Earlier quoted context omitted.
Idk, but he sure did try to get invited to Epstein’s island to “party”.
Terrible! Source?
Epstein emails. Google will find it for you.
Google Discloses $94.1B in SpaceX Stock, Marking 6% Stake
21–30 of 344 posts
Re: Google Discloses $94.1B in SpaceX Stock, Marking 6% Stake
#22Earlier quoted context omitted.
Idk, but he sure did try to get invited to Epstein’s island to “party”.
Terrible! Source?
Re: Google Discloses $94.1B in SpaceX Stock, Marking 6% Stake
#23Hopefully they made this investment pre-IPO at some vastly lower valuation because otherwise… …this is a not going to end well for them.
Why? They will still have their same stake no matter what happens with the stock price.
Re: Google Discloses $94.1B in SpaceX Stock, Marking 6% Stake
#24I am short both Google and SpaceX RN; SpaceX's IPO smells foul. Google is an AI-bubble short; Anthropic and OpenAI haven't IPOed yet.
Re: Google Discloses $94.1B in SpaceX Stock, Marking 6% Stake
#25Earlier quoted context omitted.
Idk, but he sure did try to get invited to Epstein’s island to “party”.
Terrible! Source?
Justice Department [0] seems a definitive source.
[0] https://www.justice.gov/epstein/files/DataSet%2010/EFTA01762...
Re: Google Discloses $94.1B in SpaceX Stock, Marking 6% Stake
#26100x return, I would sell immediately after this kind of gain, maybe that's why I am not a Google
(1) there's a lock out, they can't legally
(2) Moving that kind of volume at market price is extremely difficult
(3) This disclosure was required by law as part of their earnings. They would rather have said nothing and quietly offloaded it.
One consequence of booking the revenue is that they're going to have to report a loss when they sell it.
It's possible there's some tax shenanigans at play (idk): report the profit, mark it against their massive AI capex, sell later when they can book a loss. (I'm not sure if it works that way, it wouldn't for an individual, but maybe they can find a way to trigger a stepped up basis.)
Re: Google Discloses $94.1B in SpaceX Stock, Marking 6% Stake
#27100x return, I would sell immediately after this kind of gain, maybe that's why I am not a Google
There would be some laws in place. And it would also stress the relationship with Elon.
Re: Google Discloses $94.1B in SpaceX Stock, Marking 6% Stake
#28Re: Google Discloses $94.1B in SpaceX Stock, Marking 6% Stake
#29I am short both Google and SpaceX RN; SpaceX's IPO smells foul. Google is an AI-bubble short; Anthropic and OpenAI haven't IPOed yet.
Short Google? Early is wrong you know?
Re: Google Discloses $94.1B in SpaceX Stock, Marking 6% Stake
#30100x return, I would sell immediately after this kind of gain, maybe that's why I am not a Google
Per the article, they can’t, yet.