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

Post by infecto » Fri, Jul 17, 2026, 12:54 PM UTC

lorecore wrote: post #254

labcomputer wrote: post #221

Earlier quoted context omitted.

> just like Musk’s other scam, TSLA Just so we're clear: You think that the only company selling EVs in the USA for a net profit is a scam? What do you call Rivian, Lucid, Fisker, Bolinger, Lordstown, Slate, and Aptera? Slate has been conspicuously silent about orders since the day after launch. Lucid is on the brink of bankruptcy. Fisker has gone bankrupt... twice. Lordstown no longer exists (with assets purchased f…

A CEO making knowingly false forward looking statements is fraud, and it’s illegal.

Post by lorecore » Fri, Jul 17, 2026, 2:31 PM UTC

infecto wrote: post #281

lorecore wrote: post #254

Earlier quoted context omitted.

A CEO making knowingly false forward looking statements is fraud, and it’s illegal.

Which in all cases is very hard to prove. Executives make extremely bullish statements quite often. We are just cherry picking here.

Post by JCW2001 » Fri, Jul 17, 2026, 5:21 PM UTC

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').

Post by JCW2001 » Fri, Jul 17, 2026, 5:27 PM UTC

trescenzi wrote: post #101

ToValueFunfetti wrote: post #82

Earlier quoted context omitted.

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 something you could empirically study. Looks like this NASDAQ study from a few years back has some numbers. At 3 months, that’s what’s in their chart, it’s still about 50/50. At 3 years it’s 29% with returns greater than 10% and 69% with returns greater than -10%. https://www.nasdaq.com/articles/what-happens-to-ipos-over-th...

Post by toomuchtodo » Fri, Jul 17, 2026, 5:46 PM UTC

toomuchtodo wrote: post #112

baxtr wrote: post #79

Earlier quoted context omitted.

I warned people 2 months ago: https://news.ycombinator.com/item?id=48368668

I was told I was giving poor advice explaining how to avoid exposure to the latest Musk grift. Unfortunate. “It's easier to fool people than to convince them that they have been fooled.” —- Mark Twain https://news.ycombinator.com/item?id=48374430 (SpaceX shorts have made ~$4B in profits on paper so far, as of this comment)