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SpaceX Drops 14% in One Day, Price Now Below IPO Launch

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Re: SpaceX Drops 14% in One Day, Price Now Below IPO Launch

#51
post #41

SpaceX will swing wildly in future, also exploding/successful Starship flights and enthusiasm for moon landing/Artemis missions.

Which is true, but silly. SpaceX's rocket business is currently a $4B/year business. SpaceX's $2T valuation has nothing to do with launching rockets, a little bit to do with being an ISP and a lot to do with AI hype.

The $2T valuation definitely depends on Starship working well. Orbital data centers have no chance of being profitable otherwise.

Re: SpaceX Drops 14% in One Day, Price Now Below IPO Launch

#52

I think it was completely obvious from the outset that this was a pump and dump scam. I'm waiting for the insider trading charges to hit.

No insiders have been able to sell yet, and won't for another couple months.

Elon and some major early investors are locked up for a whole year.

Re: SpaceX Drops 14% in One Day, Price Now Below IPO Launch

#56

pump and dump scheme, but your 401k bought some.

Notably, today was the first batch of additions, which really does lend credence to the idea that it's just about people getting out after the forced buying. We'll see what happens in early July when it makes it into the Nasdaq 100.

What's that theory? Who are the "people getting out after the forced buying"? People who bought assuming there would be an increase in price due to forced buying?

Re: SpaceX Drops 14% in One Day, Price Now Below IPO Launch

#58

Earlier quoted context omitted.

YOU MUST CONSTRUCT ADDITIONAL PYLONS!

It certainly wasn't a StarCraft or gaming reference, though I'm not surprised it was interpreted that way (personally bowed out of RTS ~C&C1). I do think you've got a good millennial-cultural catch-phrase for the zeitgeist AI datacenter funk there, though!

I wish I could train Claude to end every statement it utters with "YOU MUST CONSTRUCT ADDITION PYLONS".

And have it be permanently embedded.

Re: SpaceX Drops 14% in One Day, Price Now Below IPO Launch

#60
post #56

Earlier quoted context omitted.

Notably, today was the first batch of additions, which really does lend credence to the idea that it's just about people getting out after the forced buying. We'll see what happens in early July when it makes it into the Nasdaq 100.

What's that theory? Who are the "people getting out after the forced buying"? People who bought assuming there would be an increase in price due to forced buying?

Right. As the "short squeeze" dramas have shown, pump and dump victims these days can have a surprising amount of literacy on market dynamics. I would guess there's quite a lot of SpaceX investors who were convinced that the stock can't go down because the indexes have to buy it.
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