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Can the stockmarket swallow Anthropic, SpaceX and OpenAI?

economist.com

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Re: Can the stockmarket swallow Anthropic, SpaceX and OpenAI?

#491

Post by pj_mukh »

pryce wrote: post #355
augstein wrote: post #105

For SpaceX (and possible the others): Yes it can, since they changed the rules to force over $30 trillion in passive 401k and retirement money to buy SpaceX at IPO valuations. From https://x.com/Hedgeye/status/2060435253928604065 : "Rule changes for the SpaceX $SPCX IPO: Index providers waived the profitability requirement and cut the seasoning window from 90 days to 5. This forces over $30 trillion in passive 401k a…

This should be a 5 alarm fire. It reminds me of nothing more than organized crime rackets that targeted control of union retirement funds

Okay before we set off the alarm though, can someone tell me What percentage of these index funds will be SPCX and TSLA?

Like if both these stocks become penny stocks what happens to the indices?

Isn’t the whole point that they are hedged across the whole market?

Re: Can the stockmarket swallow Anthropic, SpaceX and OpenAI?

#493

Post by jjav »

fourside wrote: post #394
guywithahat wrote: post #389

Earlier quoted context omitted.

Why? An index fund represents the market (usually top 100 or 500 companies), and SpaceX will certainly be in the top few companies. I would argue it's a lot riskier to buy it after the IPO price (if you're buying it secondary it would be easier to spike prices by accident), plus then it's not representative of the actual market until you've purchased the stock. Unless I'm misunderstanding this, buying at the sale pri…

Why does SpaceX warrant a change of existing trading rules?

> Why does SpaceX warrant a change of existing trading rules?

It does not, of course, but when oligarch corruption runs supreme, it is whatever they want.

Re: Can the stockmarket swallow Anthropic, SpaceX and OpenAI?

#494

Post by dools »

BostonFern wrote: post #353
dools wrote: post #198

Earlier quoted context omitted.

At this point in US regulatory oversight I would have a harder time finding evidence of no corruption.

Then present your evidence, so we can have a substantive debate and draw informed conclusions.

My evidence of no corruption?

I can’t find any because the admin is so horrendously corrupt.

Re: Can the stockmarket swallow Anthropic, SpaceX and OpenAI?

#495

Post by styx31 »

augstein wrote: post #105

For SpaceX (and possible the others): Yes it can, since they changed the rules to force over $30 trillion in passive 401k and retirement money to buy SpaceX at IPO valuations. From https://x.com/Hedgeye/status/2060435253928604065 : "Rule changes for the SpaceX $SPCX IPO: Index providers waived the profitability requirement and cut the seasoning window from 90 days to 5. This forces over $30 trillion in passive 401k a…

See also https://www.youtube.com/watch?v=sYA-z0Y8WRQ for a quick explanation in 10 minutes.

Re: Can the stockmarket swallow Anthropic, SpaceX and OpenAI?

#496

Post by ExoticPearTree »

DarkNova6 wrote: post #466
ExoticPearTree wrote: post #435

I don’t understand why there is so much pushback and skepticisim about SpaceX. They actually have a functioning product, a market where they sell the product and virtually no competition at their pricepoint.

SpaceX is actually 3 companies, one of which is profitable. The satellite business operates at a loss and xAI is a money burning furnace.

> The satellite business operates at a loss

How come? On the books or they're actually selling internet cheaper than they source it?

> xAI is a money burning furnace

So far in the AI business, it looks like only Anthropic might be profitable in the near future. On the other hand, a lot of nonprofitable companies have IPOd for billions with the hopes that one day they will become profitable.

Re: Can the stockmarket swallow Anthropic, SpaceX and OpenAI?

#497

Post by thepasch »

threetonesun wrote: post #191
olalonde wrote: post #120

Earlier quoted context omitted.

Comments like these make me feel like we're living in different worlds. I use LLMs multiple times a day and they've significantly improved my quality of life. They are also steadily becoming more useful over time (e.g. now solving math problems).

I’d love it if for once someone on here saying LLMs are some life changing apparatus would give a single example.

From experience, whenever someone asks in that particular tone and is actually provided with examples, they proceed to bend over backwards to "prove" that it's secretly not much of an improvement at all/AI psychosis/a mirage/actually harmful/.

Re: Can the stockmarket swallow Anthropic, SpaceX and OpenAI?

#498

Post by aaa_aaa »

moffkalast wrote: post #452
pryce wrote: post #355

Earlier quoted context omitted.

This should be a 5 alarm fire. It reminds me of nothing more than organized crime rackets that targeted control of union retirement funds

If Al Capone were alive today he'd seem like an honest man compared to these crooks that are running rackets on a global scale.

I read "AI Capone", fittingly

Re: Can the stockmarket swallow Anthropic, SpaceX and OpenAI?

#499

Post by ashdksnndck »

tdeck wrote: post #349
augstein wrote: post #105

For SpaceX (and possible the others): Yes it can, since they changed the rules to force over $30 trillion in passive 401k and retirement money to buy SpaceX at IPO valuations. From https://x.com/Hedgeye/status/2060435253928604065 : "Rule changes for the SpaceX $SPCX IPO: Index providers waived the profitability requirement and cut the seasoning window from 90 days to 5. This forces over $30 trillion in passive 401k a…

What can those of us who are passive investors do to protect ourselves?

If you intend to remain a passive investor, keep doing what you’re doing. If you have conviction that AI boom will bust and you want to become an active investor, follow the advice from other comments on how to prevent these companies from being part of your portfolio. If you're going to become an active trader, I suggest thinking about both upside and downside risks and look beyond the local echo chamber.

Re: Can the stockmarket swallow Anthropic, SpaceX and OpenAI?

#500

Post by dnnddidiej »

827a wrote: post #178
ElProlactin wrote: post #74

Earlier quoted context omitted.

The thing is that at these levels of debt, repayment is never the goal.

Repayment isn't a goal that anyone in the system should reasonably want. Federal debt is not like credit card debt. Debt is a product that the US Government sells. Me, being a big corporation or human, go to the USG and say "I need somewhere to park my money that is safeish from inflation". The USG sells me debt at X.Y% interest. The money now generates safe interest, which means its safeish from inflation. A world w…

So the more people want US$ debt the more tbe US government must spend?
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