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SpaceX's IPO is a disaster waiting to happen for your pension fund

irishtimes.com

31–40 of 53 posts

Re: SpaceX's IPO is a disaster waiting to happen for your pension fund

#31
post #30

I already emailed my pension mangers to divest from the fascists (Easily identified by Trumps inaugural pphotos.

You should short the stock. If you think it’s a big scam and not actually worth being in the top 500 US companies, you could make a lot of money.

not everyone responds to a perceived social ill by thinking "maybe I should gamble"

Re: SpaceX's IPO is a disaster waiting to happen for your pension fund

#32
post #30

I already emailed my pension mangers to divest from the fascists (Easily identified by Trumps inaugural pphotos.

You should short the stock. If you think it’s a big scam and not actually worth being in the top 500 US companies, you could make a lot of money.

I'm sorry, I shouldn't do shit to avoid fraud. The government should enforce fraudulent behavior.

But no, we're in the grift economy where I'm suppose to hedge my bets about how big a fraud is and when someone will wake up naked in a pit of aligators.

Good luck with that.

Re: SpaceX's IPO is a disaster waiting to happen for your pension fund

#33
post #30

I already emailed my pension mangers to divest from the fascists (Easily identified by Trumps inaugural pphotos.

You should short the stock. If you think it’s a big scam and not actually worth being in the top 500 US companies, you could make a lot of money.

You're ignoring the fact that timing has a lot to do with a short position. There was a long period where shorting Enron would've ruined you, and a short period when it'd make you rich.

Re: SpaceX's IPO is a disaster waiting to happen for your pension fund

#34
post #7

Earlier quoted context omitted.

> And I can assure you building rockets isn't rocket science. Is this parody? > Other companies will follow propped up by their governments. It's cool to say but it hasn't happened. And rockets literally are, well, rocket science.

It does currently happen. In Germany alone there are 3 rocket companies + 1 space vehicle based on governmental programs. You can ask chatgpt for other projects. And yes, my pun which you didn't get just says: Building rockets isn't hard.

> And yes, my pun which you didn't get just says: Building rockets isn't hard.

No I get it except it's a ridiculous take. Building rockets is objectively hard.

> In Germany alone there are 3 rocket companies + 1 space vehicle based on governmental programs.

Literally none of them have reached orbit.

Re: SpaceX's IPO is a disaster waiting to happen for your pension fund

#35
post #4

Why should people invest in SpaceX? Because they're going to be propped up by the US government for a long time. Nations need a way to get to space. SpaceX has launched more rockets than anyone in the last few years. Including 3x more than China's space agency.

Having a global internet service with at cost launch prices is about 3-8 trillion dollar business. That's one product line at Space X.

Genuinely curious about the math behind this. https://www.msci.com/indexes/index/754891 this index represents a decent chunk of the worldwide telecommunication industry. It's only worth $1.45T in total. They roll trucks and dig trenches to provide internet service - and provide other telecom services besides. My gut tells me that's cheaper than launching rockets. And these companies already provide service to most of the humans that have money.

I think SpaceX has done brilliantly in lowering the cost of rocket launches. I still don't understand or believe in the valuation.

Re: SpaceX's IPO is a disaster waiting to happen for your pension fund

#37
post #4

Why should people invest in SpaceX? Because they're going to be propped up by the US government for a long time. Nations need a way to get to space. SpaceX has launched more rockets than anyone in the last few years. Including 3x more than China's space agency.

I'm happy to tell you that Nations don't want to be dependent on the US government and Elon Musk. So there is a big race to build the next SpaceX. And I can assure you building rockets isn't rocket science. Other companies will follow propped up by their governments.

This is like a pea buried under 7 mattresses of delusion. If you dont like Musk, fine, but cmon man.

Re: SpaceX's IPO is a disaster waiting to happen for your pension fund

#39
post #29

Earlier quoted context omitted.

I'm happy to tell you that Nations don't want to be dependent on the US government and Elon Musk. So there is a big race to build the next SpaceX. And I can assure you building rockets isn't rocket science. Other companies will follow propped up by their governments.

>I can assure you building rockets isn't rocket science. This is mind bogglingly wrong. “[Rocket Science] looks hard and is harder than it looks” is the classic line. Anyone in the industry will tell you how extremely difficult rockets are. Look at Blue Origin, all the money in the world and it still blows up on the pad. Look at ULA, largest aerospace companies in the world with institutional aerospace talent, backed…

So what is the secret sauce SpaceX brings to the table? Obviously they have top talent, but if it's not a matter of funding or talent, what makes them stand out?

Re: SpaceX's IPO is a disaster waiting to happen for your pension fund

#40
post #4

Why should people invest in SpaceX? Because they're going to be propped up by the US government for a long time. Nations need a way to get to space. SpaceX has launched more rockets than anyone in the last few years. Including 3x more than China's space agency.

Having a global internet service with at cost launch prices is about 3-8 trillion dollar business. That's one product line at Space X.

Really because the entire world's economy is only about 120Tn. One internet provider is about 5% of that?
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