Earlier quoted context omitted.
SpaceX near $100/share is a great long position now, IMO.
Why $100? Why not $80 or $5 or $134?
It's the largest psychological barrier between the IPO price and $0.
Google Discloses $94.1B in SpaceX Stock, Marking 6% Stake
331–340 of 344 posts
Re: Google Discloses $94.1B in SpaceX Stock, Marking 6% Stake
#332Earlier 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…
> Tesla is the only Western electric car company in the top 20, and this includes Korea and Japan
id attribute that to the US government rather than musk?
same with the resuable rockets.
american taxpayers have been screwed over by doing these things as money to musk vs just building it
Re: Google Discloses $94.1B in SpaceX Stock, Marking 6% Stake
#333Earlier 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
Shares with more votes like that really need to be illegal.
No they don't.
Re: Google Discloses $94.1B in SpaceX Stock, Marking 6% Stake
#334This puts google in the circular chain of SillyCon Valley businesses under-writing/financing each other's debt.
That said, as indicated by the presence of Fidelity Investments, everybody is in on it at this point.
Re: Google Discloses $94.1B in SpaceX Stock, Marking 6% Stake
#335Re: Google Discloses $94.1B in SpaceX Stock, Marking 6% Stake
#336Earlier quoted context omitted.
That’s a pretty weird take considering they’re down 21% in the last 2 months. How, exactly, is this early?
Early in terms of there being no sign of actual signs of decay of their business. It's less than a week since Google reported literally the highest quarterly profits by any public company ever[0]. This is while growing at 25% YoY, which is just insanely fast for a company that size. [0] By net income. By operating income, still like top 5 to top 10 depending on how you interpret the numbers.
The market is forward looking. If you short when it's obvious to everyone, it will already be at the bottom. Clearly, shorting now or a few months ago would have been the correct move. The market has predicted that their outsized quarterly profits are the last they'll report for some time, hence the selloff.
Re: Google Discloses $94.1B in SpaceX Stock, Marking 6% Stake
#337Re: Google Discloses $94.1B in SpaceX Stock, Marking 6% Stake
#338Re: Google Discloses $94.1B in SpaceX Stock, Marking 6% Stake
#339Earlier quoted context omitted.
Envy is a hell of a drug
I know this will sound inconceivable to you but some people genuinely think nobody should have that much money - including themselves. If you want to make it sound irrational and emotional the correct word wouldn't be "envy" - it would be "fremdschämen" or if you prefer something not borrowed from German: "cringe".
Yes I'm sure that is genuine belief and not just a manifestation of envy. I can't describe the level of contempt I have for people who go around opining on how much money they think other people should have.
Re: Google Discloses $94.1B in SpaceX Stock, Marking 6% Stake
#340Earlier quoted context omitted.
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.
Or maybe Facebook would still be a valuable destination and instagram still a great product for sharing photos instead of god knows what Zuckerberg has done to them now. instagram being a cheap tiktok clone is frankly an insult.
Instagram is stealing my wife. Literally, the mental rot it inspires from echo chambers makes sensible human conversation sadly very hard.