Good. Maybe one day the investors will see this idiot for what he is: a greedy racist fascist. And stop investing in his bullshit.
They don‘t care about the racist fascist part but he‘s also a massive fraud who build his empire on short legged lies. It‘s simply irresponsible to believe that guy.
They won’t do that. They’re also greedy racist fascists. That’s what capitalism is.
I don’t know how anyone fell for this pump and dump scheme in the first place.
Fanboys
Man before Elon was a public figure it was so easy to fanboy. Reusable rockets is an insane feet of human engineering. At least now we have some competition in the space.
I know that it was the talented engineers at SpaceX doing that engineering and huge publicity subsidies, but it felt like a step forward.
Why can’t Elon just leave SpaceX alone.
i monitor my father investing habits to make sure he doesn’t fall for shit like this, their have been a few times iv been worried to say the least…
I do :(. I’m also worried about which of my 401ks bought in to it too
That’s the most outrageous part. The most obviously fraudulent company was given fast track to s&p 500 (although I just read that decision was overturned) just reeks of corruption.
It was NASDAQ100 that let SpaceX in. S&P 500 stayed true to their rules which includes waiting at least 1 year after IPO to include it in the portfolio
I mean you choose your investments for your 401(k). Maybe it is time to learn about which funds you’re invested in and make sure they’re appropriate for your time horizon and risk tolerance.
I’m not even American and even I know that the level of corruption involved in the SpaceX IPO means that even people who want nothing to do with SpaceX had their investments tied up in SpaceX.
Hey you condescending asshole, they literally changed the rules to allow this into the indexes.
Not condescending at all. You can look up the holdings of a mutual fund and choose one that excludes it if you like. If your employer doesn’t offer any funds that don’t include it, find like minded colleagues and push for an investment that fits your needs.
401(k) is managed by the employer and you can only pick from the funds they have selected. That really doesn’t leave much choice for most people.
That’s why people should consider doing a rollover into IRA anytime they have a job change and not just rollover into the new employer’s 401(k).
It’s not like it’s stocks. It’s index funds and you can get a list of the funds offered. I don’t think I’ve ever seen an index fund that included SpaceX
Broad-market funds like the Vanguard Total Stock Market ETF (VTI) and the iShares Core S&P Total U.S. Stock Market ETF (ITOT) include SpaceX.
SpaceX was added to the Nasdaq-100, meaning funds that track it, such as the Invesco QQQ ETF, hold the stock.
Benchmarks like the Russell 1000 also hold SpaceX, automatically populating funds like the iShares Russell 1000 ETF (IWB)
It’s unfortunately bigger than just the suckers being suckered. These things also get pumped a lot by “early investors”, whose strategy is to get the stock immediately and sell quickly to take adventage of the initial surge. They increase the demand a lot and contribute to that surge.
Oops!
Data centers in space are frankly a ridiculous idea. Can’t believe so many wanted in on the IPO. They have cool tech, but nothing that would warrant such a high evaluation for now and the foreseeable future.
Full self driving datacenters in space
Oh no, look out ISS!
*SMASH*
With a hyperloop link between them
You see the internet is like a bunch of tubes
New low is going to become a common phrase for space x. Boldly going where no stock has gone before.
I assure you, many stocks have gone much much lower. It’s called “penny stocks”. They’re exactly what they sound like. They’re mostly used as pump and dump schemes. Company is worth $0.01 per stock? Buy $10,000 dollars worth. Then, when it eventually becomes worth $0.02, you sell, and make an easy $10,000. Repeat every few days.
Put the two sentences together. Then realize it’s also a joke.
Hopefully the stock needs a Boring Machine.
It’s fun to laugh at the worst people taking Ls, until one realises that the insiders got to sell up early, leaving retail investors holding the bag, and that these involve not just eminently punchable Musk-idolising incel chuds or even FOXNews grandpas but ordinary working stiffs with pension funds and savings. Chances are everything went exactly to plan and even as Musk lost his very brief trillionaire status, he managed to cash out a lot of his virtual wealth.
No, thats just not true. At IPO date there were already many critical voices about the stock being way overvalued for what they charge at IPO. “Insiders” means there was info that was withheld or the public didn’t know about. Anyone who bought this stock at IPO asking price was just foolish enough to buy into the hype.
There’s a reason things like consumer protection agencies should exist. Most are too stupid and easily taken advantage of. You cannot run a society like that well. SpaceX already raised their funds and the bag holders are regular people. That is bad for society even if we may like to point and laugh at the morons.
The planet is too fucked for me to care about dumb people’s money.
The majority of people who have bought SpaceX stock are now down at LEAST 18% in value.
I bought a dollar of it just to track it and now it’s worth $.80
Seeing musk fail makes me giddy. Seeing people who dumped and lost their money on him makes me giddier. FAFO
Unfortunately, a lot of people didn’t have a choice in the matter.
?
Your money in savings and insurance and superannuation funds is often reinvested in shit like this.
It’s worth dropping yours an email and asking whether they do or not…
Mine is invested in the UK with a focus towards sustainability and green energy, so I am safe. Plus I don’t really care much if it doesn’t go negative. Just want to pay off my mortgage and then stop working much.
Mine is also in a nominally ethical fund, but they still invest in e.g. nvidia. Not sure about spaceX though
The 401k that americans use also automatically invested in it if they didnt opt out iirc
There isn’t a single 401k that Americans use. 401k is an index fund, an investment vehicle. I’m sure many included SpaceX but plenty did not.
And as an individual you can’t really “opt out” of individual stocks in the fund. You could roll all of your investment into a different fund that doesn’t include the stock you don’t want, but I don’t know of any broker that allows people to pick and choose which stocks they want to use in their 401k. You give them money, they manage the fund, that’s how it goes.
A lot of Americans voted for this clown, remember? And most of those voters were fine when DOGE destroyed the lives of many. Now it‘s their turn to pay up. Let this be a lesson for Americans. Subscribing into an ideology of selfishness and hatred comes at a cost for society.
And a lot of Americans didn’t vote for this clown, remember? Those are still being punished with this bullshit.
Shorting the stock and making money on your own when Musk fails
(This is not financial advice. In fact it’s very dangerous as Musks companies often perform irrationally)
(This is not financial advice. In fact it’s very dangerous as Musk’s companies stocks are manipulated and rigged manually)
ftfy
good, we knew it was bloat but it was still aonnying af listening to people got “wow a trillionire”, fucking wealth glazer are garbage people 9/10 times.
9/10 times
This leaves a room for the assumed 10% non-garbarge billionaire-stans, and I’m wondering what set of traits would such a person have, other than being an absolute boot-sucking loser.
The irony is that Musk himself has already cashed out enormous wealth over the years: Whether the stock jumps or drops today barely changes his position. The people really feeling the pain are the retail investors who treated him like an infallible genius instead of managing their own risk.
…so far!
How does one short a stock? Like what is the process? Do I need a special broker?
If you think the whole stock market looks like a bubble right now, you could invest in commodities and wait for the crash indefinitely.
IMHO it’s better to not trust the stock market at all. It’s a big club and we ain’t in it.
Shorting a stock is a bad plan. You typically need collateral (cash, or a line of credit, or something) in case the short goes bad. Shorting a stock can have a theoretically infinite loss since if you buy a share of a company and it goes bankrupt, your maximum loss is the value of the share. Short selling means you’ve sold a share you don’t own with a pinky swear that you’ll buy one back to replace it. A stock likely won’t, but could, go infinitely high. In that case you’d have infinite losses.
The other way is options trading. You can do this with your normal broker, possibly. You’ll need to make statements about your income level, savings, risk tolerance, and check a box saying you’ve read some mandated documentation. The process can seem like click-through stuff for a normal website, but it’s absolving the brokerage of fault if your decisions go bad.
Options work a little like an insurance contract. If you are worried that you’re too heavily tilted towards a certain company (but still believe in the investment), you can buy “puts” that help mitigate the risk if the underlying security. A “call” is a contract that lets you hedge the other way. They let you get exposure to a security without having to purchase the shares. An options contract is a contract that gives you the right, but not the obligation to buy (call) or sell (put) some number (typically 100) of an underlying security by a certain date. Selling options naked is a topic better left for someone else to explain all the risks involved (and I covered a strategy that has infinite risk).
A call pays off if the stock shoots up before the contract expires, and a put pays off if the stock tanks. To do what you’re saying you’d have to buy puts (I’m not an investment advisor, I’m not your investment advisor, this is not investment advice). If it sounds like gambling that’s because it is. Everybody already had the idea to bet against SPCX. There are platforms out there that let you look and see without having to risk money, and that’s probably the best course of action.
I picked the date September 18, 2026 at random. If you had a September 18 130P, then it went up 21.19% Friday, kudos. The “last price” field is PER SHARE, and the contract was probably for 100 shares, so that’s $2030, meaning you had four figures on the line there. If none of that makes sense, if the activity in the volume field doesn’t make sense, then it’s better to sit it out. In that realm you’re swapping your money for that contract, and someone else is swapping that contract for your (now their) money. If the contract expires out of the money, you lose.
Some resources:
Thank you for the detailed analysis. I really want to… but the rational side of me says I shouldn’t 😆.
I’ve seen a few news stories through the years where I thought the stock movement was out of whack with the underlying security, and options are a way to “bet” on that being right. It’s cheap and easy to just watch. Almost every time I was wrong and only found out a few times why. That probably just means I’m bad at it.
A few more things to remember. If you look at the first link at the bottom of my post, there are ways to structure buying/selling the calls/puts so that you can have a strategy that pays off if the stock goes up, down, or stays the same. How to set those up and the math involved is beyond me. The other thing is that for every trade with options someone makes there’s an entity on the other side of it. You might be buying a part of the leg of someone else’s more complex trade where a big investment house is trying to manage their risk and keep it below a certain level.
https://www.cnn.com/2020/06/19/business/robinhood-suicide-alex-kearns/
Stay smart and safe, invest money you can afford to lose in products you understand.
This is just gambling with extra steps. Thanks for the analysis and your time to write all that up, though.
There have been suicides from people who didn’t really understand how shorting works.
You have 3 options. 2 are options. You can buy a put contract. You can sell a call contract, or you can just sell shares you don’t own. All of these require special permissions from your broken as they each come with their own fun risk profile.
It’s going to keep dropping as original owners sell. I’m thinking it drops to 80 until it holds and sky rockets over the next few years
Why would it go up? In the next few years they will be even more years behind on the Mars mission they were going to be launching almost a decade ago at this point.
