Biggest scam in history! :)
Not the biggest but I am sure it is in the top 10. FWIW, I say the top 7 scams occurred in the past 2 years.
SpaceX stock drops to a new low and loses $1T in value in a month
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Re: SpaceX stock drops to a new low and loses $1T in value in a month
#12Curious that Tesla stock fell in price at the moment of the Starship abort. For what possible reason would a failed rocket launch affect the fortunes of an electric car company?
Investor sentiment, including talk of a potential acquisition.
Re: SpaceX stock drops to a new low and loses $1T in value in a month
#13Shorties having a field day with it!
Re: SpaceX stock drops to a new low and loses $1T in value in a month
#14[flagged]
Not really because it's irrationally valued because of musk. So you'd probably just be getting a fair valuation without him which would mean many more lost billions.
Re: SpaceX stock drops to a new low and loses $1T in value in a month
#15Curious that Tesla stock fell in price at the moment of the Starship abort. For what possible reason would a failed rocket launch affect the fortunes of an electric car company?
Do you think the fact they are both led by the same nazi lunatic is a possible reason?
Re: SpaceX stock drops to a new low and loses $1T in value in a month
#16Earlier quoted context omitted.
It's market cap is still closer to 2 trillion than 1.
so was the comment that it wouldn't grow, or wouldn't shrink. :)
SpaceX is still a $1.6T company measured by the sum total paper value of all of its stock. Its stock would have to go down another 40% from today's value before it is not "a trillion dollar company."
It could grow, it could shrink, but it seems like the root comment misunderstood the headline by thinking it's current market cap is <$1T
Re: SpaceX stock drops to a new low and loses $1T in value in a month
#17SpaceX insiders have so many shares, once they can they are going to dump hard, get ready for another -$1T. Morningstar says $780 billion. Clown show: Raymond James - $800 Morgan Stanley - $300 Deutsche Bank - $255 JPMorgan - $225 Goldman Sachs - $205 Citi - $200
$200b seems very low for a company with this level of capital investment. They did 167 launches last year. It's one of the few industries where US is outproducing China. We have both more launches and heavier launches.
Put another way, the US spent $250b~ (inflation adjusted) dollars on the shuttle program, and we get much more output from SpaceX than we did for Shuttle.
Re: SpaceX stock drops to a new low and loses $1T in value in a month
#18Earlier quoted context omitted.
so was the comment that it wouldn't grow, or wouldn't shrink. :)
SpaceX is still a $1.6T company measured by the sum total paper value of all of its stock. Its stock would have to go down another 40% from today's value before it is not "a trillion dollar company." It could grow, it could shrink, but it seems like the root comment misunderstood the headline by thinking it's current market cap is <$1T
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Re: SpaceX stock drops to a new low and loses $1T in value in a month
#19Curious that Tesla stock fell in price at the moment of the Starship abort. For what possible reason would a failed rocket launch affect the fortunes of an electric car company?
I can see them as a shared fate for a couple reasons:
* the obvious one is Elon - both valuations are largely propped up on belief in Elon. Whenever he falters, his companies that are speculation-based (all of them) will take a hit
* Elon pitched SpaceX as an AI company. Tesla needs better AI because they keep sending signals that they won't be at L5 anytime soon, and Tesla's valuation is still very speculative[0]at least in part due to the race to L5 autonomy. i.e. Tesla will need better AI , and SpaceX is that natural fit (on paper, at least, I'm not sure SpaceX has any useful AI for any use case, let alone self-driving).
[0] Tesla's PE ratio of is still 30x massively out of line with it's actual earnings and ~30x the American automotive industry.
Re: SpaceX stock drops to a new low and loses $1T in value in a month
#20Curious that Tesla stock fell in price at the moment of the Starship abort. For what possible reason would a failed rocket launch affect the fortunes of an electric car company?
Elon likes his companies financially intertwined. He convinced the Tesla board to invest in xAI to help get it off the ground, which converted to SpaceX stock after the merger, so Tesla has about $2B in SpaceX stock on its balance sheet. SpaceX is also a pretty major customer of Tesla's batteries and cyber trucks and they're partners for his terrafab scheme. Plus, Elon is likely to sell some of his personal 15% stake in Tesla if he feels it's necessary to help SpaceX, which is his favorite child. The financial ties are likely to get stronger over time.
Also, the vibe is harshed, which is actually the most important factor for these kinds of wild valuations.