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The thing i'm not looking forward to is SpaceX will now be beholden to Wall Street. With Startship testing being so public, there's a whole cottage industry of youtubers watching their every move, there's going to be lots of ups and downs on the stock price.
I get and appreciate that sentiment. Musk currently has a controlling interest in SpaceX. Do you expect that to change after the IPO? Thanks!
[stub for offtopicness] [All: please don't post unsubstantive comments to HN. You don't have to like $Company or $Person, but when the banned accounts are posting more thoughtfully than the rest, that's... bad.]
What's in the SpaceX Files and why aren't they already public?
You don't have to believe. If you have a 401k you will be an investor 15 days after launch. The IPO will go great, because the company will float a fairly small issuance. The big shareholders will not immediately sell. They will hold on and maybe even buy to support the price. Then, after 15 days, it will enter the indexes and everyone's 401k will start auto-buying this stock. You might say this is an obvious flaw in…
So you've got a full year to wait on that index fund, assuming they don't cave.
[stub for offtopicness] [All: please don't post unsubstantive comments to HN. You don't have to like $Company or $Person, but when the banned accounts are posting more thoughtfully than the rest, that's... bad.]
Trying to dump on the market before the bubble pops.
[stub for offtopicness] [All: please don't post unsubstantive comments to HN. You don't have to like $Company or $Person, but when the banned accounts are posting more thoughtfully than the rest, that's... bad.]
[stub for offtopicness] [All: please don't post unsubstantive comments to HN. You don't have to like $Company or $Person, but when the banned accounts are posting more thoughtfully than the rest, that's... bad.]
On one hand I do take some enjoyment of suckers being fleeced. But on other hand I know who this all will benefit so I really can't do that. As whole I find that valuation just insane, but seemingly if you only offer tiny enough slice with enough hype it might bump prices to something that really make no sense at all...
Earlier quoted context omitted.
The five stages of Elon Musk: 1. Elon is a genius, a real world Tony Stark. 2. How dare you! You're just jealous! 3. Ok, regardless, he's done more to advance EVe and space travel than anyone else alive. 4. Oh God, he's going to cripple US development of EVs and rockets, isn't he? 5. Eh, Mars was never happening in my lifetime anyway.
I've got plenty of downvotes here on HN for critiquing him on Stage 1, herd mentality is relevant for HN community just as well.
You don't have to believe. If you have a 401k you will be an investor 15 days after launch. The IPO will go great, because the company will float a fairly small issuance. The big shareholders will not immediately sell. They will hold on and maybe even buy to support the price. Then, after 15 days, it will enter the indexes and everyone's 401k will start auto-buying this stock. You might say this is an obvious flaw in…
- "Le secret des grandes fortunes sans cause apparente est un crime oublié, parce qu’il a été proprement fait."
Honoré de BalzacYou don't have to believe. If you have a 401k you will be an investor 15 days after launch. The IPO will go great, because the company will float a fairly small issuance. The big shareholders will not immediately sell. They will hold on and maybe even buy to support the price. Then, after 15 days, it will enter the indexes and everyone's 401k will start auto-buying this stock. You might say this is an obvious flaw in…
For general investors if this is going to eventually happen, the earlier the indexes buy in the better. Otherwise more sophisticated investors will buy ahead of the indexes and grab the profit.