Didn’t they just raise $85B “for AI”?
It's not like they can sell the SPCX stock. It's still locked up.
Google Discloses $94.1B in SpaceX Stock, Marking 6% Stake
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Re: Google Discloses $94.1B in SpaceX Stock, Marking 6% Stake
#32I 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.
from your list, I think only Google has moat and something I would short least.
Google has hardware, software ecosystem, mobile ecosystem, controls browser, has access to 2B+ users, has talent to come up with ideas - perfect spot for AI
Re: Google Discloses $94.1B in SpaceX Stock, Marking 6% Stake
#33I 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.
from your list, I think only Google has moat and something I would short least. Google has hardware, software ecosystem, mobile ecosystem, controls browser, has access to 2B+ users, has talent to come up with ideas - perfect spot for AI
Now Microsoft, them I'd short. In a way I have by starting my own company to undermine their various competitive advantages comprehensively
Re: Google Discloses $94.1B in SpaceX Stock, Marking 6% Stake
#34100x return, I would sell immediately after this kind of gain, maybe that's why I am not a Google
if you are big company like google, another 100 billion is not gonna make you feel better since cold cash is liability at that scale
100 billion is nothing if that money can put you in better spot at technology landscape
Re: Google Discloses $94.1B in SpaceX Stock, Marking 6% Stake
#35Re: Google Discloses $94.1B in SpaceX Stock, Marking 6% Stake
#366% is more than all of the issued IPO shares. They were 5%, right?
Re: Google Discloses $94.1B in SpaceX Stock, Marking 6% Stake
#37Earlier quoted context omitted.
from your list, I think only Google has moat and something I would short least. Google has hardware, software ecosystem, mobile ecosystem, controls browser, has access to 2B+ users, has talent to come up with ideas - perfect spot for AI
Now Microsoft, them I'd short. In a way I have by starting my own company to undermine their various competitive advantages comprehensively
Microsoft has many of the same advantages but is incapable of judging the quality of the products it makes.
Re: Google Discloses $94.1B in SpaceX Stock, Marking 6% Stake
#38FIFY: Google discloses $94B loss
They didn't invest 94B$ But yes the stock could go down much further and I hope they are willing to show the losses if they can show this as gains today. Imagine the next call being about how their 95$B went to sub 30B$.. Will that be a negative line item. I don't see the point in disclosing this stake as earnings. But I do get that accounting was made as a tool for companies to show off.
They don't have to be willing because hiding the losses would be a crime. And it still doesn't matter b/c anyone with a calculator can tell you exactly what the value of their position is on any given day. The $94 billion is 2.4% of Google's market cap, so even if SpaceX goes to zero it will be barely noticeable from the background noise of the stock price movement.
Re: Google Discloses $94.1B in SpaceX Stock, Marking 6% Stake
#39What’s that in data centers?
Re: Google Discloses $94.1B in SpaceX Stock, Marking 6% Stake
#40100x return, I would sell immediately after this kind of gain, maybe that's why I am not a Google
This is a micro/macro mistake. You obviously can't dump a 6% stake at strike price on Robinhood. "The Market", at this scale, means "You find the buyer(s) yourself and work up the deal with a hundred lawyers and PR staff and hope the contract negotiation stays secret".
Actually, that's the service provided by GS, etc. They have those buyers on the other side of their Rolodex.