IMHO, still too much. Someone posted this link [1] recently. [1] https://www.youtube.com/watch?v=IHD8BDFYyGI
Best comment below: (15k likes)
>> In space no one can hear you scam
Morningstar values SpaceX at $780B, half its IPO target
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Re: Morningstar values SpaceX at $780B, half its IPO target
#72Honestly this sounds about right for an innovative spaceflight/ISP company saddled with a failing AI lab and a toxic social media website.
Re: Morningstar values SpaceX at $780B, half its IPO target
#73IMHO, still too much. Someone posted this link [1] recently. [1] https://www.youtube.com/watch?v=IHD8BDFYyGI
300B given its revenues would be a huge stretch. 780B is ridiculous. 1.5T is science fiction.
Have you seen teslas EPS?
Unfortunately I have very little knowledge of the historical stock market and if this order of magnitude of bullshit valuation has ever occurred before.
Re: Morningstar values SpaceX at $780B, half its IPO target
#74Earlier quoted context omitted.
I keep seeing this comment on all these spacex posts, can someone ELI5 to me why the pension funds are going to be forced to buy this? (do they not have free will on what they buy?)
SpaceX made fast index inclusion a condition of where it listed. Nasdaq changed its index rules so that instead of having to wait months to a year, SpaceX can enter an index after 15 trading days. Index funds track an index mechanically. If you run an S&P 500 fund, you have to mirror the S&P 500. If a company gets added to the index, every fund tracking the index must buy it to match the index -- there is no discreti…
By bypassing the rules this way they are making people doubt the security of index funds, which would damage the market just by association. Anyone who cared about the stability of these instruments would categorically deny such a request. It seems to say a lot about the market makers in general that this is being allowed.
Re: Morningstar values SpaceX at $780B, half its IPO target
#75As is the case with Elon's companies (and a bit of the market itself), it feels like any logical valuation has no impact on the actual stock price.
The market can stay insane longer than you can stay solvent. In the short term the market is a popularity machine but in the long term it is a weighing machine.
Can we stop just repeating quotes like those over and over. If you have thoughts, please articulate them, its pretty frustrating to see the same exact quotes repeated over and over whenever there is a submission stock related
Re: Morningstar values SpaceX at $780B, half its IPO target
#76Man I'm so eager to find out how all this unfolds and when does the music stop for Elon and his shenanigans.
Same here. I’ve had an IRA and 401k since I was 21 and I’m 59 now (but still feel as smart as a 21 year old). I doubt I’ll see my lifetime of investment go up in smoke, just a big hill: up super high for a few years and then back to 2024 levels by 2030.
Re: Morningstar values SpaceX at $780B, half its IPO target
#77Earlier quoted context omitted.
The market can stay insane longer than you can stay solvent. In the short term the market is a popularity machine but in the long term it is a weighing machine.
Can we stop just repeating quotes like those over and over. If you have thoughts, please articulate them, its pretty frustrating to see the same exact quotes repeated over and over whenever there is a submission stock related
That’s like 90% of this site. Roll with it.
Re: Morningstar values SpaceX at $780B, half its IPO target
#78Earlier quoted context omitted.
SpaceX made fast index inclusion a condition of where it listed. Nasdaq changed its index rules so that instead of having to wait months to a year, SpaceX can enter an index after 15 trading days. Index funds track an index mechanically. If you run an S&P 500 fund, you have to mirror the S&P 500. If a company gets added to the index, every fund tracking the index must buy it to match the index -- there is no discreti…
And to try and expand on why an index would include a waiting period in it's rules, my limited understanding is it's to give the public markets time to follow the company and review several quarters of financial results to stabilize the valuation in relation to those results before getting included in the index.
That’s my understanding too, it’s for price discovery
Re: Morningstar values SpaceX at $780B, half its IPO target
#79As is the case with Elon's companies (and a bit of the market itself), it feels like any logical valuation has no impact on the actual stock price.
The irrational exuberance around Tesla was at least somewhat grounded in reality. There were some possible future(s) where it was really going to take off and completely redefine the auto industry. Then of course things went really off the rails with the Cybertruck, pivot to robotics, and just seemingly giving up on their existing line of business to go chasing whatever bong fueled dream Musk is having this quarter.…
Can you image how much better Tesla would be doing if musk was no longer involved?
Re: Morningstar values SpaceX at $780B, half its IPO target
#80I want to buy options against QQQ so badly -- but Tesla has traded at a crazy multiple of revenue/profits for a very long time, so I'm wondering if Elon/AI hype will keep these stocks high longer than I want to pay the risk premium for (options).
The SpaceX IPO has a tiny 5% float and only a $75 billion raise target. There are enough morons in the world that they will compete to buy and push the valuation up. It's all a stupid financial trick to make Elon a paper trillionaire.