sanitation@lemmy.today to Technology@lemmy.worldEnglish · 28 days agoSpaceX Stock Plunge Wipes Out $600 Billion After Cursor Deal Spooks Investorswww.forbes.comexternal-linkmessage-square35linkfedilinkarrow-up12arrow-down10cross-posted to: [email protected]
arrow-up12arrow-down1external-linkSpaceX Stock Plunge Wipes Out $600 Billion After Cursor Deal Spooks Investorswww.forbes.comsanitation@lemmy.today to Technology@lemmy.worldEnglish · 28 days agomessage-square35linkfedilinkcross-posted to: [email protected]
minus-squareJhex@lemmy.worldlinkfedilinkEnglisharrow-up0·28 days agoIt’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
minus-squareBastingChemina@slrpnk.netlinkfedilinkEnglisharrow-up1·28 days agoIt’s not even a surprise, this is from SpaceX s-1 document: only 7% of their estimated valuation is from Space related activities
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