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SpaceX stock erases all its gains and slides below IPO price in intraday trading

latimes.com

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Re: SpaceX stock erases all its gains and slides below IPO price in intraday trading

#291

Post by rootusrootus »

grosswait wrote: post #171
fg137 wrote: post #65

Earlier quoted context omitted.

And I don't understand why a serious media outlet is covering this at all. The entire article could be irrelevant the next day. Without any actual, meaningful news coming out of the company (important financial update, new product, bankruptcy etc), stock price moves are only meaningful to day traders, not anyone who is doing serious investing. LA Times is making themselves the same as CNBC or sources you find on Yaho…

Because anti-Elon thinking is a thing that really seems to impact the judgement of some people and this kind of news really gets them to engage

It is nearly a perfect analog to TDS. All the way down to the uncritical supporters accusing everyone else of being the deranged ones. It would be hilarious if it did not have such a negative impact on bystanders.

Re: SpaceX stock erases all its gains and slides below IPO price in intraday trading

#292

Post by rootusrootus »

defmetrix wrote: post #211
panick21_ wrote: post #205

Earlier quoted context omitted.

I was a fan of early Elon. He had many problems but he was overall good. Then he turned full ultra right wing nationalist who engaged in science denial. Supported a president that is unquestionably racists and unquestionably fascists. And he made this clear by doing some Nazi salutes on top of that. Then he used that influence to sell a completely false idiotic story that cuts to discretionary spending could 'fix' th…

I hear what you are saying. There are many CEOs and companies that I also dont like. But I dont spend everyday checking their stock price and cheering for them to fail like they are my rival sports team. I just dont understand why many people are so glued to watching his companies, rooting for failure, and running to post on the internet as soon as something bad happens. I cant think of a similar situation.

> I just dont understand why many people are so glued to watching his companies, rooting for failure

Because it is a game. A personality cult. Elon made it so because that shoots the value of his companies towards the moon as the true believers buy & hold. And in any game there is opposition, the scale of which will be directly proportional to the fans (so just as fanatical, just as loud). The root cause of this situation is Elon correctly understanding that he could become much wealthier making people dream of Tony Stark than in emulating Tim Cook.

Also, plenty of people want him to fail because this is a clearly unhealthy corruption of the public markets and is likely to have negative consequences for otherwise uninterested bystanders who get caught in the blast radius.

And some of us are bitter that this is as close as we're ever going to get to a real life Tony Stark, and it stings.

Re: SpaceX stock erases all its gains and slides below IPO price in intraday trading

#293

Post by make3 »

pfisherman wrote: post #4

My understanding is that an ideally priced IPO should not move much from the opening price in the near term. If it pops it means they left money on the table. If it drops, then I am not sure what the implication is exactly? Now I think SpaceX is massively overhyped, but is the share price returning to IPO opening not just a sign that the banks accurately estimated something?

Not if it's going to keep dropping, which I think is fair to assume as people wake up to the fundamentals after the hype is done (not financial advice)

Re: SpaceX stock erases all its gains and slides below IPO price in intraday trading

#294

Post by burnerRhodov3 »

aoshifo wrote: post #91
Octoth0rpe wrote: post #75

Earlier quoted context omitted.

> SpaceX is an AI company without a frontier model. Unless they manage to build such a model, then their plan looks like they intend to be an AI _infrastructure_ company. Which is probably viable and healthy business! One with lots of competition and low margins that is completely misaligned with their current valuation.

It might be a viable business model, but does not warrant anywhere near these valuations.

spending $22b to make $30B a year seems like a great business model to me?

Re: SpaceX stock erases all its gains and slides below IPO price in intraday trading

#296

Post by CrimsonRain »

root_axis wrote: post #264
CrimsonRain wrote: post #90

Earlier quoted context omitted.

What is he doing with all that wealth? Taking lavish vacations? Buying luxurious yacht? Buying islands and making bunkers?

He spent $300 million in cash (more than any individual donor in history) to help elect the current president.

A lot of people spent a LOT more money in every election for many candidates. Esp the democrats going over billions in 2020 (3B or something). Did you cry about electing Biden with 3B?

And if he spent only 300M and was able to elect president with it, more power to him. He must know something about efficiency as others spending so much more couldn't do it. Ridiculous points. I can bring them up too.

Re: SpaceX stock erases all its gains and slides below IPO price in intraday trading

#297

Post by CrimsonRain »

epistasis wrote: post #133
CrimsonRain wrote: post #90

Earlier quoted context omitted.

What is he doing with all that wealth? Taking lavish vacations? Buying luxurious yacht? Buying islands and making bunkers?

Having the wealth, of course, the glory of being the richest man to have walked earth. Spending it is not the goal, having the wealth is. Remember the ridiculous Tesla compensation package that he demanded? That's about having wealth, it's not about spending it.

It is about having control of the company directions and not be beholden to stupid board members or hostile take overs.

Re: SpaceX stock erases all its gains and slides below IPO price in intraday trading

#298

Post by CrimsonRain »

sailfast wrote: post #129
CrimsonRain wrote: post #90

Earlier quoted context omitted.

What is he doing with all that wealth? Taking lavish vacations? Buying luxurious yacht? Buying islands and making bunkers?

I would much prefer Mr. Musk found a nice hobby like yachts or race horses instead of buying communication platforms, bulldozing regulations, and bribing officials with PAC money. That said, he needs the wealth to keep the whole machine from falling over. One element might be stable but the rest is overstretched and about to go bankrupt at any minute. He is doing this to get back control of Tesla while also investing…

So when they spend money to rent town area for marriage, it is a problem. When they spend money to actually do some work to make the world a better place, it is also a problem. The only good thing is donate money like bezos ex-wife and fuel the activists. Eff socialism.

Re: SpaceX stock erases all its gains and slides below IPO price in intraday trading

#299

Post by inigyou »

CrimsonRain wrote: post #298
sailfast wrote: post #129

Earlier quoted context omitted.

I would much prefer Mr. Musk found a nice hobby like yachts or race horses instead of buying communication platforms, bulldozing regulations, and bribing officials with PAC money. That said, he needs the wealth to keep the whole machine from falling over. One element might be stable but the rest is overstretched and about to go bankrupt at any minute. He is doing this to get back control of Tesla while also investing…

So when they spend money to rent town area for marriage, it is a problem. When they spend money to actually do some work to make the world a better place, it is also a problem. The only good thing is donate money like bezos ex-wife and fuel the activists. Eff socialism.

What did Elon do that made the world a better place

Re: SpaceX stock erases all its gains and slides below IPO price in intraday trading

#300

Post by toomuchtodo »

toomuchtodo wrote: post #289
toomuchtodo wrote: post #112

Earlier quoted context omitted.

I was told I was giving poor advice explaining how to avoid exposure to the latest Musk grift. Unfortunate. “It's easier to fool people than to convince them that they have been fooled.” —- Mark Twain https://news.ycombinator.com/item?id=48374430 (SpaceX shorts have made ~$4B in profits on paper so far, as of this comment)

~$8.7B in profits, as of this comment. Short sellers notch $8.7B profit as SpaceX shares dip to IPO price - https://news.ycombinator.com/item?id=48948435 - July 2026 SPCX is now Wall Street's most shorted new stock - https://news.ycombinator.com/item?id=48938001 - July 2026

~$15.5B in profits, as of this comment.

Short sellers notch $15.5B profit as SpaceX shares slip - https://news.ycombinator.com/item?id=49021030 - July 2026

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