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SpaceX sheds $400B in market value as debut rally hits reverse

ft.com

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Re: SpaceX sheds $400B in market value as debut rally hits reverse

#21

Post by lokar »

Ancalagon wrote: post #15
mgh2 wrote: post #14

Earlier quoted context omitted.

They are buying their time (6 months) before being included in the S&P500s, causing another inevitable surge in forced "demand".

Nit: the phrase is “biding their time” FYI I agree with your statement overall.

Or “buying time”

Re: SpaceX sheds $400B in market value as debut rally hits reverse

#22

Post by lokar »

rchaud wrote: post #6
kingstnap wrote: post #2

Even if it drops to 1/2 its IPO price ($855B valuation) that still massively overpaying for it. What do they think is gonna come from this SpaceX + Twitter + XAi + Cursor amalgamation? Sexbot agents vibe coding on Mars?

Pentagon contracts.

Until MAGA is out of power

Re: SpaceX sheds $400B in market value as debut rally hits reverse

#24

Post by Grombobulous »

darth_avocado wrote: post #17
kingstnap wrote: post #2

Even if it drops to 1/2 its IPO price ($855B valuation) that still massively overpaying for it. What do they think is gonna come from this SpaceX + Twitter + XAi + Cursor amalgamation? Sexbot agents vibe coding on Mars?

Don’t talk about fair valuations. Some people will say “who decides what anything is worth anyway”? Let people do what they want. If they lose their money they signed up for it.

I think the bigger issue is that oligarchs have gotten so powerful that they can just write down the valuation they want and the market will just agree with it blindly.

The issue isn’t that investors will lose their money, the issue is that in some cases like Tesla they never do. The oligarchs are propped up by their own power over the behavior or the market — a power which is disproportionally larger than the objective value their companies bring to the economy.

SpaceX is a company with the same revenue as Dick’s Sporting Goods.

Re: SpaceX sheds $400B in market value as debut rally hits reverse

#26

Post by BobbyTables2 »

kingstnap wrote: post #2

Even if it drops to 1/2 its IPO price ($855B valuation) that still massively overpaying for it. What do they think is gonna come from this SpaceX + Twitter + XAi + Cursor amalgamation? Sexbot agents vibe coding on Mars?

That’s at least something to look forward to!

Re: SpaceX sheds $400B in market value as debut rally hits reverse

#28

Post by jojobas »

darth_avocado wrote: post #17
kingstnap wrote: post #2

Even if it drops to 1/2 its IPO price ($855B valuation) that still massively overpaying for it. What do they think is gonna come from this SpaceX + Twitter + XAi + Cursor amalgamation? Sexbot agents vibe coding on Mars?

Don’t talk about fair valuations. Some people will say “who decides what anything is worth anyway”? Let people do what they want. If they lose their money they signed up for it.

I don't think most people signed up for it by just having some money in their pension funds.

Re: SpaceX sheds $400B in market value as debut rally hits reverse

#29

Post by justanotherjoe »

kingstnap wrote: post #2

Even if it drops to 1/2 its IPO price ($855B valuation) that still massively overpaying for it. What do they think is gonna come from this SpaceX + Twitter + XAi + Cursor amalgamation? Sexbot agents vibe coding on Mars?

Something like the plan in the anime Jormungand maybe? (https://jormungand.fandom.com/wiki/Jormungand)

Re: SpaceX sheds $400B in market value as debut rally hits reverse

#30

Post by helsinkiandrew »

mgh2 wrote: post #14
kingstnap wrote: post #2

Even if it drops to 1/2 its IPO price ($855B valuation) that still massively overpaying for it. What do they think is gonna come from this SpaceX + Twitter + XAi + Cursor amalgamation? Sexbot agents vibe coding on Mars?

They are buying their time (6 months) before being included in the S&P500s, causing another inevitable surge in forced "demand".

In the next 6 months another 45%-50% of Space X stock is unlocked, increasing the amount of shares on the market ~10 fold.

Although many will be long term believers who won’t sell. I can’t see how this couldn’t deflate the share price further

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