Hacker News Board Hacker News, browsed like a classic message board
Live data from Hacker News

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

wsj.com

Post reply on HN
Print view View original

241–250 of 344 posts

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

#241

Post by jeltz »

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…

> Tesla is the only Western electric car company in the top 20

WV is number 6 in the top 20, and BMW is number 10. And while Tesla has good sales now their lack of innovation is a huge risk.

https://www.blackridgeresearch.com/blog/list-of-global-top-e...

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

#243

Post by sportsracersss »

consensus1 wrote: post #182
throwaway27448 wrote: post #157

Earlier quoted context omitted.

I was primarily referring to the acquisition of musk's ai company. But the more general (and unfortunately widely accepted practice of) government contracting culture certainly applies to OpenAI and Anthropic as well. EDIT: cleaned up my comment; removed a more inflammatory claim about corruption in the private sector.

Who has delivered better value for money on government contracts than SpaceX?

You can't make that claim for a company that's as deep in the red as SpaceX is. With all of the VC subsidies, the cost of delivering the product isn't reflected in the price they charge.

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

#244

Post by watwut »

adabyron wrote: post #80
next_xibalba wrote: post #50

Earlier quoted context omitted.

There is quite a bit of information out there as to how Google is achieving short term growth in their core search business. And boy, it is ugly. It does not signal long term continued growth.

Please explain more. I haven't seen anything of quality. Best I can observe is they've increased ads on videos and pages.

They search used to be good and became rather bad.

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

#245

Post by aeternum »

downrightmike wrote: post #224
benoau wrote: post #114

Earlier quoted context omitted.

Presumably Starlink for routing throughout space. Google does under-sea cables and domestic internet access too.

Having your exponentially more expensive fleet of satellites constantly burning up versus dedicated cables that rarely need replacing

All energy generated on earth contributes to global warming, even solar panels which decrease Earth's albedo. If you care about climate change and the earth you should want the datacenters to be in space.

The earth is limited in the amount of thermal energy it can radiate.

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

#247

Post by hahahaa »

IAmGraydon wrote: post #46
hahahaa wrote: post #29

Earlier quoted context omitted.

Short Google? Early is wrong you know?

That’s a pretty weird take considering they’re down 21% in the last 2 months. How, exactly, is this early?

Zoom out. Look at 5 yr chart then look at April 2025 could say the same thing.

Also when shorting you are betting against the machine of capitalism. It's like very rare and abnormal for today to be a GFC or Enron sort of day rather than a business as usual. You need a lot of skill to short a top 50 comompany. Anyway good luck.

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

#248

Post by mpalczewski »

dragontamer wrote: post #222
DaedalusII wrote: post #129

Earlier quoted context omitted.

you should have a look at proxy firms. you would be surprised

Could you explain to me how an investor owning SPY shares gets to control the proxy vote? Oh, don't worry. I already know the answer. I'm asking if YOU can tell me the answer.

You can buy IVV instead and get the same exposure but this time you get to vote. Or you could just not own spy and buy the shares individually.

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

#249

Post by laughing_man »

hbarka wrote: post #234
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

Putting the principal idea of “publicly owned” in its head.

Not at all. Ownership and voting rights are two different things. Musk can't, for example, declare a dividend that pays his shares out more than the common shares.

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

#250

Post by dragontamer »

kelnos wrote: post #227
dragontamer wrote: post #109

Earlier quoted context omitted.

The typical "investor" is an ETF these days. Your standard SPY or VTI investor doesn't know jack diddly squat about shareholder rights, nor do they ever plan to invoke them.

Willful ignorance is not an excuse. If you buy into an ETF, you are delegating responsibility to the people who run the ETF (or the people who maintain the index that the ETF tracks), and you've decided you're ok with that, and are ok with whatever companies are in the index/ETF. You can always decide to pick an ETF that doesn't invest in the companies you don't like, or invest in individual stocks if you have the ti…

I'm not saying I like this turn of events.

I'm saying it's how the world works. The majority of pension funds (public or private) and 401k plans are simply passive index funds with nearly no direct voting rights (and at best very limited, indirect voting rights).

Post reply on HN