Sure would be nice to have some food, affordable housing, and healthcare…
Get out of here, fracking lazy SOCIALIST!! 😡
They keep going around trying to make the world a better place. Awful hateful people.
Right??! Frack them!!
Y’all just need to pull yourself up by the bootstraps
Initial price was $135. Then it climbed to $210ish. Now $185.
Pretty regular stuff for a new IPO meme stock.
Yup.
I, like you, am expecting this to be a monumental failure, but this shit’s normal.
There is literally nothing but hope behind the valuation. Same as Tesla. Just dreams and hopes.
That’s not true, it’s betting on American corruption…which is a pretty good bet.
Both Tesla and SpaceX has produced a lot of stuff, some of it pretty good. But yeah, their stock price are bit out there.
90% of SpaceXs assets are in AI Datacenters that are running grok, I wouldn’t call that any good stuff, even in terms of AI. Apart from that they grifted a lot of money from the US government to produce rockets that are worse than what NASA could have delivered with the money.
The only “good” thing spaceX made is Starlink, which has about 12 million subscribers and brings in a revenue of 11 billion each year, with about 4 billion in profits. That’s nothing compared to big network companies.
Wow, no. Look at what nasa is producing with Artemis. Business as usual is $2B/launch, way over budget, and years behind schedule. There is no path to launch more than 1-2/year and they depend on reusing old components with very limited supply.
In contrast Falcon 9 cost nasa less than one Artemis launch has an unmatched record of reliability, drastically reduced launch costs, made reusability practical, and has earned its place launching 80% (by mass) of the world’s payload to orbit. Nothing matches its record
I don’t know why you’re being downvoted, but you’re right. SpaceX made a lot of advancements on its rockets and in lowering the price per launch.
This is objective. This isn’t sentimental or arguable.
Stock prices shouldn’t be volatile based on tweets lol
Why not?
(gestures at headline)
because people’s future (and even present) financial safety depends on it. the stock market is used for dead serious things, its not supposed to be a meme market.
Hopes and dreams are a good thing, that we should all have. I want to buy the claims Musk is selling: he seems to be the only one actually selling a future and I want hope and dreams for a better tomorrow. And he has delivered, even if not exactly what he said exactly when he said it.
I understand musk is not an engineer, I understand some of his founder credits might be exaggerated. But his ability to weave an inspired vision, willingness to pay for it, ability to inspire others toward it, does deserve a lot of credit for the growth and success of both Tesla and SpaceX.
Then his dark side came out into the open … and I still want the vision pushed by Tesla and SpaceX
I dont know. To me he is intelligent but he lacks empathy and kindness. He doesn’t care about people. He is that typical type of person that can figure shit out but you don’t want him running humanity, unless you like dystopia.
And yet that was one of the things I used to like - like an engineer he is able to talk in technical details, focus on minutiae, but lacks social skills. Perhaps a nod toward autism. As an engineer, that personality spoke to me.
It’s only after people started worshipping him that he hallucinated having social skills or really any talent outside speaking of technology. That’s one person who should have stayed in his shell.
He was always reputed to be hell to work for also, so it’s not like I ever was tempted toward that
Yeah I think that intelligence combined with autism means he will always work very hard, because he enjoys it. But he lacks self awareness and he doesn’t understand that technology is not what creates a better world. We used to think that before big tech. Now we see how horrible it becomes.
I want to buy the claims Musk is selling: he seems to be the only one actually selling a future and I want hope and dreams for a better tomorrow.
he is selling a future, but not nearly a good one.
when the musk future comes, don’t cry for how the reality ended up, but eat the shit with a smile on your face.
I will happily live in an era of electric vehicles, cheap and easy access to space and all the modern functionality that brings, affordable satellite connectivity. I will happily live in a world where even the buggest trucks can keep up speed while fully loaded iPhone, without polluting, without noise. I will happily choose a vehicle whose trip planning optimizes route and duration, automatically planning chargers as needed. I will happily live in a world where my vehicle, thermostat and home power storage can participate in a “virtual power plant” with intelligent time shifting
I hope you’ll also happily live in an era where the powers discriminate against you, and try to eradicate you. the only comforting thought you will have, is there is no going back.
- That’s true of all new vehicles, not specific to EVs
- I’m very interested in the Slate truck, which might be the only exception. I don’t want a pickup but I do want the lack of gadgets and surveillance they promise
- Or if you want to be argumentative, I claim to be the “in” group, the last to be discriminated against (except I’m from a blue state). Y’all can fight the battles
I’m very interested in the Slate truck, which might be the only exception. I don’t want a pickup but I do want the lack of gadgets and surveillance they promise
that is not the future that musk is selling
That drop is more than it’s worth.
xAI buried inside SpaceX wasn’t enough to make them uncomfortable?
It’s a fucking meme, for “tech bros”. Apart from anything else how can lose more than most stocks are worth, and still have a share value of more than many, even most, stocks?
It’s worse than that… what they IPO with is basically a tiny percentage of SpaceX composed solely of xAI
The entire stock market is basically 99.9% blind speculation and 0.1% basic math, which is why it rarely makes sense
The entire stock market is basically 99.9% blind speculation and 0.1% basic math
The US, England, and Japan are all returning to quantitative easing policy. So we’ve once again got too much money chasing too few investments. What a lot of naive investors see as a market bubble is recognized among the more savvy as a return to our ongoing policy of asset inflation.
A lot of what SpaceX is selling boils down to an access point to public spending - through sale of military hardware and equipment, network access to Starlink, and R&D funds allocated to the private sector. That’s what is really driving investment. It is, in effect, a play on the future of police and military spending.
Still wildly overvalued imho. But not “blind” speculation.
So we’ve once again got too much money chasing too few investments.
maybe it’s time to redistribute that too much money. lets free them from their burden.
Can’t do that. That’s Communism. Communism Killed 10 Trillion People.
That’s what I was referencing, I’m surprised the regulators and the exchange let that happen
You are surprised that the people doing this during Occupy Wall Street are allowing this?
Who is that
One of several people standing on a balcony overlooking an Occupy Wall Street protest in 2011. This woman specifically was at the time believed to be an employee of National Bank but I don’t know if they were ever identified individually.
It disturbs me that my first thought was “facial recognition exists now”.
This timeline is cursed
there are no rules anymore man… they just change them to rig the game in plain light… no ill consequences for the rich
It’s not even a surprise, this is from SpaceX s-1 document: only 7% of their estimated valuation is from Space related activities
Is “Enterprise Applications” like shooting datacenters into space, or copilot business edition?
I think the “Space-Enabled Solutions” part sounds more like designing satellites than the space-launch business.They bought Cursor for AI. Earlier this year cursor switched to pay per use model, so now every engineer is spending dozens to hundreds of AI Bucks. I don’t think Cursor is profitable on that yet, but I imagine xAI are looking to scale that model, both to turn Grok into something that earns an income, and to scale up to profit despite cost of datacenters/training.
I’m skeptical there is really a profitable market, but it might be the most grounded of his predictions. The technology exists, the business model is successful at a small scale, so they just need to scale
The technology exists, the business model is successful at a small scale, so they just need to scale
could you provide details on that?
You could probably research the company but from my direct experience
- Cursor is one of the stronger contenders for coding - bringing a variety of models to tools where coders are.
- Cursor switched to pay per use, significantly increasing costs and didn’t lose customers
- cursor charged more for higher end models and didn’t lose customers
- grok is not currently there, or at least not what I can see, so is a huge gap from an xAI perspective
- it seems good enough business model to business people to be worth a huge purchase
Once grok is added to Cursor, I will just have it, along with a variety of other models, and can simply choose it based on cost and effectiveness. It may even be chosen for me since I usually leave it in automatic, and my company is a paying customer where each engineer spends a budget
Also it’s more like a subscription. Software companies love a subscription model with regular income, rather than selling something you pay for once
The corporate governance arrangements (or lack thereof) should be enough to make any investor with two functioning brain cells stay well clear. But the stock market has lost all touch with reality long ago. The crash will be brutal. And small investors will hold the bag, as per standard procedure.
beautiful
Oh no anyway
They diluted the stock 3.4% in less than a week of trading 🤣. Invest with Musk at your own risk.
It was already stupidly diluted. Dumbest investment out there with only one way to go.
This is actually Elon Musk’s fault (that felt wrong to say), the company should never have been valued so highly anyway that was stupid. As far as I can tell Musk hasn’t actually done anything.
Former world’s first trillionaire
The other day I made a comment on the original IPO post saying that he isn’t a trillionaire because the IPO isn’t promising anything and got argued with about it.
Even Goldman Sachs was saying the IPO was ridiculous.
Everyone involved in this entire affair was an idiot. XAI has absolutely no product to speak of, where’s the valuation coming from?
But you have to understand, if we regulated these people, THEY WOULD LEAVE! then what would we do?
OH THE HUMANITY! WHAT WOULD WE DO WITHOUT THE BILLIONAIRES!!?!
Interestingly enough enough places in the world have attempted to tax billionaires that we do have some data. For the most part they don’t leave.
They can afford the tax anyway, and really the whole point of money, as far as their concerned, is to just throw it at people to solve problems for them. They don’t want to pay extra tax on principle because they don’t think other people should get their money, but they also don’t actually care enough to go to the effort to leaving.
Besides where would they go?
Are they shocked that Elon has no respect for their share holder opinion?
A reminder that every share he owns carries 10 votes to the 1 vote everyone else’s share has?
One should note that the stock is still up $50 per share up from its IPO price ($135 vs $185 or about 37%). Also the Cursor option was fully outlined before the IPO so it shouldn’t surprise anyone.
Not that I don’t think all of this is dumb, it’s just another hype / gambling stock without much substance led by Elon who got his Twitter buyout.
No crying in the casino
The only people that got in below 160 a share are insiders, space x employees and institutional investments. That’s why they did a day 1 rug pull when the stock reached 180. They made sure no matter what was gonna happen, they weren’t going to be the bag holders.
I got three shares at $158 just to see if I was fast enough. Sold it at ~200 a bit later because I’m too poor to hold the bag.
lol
nice. i love seeing fElon companies doing badly!
Down 6%.
The line wiggled a bit.
I think you mean PLUNGED or DECIMATED!
/s
Also I’m sick of these words in titles. As you said it’s barely a ripple overall.
TBi slams sensationalist headlines!
Art of the deal.
I hope every Nazi piece of shit with money in this ends up destitute as fuck.
They’re making an exception to put it into index funds more quickly than is ordinarily allowed, so a lot of normal people might end up holding it too…
That is a great point.
The SP500 refused to allow SpaceX in on an accelerated schedule, so its usually vetting process would still apply (12 months of public trading, positive earnings for a period of time, etc).
So right now, SP500 is one index fund that isn’t taking a risk on SpaceX, which I, in my tiny knowledge of stocks and finance, appreciate.
If you have a pension plan, you will have money in this, too.
Lucky for me, I fall into the ~40% of people too poor to have investments. But even if I did have money to invest, I wouldn’t fling it blindly where it could be going towards harming the planet.
I don’t think you’ve misunderstood what I’m trying to say.
People with an IRA don’t have control of what the fund is invested into. The fund itself is invested into funds that track the top 100. Therefore, anybody with a generic pension plan is invested into SpaceX, whether they like it or not.
No, I understand. I’m saying I give zero shits about those people taking losses. If you have excess, and you’re expecting to be given more because of your excess, you’re just as culpable in Nazi bullshit when your money ends up invested in it. I don’t care if it requires more personal attention, it’s possible to have your money invested where it will do good, not where it will gain you the largest return at the expense of the planet.
…you do realize that pensions and 401K’s are what companies replaced actually paying their retired workers a living wage with so that they both didn’t have to pay retirees and to forcibly inflate their own wealth with the wages of their workers, right?
If you work for a big enough company that they provide either of those two, a certain percentage of what you make every week is taken by the company and put into the stock market via index funds (like the NASDAQ, which nows invests your money into SpaceX) and sometimes their own stock without you ever having any say in the matter. It’s not “excess”, it’s wage theft.
If you’re investing in SpaceX directly, that’s one thing and you deserve what you’re going to get just like the people buying Teslas. But there’s very little difference between this and billionaire bailouts on your tax dollars.
Having a pension is excess?!
It is if you’re still a highschool kid who thinks 50$ is a lot of money.
