scam as if they're synonyms. I am curious how the absurd bank price targets will play out in the long-term and if there will be any repercussions but its hard to immediately jump to scam but I realize this is the favorite fan-fic for folk…
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SpaceX has a float of 5%. So only 5% of SpaceX shares have been released to the public. Slowly, starting in August, employees and investors will be able to sell their shares, about 45% more until December 2026 and another 45% until July 2027. What do you think will happen to SpaceX share prices when roughly 18x the number of shares at IPO are released? From a company that only made $18bn in sales last year and lost $…
Aramark is a horrible company for comparison. Maybe the only thing they have in common with SpaceX is that they are publicly traded companies. I'm not saying that SpaceX is a good investment or that Musk isn't trying to run a scam on index investors. But we also shouldn't be surprised that the financials of an incompetent commercial food service provider are a little different from those of a spaceflight company / da…
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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)