When I go under space x, I usually don’t do it on my knees but coyote know and he ramage the main. Stream focus comes down to the recathent driver. We accelerate the fook outta that. Grammar doesn’t know what’s under were hrinkled foot. Takes a minutesm more god says? Always never good enough but alws7s the sins of man come bouring in. Makes it recathencize. You know how it goes
Good grace dude, have someone call 112 you’re having a stroke
God damn righr, I am stroking it to the great Gatsby right now. Good shit. Love them glasses.
Maybe just high? In which case they probably shouldn’t have access to a “broadcast my thoughts to the world” device.
Good :D
That’s a weird way of saying a stock started at $135 and is now at $181 a week later, but some people bought it when it was higher than that for a few days.
I mean seriously? I want spacx to fail super hard and musk to get completely dumped on, but this amount of volatility is completely typical when well known companies start an IPO. It sucks it’s like 35% higher than the initial offering price.
This company can NEVER take the financial trajectory they planned for it. Their revenue is dogshit, and when the AI part of the company goes down the drain, even Musk wont be able to salvage the wreckage.
Don’t worry. We all get to prop up this failing stock in the next few days, when the Indexes start getting forcibly loaded up with Elmo’s latest meme stock. Then the disease will just be endemic in our portfolios.
I don’t own any ai effected tech stock, but I know my entire portfolio will go down when the ai bubble bursts. Sucks. Not sure if I’ll try and sell off and buy the dip back in, or just ride it out, yet.
The good news is that all of the SpaceX top valuation won’t actually drag all of our Collective portfolios if it were to collapse, it will sting a bit but all of us invested in, say, VTI and VOO, can absorb that much stupid.
I wonder what happens if there’s a handful of companies immediately behind it they look just like it though. Thankfully S&P 500 has said that they will not index SpaceX until they actually earn it through profitability.
I own a tremendous amount of AI affected tech stocks relative to the rest of my portfolio, and I’m trying to divest but doing so bleeds me through additional capital gains taxes for my state, which I wholeheartedly believe should exist as long as the billionaires have to pay them, too. It’s just a difficult calculation for how much risk I want to wear versus how much capital gains I want to incur to make my way towards the exits to put my money in more boring things.
We all get to prop up this failing stock in the next few days, when the Indexes start getting forcibly loaded up
Indexes won’t start buying into these stocks for a few more months. And they aren’t forced to buy. They set their own policies, they answer to their own boards, and they can absolutely choose to avoid this stock if they choose.
I would say the bigger threat is SPCX stock undergoing the same manipulation and price-pumping we saw happen with Tesla. When the SEC is fully castrated, the Feds have already acknowledged SpaceX is “Too Big To Fail”, and the big banks all have oodles of shares leveraged to the hilt, there’s a vested interest across the board in this stock going up up up forever.
Then the disease will just be endemic in our portfolios.
The disease is the stock market as a whole. Asset inflation creates malinvestment. The fixation on economic growth means we’ll immolate useful capital in the name of the Big Number Going Up. And disproportionate ownership stakes cause property to congeal into fewer and fewer hands with every generation.
Our portfolios aren’t at risk, because our porfolios are less and less important to the final valuation of these markets. This is six big companies sucking each other off in an ouroboros of graft and fraud. If the markets went to zero tomorrow, we’d be far better off over the long run than if this post-COVID bull run never ends.
So the pump dumped?
Wow. Such surprise. /s
Boo hoo my shares in a company owned by a fascist and with absolutely awful revenue in comparison to it’s valuation are losing value just as expected
cry me a river
“my shares in a company owned by a fascist” - At face value, this says you’re a fascist.
Sorry for forgoing the /s tag, i thought the “Boo hoo” and “cry me a river” were enough mate
Oh I’m not talking about your entire post and opinion, I was just amused by that particular part of it. I don’t actually quite understand or agree with the rest of your post but that’s fine.
All of this.
*its. You wanted “its”. It’s means “it is”.
I know, but thanks anyway.
It’s up 35% from its starting IPO pricing…
it opened at 171 that’s not 35%
It most certainly did not. The IPO was $135.
It’s like suuuuper easy to look up. Literally any search you want for spacx ipo or any stock trading site. $135
You’re retarded. 135 was for people who bought through their brokerage who will get banned from trading with them if they sell right away. Opening price was 171
You ignorant fuck. It was $135 for the offer price, was about $150 around 10 am on open market (Friday), and closed the day out at around $161. Everyone who bought on or before Friday is up. Then the extra chad toads knocked it to over $220 after market close Monday night a few days later and it’s been drizzling down to the $181 it sits at now.
The $135 was was the pre open market but nothing like what you’re talking about. It was open to anyone across a bunch of different brokerage firms. You could have been any regular schmuck on even Robinhood and bought shares at $135 if you requested them. No exclusives only. Also “you can’t sell it as soon as you want or you’ll get banned by your brokerage” all depends on your brokerage. Some like Charles Schwab don’t give a fuck. others may not let you flip early or you get a 30 to 60 day ban from buying other early allocation shares of new stocks. I don’t think anyone bans you from trading through their brokerage if you flipped a stock.
lmao I literally watched the stock go live why are you even commenting on shit you don’t know, it wasn’t even trading at 10am on Friday.
You’re full of shit, man. The best part is that anyone in here who thinks you might not be can do a simple search for the info to see that you’re full of shit.
“When did spcx start trading?”
“What was the initial price for spcx?”
“What was the price of spcx after it’s first trade day?”
“When could you get shares of spcx at $135?”
You’re either a troll or an idiot. Probably both.
How did I buy at 150 at the open market then?
by being a braindead nazi investor.
stfu anarkiddie
I mean, is it really an IPO if it isn’t insanely overpriced when initially offered?
Yeah, I would say it’s quite usual to see a big dip right from the start. It’s just hamsters for whom buying Space X is their first trade don’t know about that
Initially no, they’re designed to be under so that it surges after ipo, that makes it look good performance.
Wouldn’t they rather it not surge too much though, since in this case, thats billions that was left on the table.
I think it’s done so that the price goes up and benefits all the long term share holders.
Well this one’s designed to slip quickly into index funds and forced buying, so it makes sense to be high.
The IPO was $135. Right now the price is at $181
This is normal for an IPO look at the history of ASTS or RKLB they very similar to SPCX and have a lot of volatility.
I’ve made a lot of money on both. But I refuse to invest in companies owned by fascist pricks who has gleefully killed people and has boasted about it.
That was the entire point of the IPO wasn’t it? Funnel money to Elon and his friends and leave the rest of the (less connected) idiot investors holding the bag? Anyone who didn’t own before it could sell wasn’t one of the in-crowd that was supposed to be handed money. If you did buy, you weren’t buying based on any business fundamentals and should have known to sell as soon as any gain could be realized which would have been hours or even minutes after buying.
Someone more knowledgeable than me please correct me if I’m wrong but I don’t think any of the original private investors have been capable of selling anything and I don’t think they will be able to for another 30 or 60 days.
And IMO, I think Elon is thoroughly convinced that he will have another Tesla stock situation on his hand, where it generally keeps going up unreasonably for many many years.
There’s a lockup period ya. I heard they reduced the duration though, but it’s typically 6 months.
Anyone who bought at $135 the money went into SpaceX’s balance sheet.
For now, anyone buying after the $135 is buying from people who bought those $135 shares.
Mark Cuban is famous for having zero cost collared his shares that he couldn’t sell and getting out of the dotcom bubble with his money since it protected him from the downside that happened, so maybe it’s possible they’ve done that here as well?
Gonna be funny when every rocket lauch failure tanks the stock, they should have stayed private lmfao
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I think people might see that sometimes, but not understand why, because they just see a starship blows up headlines and don’t understand what is happening as it’s a test program (for now), and the headlines / stories don’t convey that.
So when things explode, sometimes it’s fine, and the stock might go up because a lot of really important things still were tested, some for the first time, and they went well.
Other times, things will explode and it can cause huge delays, and while they learn something, it’s still ‘bad’ compared to the above blow ups, and the stock will very likely go down when these ones happen.
And then sometimes, something goes wrong on the test pad and you blow it up, and that is very bad. It’s a test pad, its meant for that, but it causes huuuuuge delays.
But OP is right, they brought this new chaos upon themselves by going public. They really shouldn’t have done it yet.
stayed private, and never merged with xAI/Twitter
What a facade this “corporation” shit is. So the “stake holders” had literally the #1 space company in the world and agreed to merge it with two failing products in their own respective niches?
Pretty much yep. Elon has a controlling interest in SpaceX so I think that was just his outright decision, unless he had to abstain and let the investors decide? I’m not sure if he had a controlling stake in xAI.
Edit: You also left off ‘overvalued’ when referring to xAI/Twitter. I think SpaceX honestly could have grown into it’s individual valuation pre-merger.
So they’re…. in profit.
Gotta try find a way to make space X sound bad, right?
lol … psychopaths and sociopaths with a never ending thirst for profit are surprised that infinite growth no matter how much you want to believe in it can not sustain itself are surprised when their money can’t magically grow any more.
Great now we can write smug articles about how much Elon “lost” next week.
What do you mean by “the average buyer.” Wouldn’t all buyers currently be in the same exact position?
Those who have the most shares (the private buyers, execs, c-suite, boardmembers, DJT n Fam) purchased well before IPO.
The “average buyer” are the retail big box store brokers who sold off those early shares to your name brand brokers so morons on WSB and Robinhood could claim to be astronaut investors.
I’m probably wrong about something so don’t fact check me.
No that’s pretty much it. Big institutional investors already were invested privately before. A handful of smaller institutions usually get priority at special rates unaffected by the initial fluctuations.
The big bold number that gets blasted by the media are what the everyday person has access to. And they’re always the first to get fucked, as designed.
Wall Street’s motto is: Privatize the profits, socialize the losses. Everything follows that.
This guy gets it.
I’ve read that there are masses that are now shorting the stock too, and they’re making money on the dip. Those wouldn’t be your average buyer. Although idk if any of that is considered in that statement from the author.
Wow, who could have seen that coming?
Omg. How?? Nobody foresaw this
