[dead]
Google Discloses $94.1B in SpaceX Stock, Marking 6% Stake
101–110 of 344 posts
Re: Google Discloses $94.1B in SpaceX Stock, Marking 6% Stake
#102Bad decisions like this explain a lot
Re: Google Discloses $94.1B in SpaceX Stock, Marking 6% Stake
#103I 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.
Google makes money hand over fist and they don’t have enough things to spend it on. AI is a natural fit for them to burn all their profits into. Gemini’s integration is, I think, absolutely awesome - it’s completely changing the way I interact with the concept of googling and finding answers, and is free of sign ups or purposeful interactions with the likes of ChatGPT or Claude where you know you’re AI-ing. So your s…
Nailed it. I didn't state this explicitly, but:
> So your short could work, but it’s not going to work for google’s involvement in an AI-bubble, it’s predicated on the entire market tanking
Is indeed a required assumption. Major return is not going to happen with this, Not losing a big chunk of my money is the goal!
> SpaceX I actually bought at the IPO price because I think the company will be around in 30 years time, so as fraudulent and mispriced as it is, having a small holding over that kind of horizon I believe will be profitable. And I want to be that kind of old-timer who can chuckle at buying it at the IPO and holding through the crash and still holding when they are on Mars and beyond and SPCX is worth multiples of what it is today.
I think that's a fine play as well. The short is more of an "This IPO price doesn't make sense; sell within a year after it settle"
Re: Google Discloses $94.1B in SpaceX Stock, Marking 6% Stake
#104Re: Google Discloses $94.1B in SpaceX Stock, Marking 6% Stake
#105Earlier quoted context omitted.
There is quite a bit of information out there as to how Google is achieving short term growth in their core search business. And boy, it is ugly. It does not signal long term continued growth.
Please explain more. I haven't seen anything of quality. Best I can observe is they've increased ads on videos and pages.
[deleted]
Re: Google Discloses $94.1B in SpaceX Stock, Marking 6% Stake
#106Earlier quoted context omitted.
With the serious lapses in governance being made by founders with these special shares, such as Musk and Zuckerberg, I wonder if the shares without these special rights will be substantially discounted. What rights do these other shareholders retain that would keep them valuable? Rights to compensation in the case of bankruptcy?
These have become some of the most valuable companies on Earth. The idea that there are lapses in governance in these companies is insane. Any shareholder is buying in fully aware of the governance structure. Many because of it! Shareholders’ rights are clearly enumerated.
> Any shareholder is buying in fully aware of the governance structure.
This is laughable. Many shareholders don’t even know they own stock in these companies.
Re: Google Discloses $94.1B in SpaceX Stock, Marking 6% Stake
#107Can’t wait for SpaceX to go even lower.
Re: Google Discloses $94.1B in SpaceX Stock, Marking 6% Stake
#108100x 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 prof…
Retail doesn't really move stocks like Google too much, and institutions might understand Google and it's finances better than Google...i.e. there are no accounting tricks or mysterious losses that can shake institutional analysts much (besides illegally hidden stuff). They will perfectly understand why Google is taking a "loss" on the sale.
Re: Google Discloses $94.1B in SpaceX Stock, Marking 6% Stake
#109Earlier quoted context omitted.
With the serious lapses in governance being made by founders with these special shares, such as Musk and Zuckerberg, I wonder if the shares without these special rights will be substantially discounted. What rights do these other shareholders retain that would keep them valuable? Rights to compensation in the case of bankruptcy?
These have become some of the most valuable companies on Earth. The idea that there are lapses in governance in these companies is insane. Any shareholder is buying in fully aware of the governance structure. Many because of it! Shareholders’ rights are clearly enumerated.
The typical "investor" is an ETF these days.
Your standard SPY or VTI investor doesn't know jack diddly squat about shareholder rights, nor do they ever plan to invoke them.
Re: Google Discloses $94.1B in SpaceX Stock, Marking 6% Stake
#110Alphabet is the modern day berkshire hathaway.
Alphabet’s investment holdings (eg, spacex, anthropic..) are worth in the same order of magnitude of BRK’s (~$300B)
The track record of google’s M&A is pretty good.
Except for search and cloud, many of Google’s important products were from M&A - Maps, Docs, android, doubleclick, youtube , deep mind, etc.