Earlier quoted context omitted.
I would not put it past Elon.
Honestly a little surprised the ticker wasn’t $XXX
Sadly that exists already.
SpaceX sheds $400B in market value as debut rally hits reverse
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Re: SpaceX sheds $400B in market value as debut rally hits reverse
#52Even if it drops to 1/2 its IPO price ($855B valuation) that still massively overpaying for it. What do they think is gonna come from this SpaceX + Twitter + XAi + Cursor amalgamation? Sexbot agents vibe coding on Mars?
what's the point of being vertically integrated if they're just going to rent out their compute ( https://www.reuters.com/business/media-telecom/ai-startup-re... ). This signals to me they don't have an internal use for it
It signals to me that they like money and people are willing to give it to them at unprecedented levels, and probably still have plenty of capacity for themselves afterwards. Why would you not accept billions of dollars per month?
Re: SpaceX sheds $400B in market value as debut rally hits reverse
#53Earlier quoted context omitted.
Don’t talk about fair valuations. Some people will say “who decides what anything is worth anyway”? Let people do what they want. If they lose their money they signed up for it.
I think the bigger issue is that oligarchs have gotten so powerful that they can just write down the valuation they want and the market will just agree with it blindly. The issue isn’t that investors will lose their money, the issue is that in some cases like Tesla they never do. The oligarchs are propped up by their own power over the behavior or the market — a power which is disproportionally larger than the object…
I don't get the complaint about Tesla. It's profitable, has little debt and 40 billion in the bank. What sort of "Power over the behavior of the market" do they exert? Like they can force people to buy their cars.
Space X has the most sophisticated vehicle ever created by man. Dicks does not. If you are only looking at revenue then sure, but that would be silly, you have to look at what the potential in a company is not it's current revenue, if not then looking at Blockbuster in 2008 would seem like a great investment compared to Netflix which didn't have much revenue.
Re: SpaceX sheds $400B in market value as debut rally hits reverse
#54It's crazy that Musk is worth a trillion dollar and the 2nd richest person is just 200 Billion dollars. What's more crazy is that the revenue in no way justifies the trillion dollars valuation of spaceX!
Chickens will roost when more of SpaceX is open to the market.
I doubt. Tesla is still so high!
Re: SpaceX sheds $400B in market value as debut rally hits reverse
#55Re: SpaceX sheds $400B in market value as debut rally hits reverse
#56Earlier quoted context omitted.
Tesla being worth more than entire auto industry and PE ratio of 350+, i feel like spaceX will do fine in public market.
I basically said a similar thing in another comment, but this is the real problem. The ultimate power of the modern oligarch is gaining far more wealth than the value their assets bring to the market. It would be healthier for our society if Tesla’s stock came back to earth to a valuation that made some level of sense for the business that they’re in. Musk would not be so astronomically rich in that case. The same st…
> transfer of wealth to major shareholders at the top.
Excellent summary of the apst 25yrs
Re: SpaceX sheds $400B in market value as debut rally hits reverse
#57Newton’s third law. To get anywhere, you have to leave something behind (bagholders).
Haha I like this!
Re: SpaceX sheds $400B in market value as debut rally hits reverse
#58Earlier quoted context omitted.
what's the point of being vertically integrated if they're just going to rent out their compute ( https://www.reuters.com/business/media-telecom/ai-startup-re... ). This signals to me they don't have an internal use for it
You could say the same about AWS circa 2011 though.
AWS did not need to buy excess inventory from Amazon because the sales were down
They also didn't need to buy another company lead by Bezos because ot was going cost him very much if certain conditions are met
Re: SpaceX sheds $400B in market value as debut rally hits reverse
#59Re: SpaceX sheds $400B in market value as debut rally hits reverse
#60Earlier quoted context omitted.
The plan is simply for insiders to offload their bags (overvalued shares) to retail investors, like the folk who frequent the wallstreetbets subreddit and do all their “investing” on Robinhood. This speaks to the larger trend of the lower and middle class apparently giving up on any plans to retire- and it’s understandable as the federal minimum wage has never been so disconnected from the cost of living, plus inflat…
Agreed. More importantly, this long documented history of massive recurring multi-billion dollar fraud and theft – mostly from domestic and international retirement funds – indicates that America is essentially, for all intents and purposes, a plutocratic dictatorship with the illusion of democracy. Ticking a box every few years, when all your options are pre-positioned to continue a criminal status-quo, is neither "…
apologies, not putting it directly at you
I've always thought americans had an amendment specifically for situations when voting does not work
I think it's a great illustration of complicated cybernetics at work, i.e. its not enough to give people the right to enact change and own the instruments for it: homeostatic forces will preserve status quo no matter how many firearms are circulating. Can't really think of a clean approach to this predicament though