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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

#211

Post by groby_b »

miohtama wrote: post #66
SecretDreams wrote: post #63

Earlier quoted context omitted.

Investors are buying into the fallacy that musk can continue to work as a hype man, rather than some visionary or innovator. They like that he can make stock numbers go up, seemingly against all odds and reason. Whether this trend continues or not indefinitely will largely determine if incestors start looking for the door.

It's a valid point. But the markets are a harsh mistress. If you don't like fallacies, you don't buy. And if you think the number is not going to go up, you can always short the stock. In defence of Mr Musk, despite his character flaws, Tesla is the only Western electric car company in the top 20, and this includes Korea and Japan. Also, SpaceX is ~90% of the world's commercial rocket launch capacity. But this does n…

> you can always short the stock.

Which is going not too badly for the shorts, so far. There's a reason almost 50% of the float is loaned out.

We'll see once the earnings call rolls around.

Re: Google Discloses $94.1B in SpaceX Stock, Marking 6% Stake

#212

Post by consensus1 »

bpodgursky wrote: post #193
matwood wrote: post #49

Earlier quoted context omitted.

Remember this was also when SpaceX was actually about space, instead of mostly AI and Twitter. Long-term shareholders that were sold on the space, have to be thinking about how to get out once their lockups expire.

Yes I'm sure they are just desperate to get out of their 100x investment. A huge mistake, I'm sure the relevant parties have been punished appropriately.

They must be seething in envy at the superior returns of the average HN naysayer who has been predicting the imminent collapse of all the "scams" Elon Musk is running for the last several years.

Re: Google Discloses $94.1B in SpaceX Stock, Marking 6% Stake

#213

Post by hnbad »

mindslight wrote: post #201
stevenjgarner wrote: post #188

Earlier quoted context omitted.

The project was first teased by Musk in early 2026 and officially announced on March 21, 2026 during a special event at the defunct Seaholm Power Plant in Austin, Texas [1][2] [1] https://en.wikipedia.org/wiki/Terafab [2] https://terafab.ai/

So part of the extended cinematic universe then. (man, I wish I could get people to throw money at me for all of my outstanding projects that I buy some parts for and would be nice to do "some time")

I'm sure they'll get around to building that electric VTOL Elon Musk has been "recently thinking about" for the past decade eventually, too.

Re: Google Discloses $94.1B in SpaceX Stock, Marking 6% Stake

#214

Post by edoceo »

georgeburdell wrote: post #67
dgellow wrote: post #65

Earlier quoted context omitted.

Not just that, but private investors were sold shares that all had the same voting rights. Since just before the IPO SpaceX now has dual class shares, Elon and a few insiders have class-B shares with 10x the voting power, while everybody else (including private investors) have class-A shares with 1x the voting power

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?

No rights to compensation on bankruptcy. Payroll is first, then debt, taxes and stuff. Equity holders ride down to zero.

Re: Google Discloses $94.1B in SpaceX Stock, Marking 6% Stake

#215

Post by edoceo »

consensus1 wrote: post #179
mrits wrote: post #97

Earlier quoted context omitted.

It’s so weird to see people actively try to criticize arguably the most successful person in the history of Earth.

Envy is a hell of a drug

This is the weakest retort to critique of the wealthy. "Youre just jealous". Lame.

Re: Google Discloses $94.1B in SpaceX Stock, Marking 6% Stake

#216

Post by ballon_monkey »

paulryanrogers wrote: post #140
trimbo wrote: post #126

Earlier quoted context omitted.

I don't think companies expanding their business should be the only reason to sell. Apple was a desktop and laptop computer company when they released the iPod. Nokia was a company making rubber products when they started making cellular equipment in the 1970s. Amazon was a ecomm company when they released AWS. Etc. Sure, I'm cherrypicking the success stories but I don't think it's the only signal people should use.

Companies laundering their CEO's other failing companies is certainly a reason to sell.

What failing companies?

Re: Google Discloses $94.1B in SpaceX Stock, Marking 6% Stake

#217

Post by ballon_monkey »

georgeburdell wrote: post #67
dgellow wrote: post #65

Earlier quoted context omitted.

Not just that, but private investors were sold shares that all had the same voting rights. Since just before the IPO SpaceX now has dual class shares, Elon and a few insiders have class-B shares with 10x the voting power, while everybody else (including private investors) have class-A shares with 1x the voting power

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?

Facebook would never have become what it is today if Zuck had lost control of the voting. It would have been sold 10 times over and prob not exist today. I suspect the same could be said for Mask and his businesses.

Re: Google Discloses $94.1B in SpaceX Stock, Marking 6% Stake

#218

Post by dzonga »

georgeburdell wrote: post #67
dgellow wrote: post #65

Earlier quoted context omitted.

Not just that, but private investors were sold shares that all had the same voting rights. Since just before the IPO SpaceX now has dual class shares, Elon and a few insiders have class-B shares with 10x the voting power, while everybody else (including private investors) have class-A shares with 1x the voting power

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?

zuck for all his fault - he ain't a scammer or wannabe scammer.

he might have a large miss with the metaverse, & maybe current a.i effort. but in terms of being ruthless with competition & acquiring competition he did his job well as CEO.

musky on the other hand - overpromising and underdelivering.

Re: Google Discloses $94.1B in SpaceX Stock, Marking 6% Stake

#219

Post by matwood »

trimbo wrote: post #126
matwood wrote: post #49

Earlier quoted context omitted.

Remember this was also when SpaceX was actually about space, instead of mostly AI and Twitter. Long-term shareholders that were sold on the space, have to be thinking about how to get out once their lockups expire.

I don't think companies expanding their business should be the only reason to sell. Apple was a desktop and laptop computer company when they released the iPod. Nokia was a company making rubber products when they started making cellular equipment in the 1970s. Amazon was a ecomm company when they released AWS. Etc. Sure, I'm cherrypicking the success stories but I don't think it's the only signal people should use.

I wouldn't really say SpaceX expanded its business. It was merged with a social network and AI firm to juice its IPO valuation. The SpaceX part of the business is interesting, but the value is generously only about 20% of the value of the company. Anyone who wants to invest in AI isn't going to want a near last place model company. And who wants to put money into Twitter?

Re: Google Discloses $94.1B in SpaceX Stock, Marking 6% Stake

#220

Post by blitzar »

imagent wrote: post #85
TheAtomic wrote: post #40

Earlier quoted context omitted.

Actually, that's the service provided by GS, etc. They have those buyers on the other side of their Rolodex.

What is GS?

a great vampire squid wrapped around the face of humanity, relentlessly jamming its blood funnel into anything that smells like money
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