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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
Just imagine how many problems 600bn USD would solve. Instead, it’s just fake virtual currency flowing through the hands of a few billionaires
xAI buried inside SpaceX wasn’t enough to make them uncomfortable?
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
It’s not even a surprise, this is from SpaceX s-1 document: only 7% of their estimated valuation is from Space related activities
Once again, wealth trickles up to the billionaires.
Capitalism! Gotta love it, or not.
I got my stupid 111€ profit from the stupid shares after selling it off.
Hope it dies in a fire.Every 5 years or so, I get an $80US residuals check from my uncle’s estate. Hey, it’s a couple bottles of decent wine.
Initial price was $135. Then it climbed to $210ish. Now $185.
Pretty regular stuff for a new IPO meme stock. Don’t go on the ride if you don’t like the speed.
There is literally nothing but hope behind the valuation. Same as Tesla. Just dreams and hopes.
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 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 biggest trucks can keep up speed while fully loaded
iPhoneuphill, 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 shiftingI 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
The valuation of the stock is based on Musk doing what he’s always done, which is making seemingly impossible promises sometime in the future.
You know what he promised by 2025? A fleet of driverless Tesla taxis. xAI producing the first AGI. A human being on Mars planting a flag.
You know what the evaluation of SpaceX is based on? The promise of a Mars colony with one million human inhabitants, and space-based data centers. It’s going to be decades before it’s worth the IPO, if ever.
In the meantime SpaceX is in debt 20 billion, and is bleeding money. It lost $4.94 billion in 2025.
So it looks to me like a private equity project. Like Toys 'R Us or Radio Shack or Claire’s. Remember those?
And Nasdaq-100 is fast-tracking SpaceX into its portfolio after 15 days. Soon, pension funds and 401(k)s are going to feature SpaceX stocks. So when it does implode, a lot of worker-class folk are going to eat the loss.
You know who I bet will not be eating the loss? Trillionaire Elon Musk.
Elon musk also made seemingly impossible promises for Tesla and their stock price, and he exceeded them.
What technology promise did he make that he kept?
His promise of self-driving cars turned into a huge pile of accidents, especially since he insisted (still insists) that autopilot operate on a single sensor. Waymo uses five.
It’s not like his companies did nothing. Getting his launch vehicles to land safely, vertically, was way cool, but a small step on the way to space colonies or space tourism.
He promised to get teslas share price and sales figures etc to a seemingly impossible level, and he exceeded it which is why he was then due his gigantic pay packet that the courts then ridiculously blocked. You guys are doing the same thing to SpaceX as you did for Tesla, and the results will be the same - you’ll look foolish.
FSD on Teslas is insane. It’s demonstrably safer than real drivers. It doesn’t use a single sensor, it uses a single type of sensor, which has proven to be more than good enough.
Calling reusable self landing rockets a “small step” is beyond a joke. It’s probably the single biggest innovation in space travel since space travel has been a thing.
Tesla FSD is not safer than real drivers. All robotaxis are level 4 at most, so it’s an “apples vs oranges” thing. It’s like saying trains are safer than real drivers. By all accounts, the Tesla robotaxis are the worst that exist, and they’re barely being used where they’ve been rolled out.
I will give credit that Tesla forced other car manufacturers to innovate, but they’re outclassed in every way now.
FSD is a better driver than most people.
For all his false promises: https://elonmusk.today/
Looks like the webmaster (do people still use that word?) is asleep at the wheel there.
Last update 266 days ago.
Jesus Christ thank you for reminding me to confirm I keep his shit as far away from my pension as possible. Thankfully I’m in Canada so I feel there’s a hope
Narrator: He was wrong.
My favorite part about data centers in space is it may actually be impossible from a physics standpoint to build the heat radiators large enough for even a small one. Even though space is cold and would seem to make sense, it is also a destructive vacuum and to radiate even a small amount of heat outside of a shielded core would take a huge array of radiators
No, it’s totally possible. Not with any technology we’ve ever built, maybe not with any technology we can build, but physics doesn’t preclude it outright.
Your point still stands though. It’s a promise that’s impossible to meet within the lifetime of the investors.
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.
Sure would be nice to have some food, affordable housing, and healthcare…
Get out of here, fracking lazy SOCIALIST!! 😡
Y’all just need to pull yourself up by the bootstraps
They keep going around trying to make the world a better place. Awful hateful people.
Right??! Frack them!!
