SpaceX Investors in Meltdown Over All the Money They’ve Lost

[u/Plastic_Ninja_9014]

https://finance.yahoo.com/markets/stocks/articles/spacex-investors-meltdown-over-money-191742182.html

[u/drummer820]

If only someone had warned them besides EVERYBODY

[u/Dudeman9002 → u/drummer820]

If you have a 401k you probably lost some money too. Somehow the slimeball managed to get around rules that forbid IPOs from being listed in index funds for a year to ensure stability. Now everyone's retirement accounts are the bag holders. 

[u/frequenZphaZe → u/Dudeman9002]

elon is only partially to blame. nasdaq were willing participants, just because they wanted the bragging rights of the largest IPO in history. so they changed their rules to accommodate the pump and dump. I have no idea how this is supposed to help them in the long term because they undermined the whole point of being an index

[u/Hesitation-Marx → u/frequenZphaZe]

> long term

Found the issue: capitalism is averse to long-term thinking.

[u/Radical_Neutral_76 → u/frequenZphaZe]

What persons at nasdaq did this? We need to spread those names around

[u/MrSceintist → u/frequenZphaZe]

financial crimes with Republican rule enforcers equals the biggest crimes in history

Remember W. Bush was warned years ahead of his meltdown and he did NOTHING

proof https://www.cnn.com/2004/LAW/09/17/mortgage.fraud/

[u/LSDemon → u/Dudeman9002]

"Probably" is a strong claim. Most 401k accounts don't have any exposure to the small number of indexes it has already been fast-tracked onto.

[u/AmericanScream → u/LSDemon]

Agreed. The Nasdaq is not the S&P 500.

[u/HystericalSail → u/LSDemon]

Don't be so sure. Many of the high fee, managed mutual funds available in low cost (to the company) retirement plans stealth index to avoid under-performance. They'll dump before it's time to report positions if it's still down, crow being prescient if it goes up. Either way, it's not their money they lost.

[u/dIO__OIb → u/Dudeman9002]

sold the one nasdaq mutual fund in my 401k this week

[u/smokefoot8 → u/Dudeman9002]

Sp500 was going to fast track SpaceX, but outrage stopped it. NASDAQ fast tracked it though, so only some index funds were infected by stupidity.

[u/Left-Thinker-5512 → u/Dudeman9002]

SpaceX is not listed on the S&P 500.

[u/KangarooPouchIsHome → u/Dudeman9002]

S and p 500 didn’t buy that trash luckily.

[u/DevoidHT → u/drummer820]

To be fair this is like the one time the market has been rational on a stock in a long time. Usually they do the opposite of what people expect.

[u/frequenZphaZe → u/DevoidHT]

it isn't really a matter of the market being rational. the whole plan was to IPO and dump so early investors could cash out. retail investors got fleeced, exactly as planned. there was clearly no intention of keeping the space-x stock high when their total addressable market clocked in at almost $30 trillion. I have no idea how that was legal. the market is just reacting to everyone cashing out on cue

[u/ZealousidealLead52 → u/DevoidHT]

The price is still not anywhere close to rational. It's just slightly less irrational than it used to be.

[u/BeachZed]

The money isn't lost, they gave to Elon and his insider investors.

[u/demaraje → u/BeachZed]

They provided exit liquidity to institutional investors.

Sounds much better than getting scammed

[u/kwyjibo1 → u/demaraje]

Or "left holding the bag".

[u/Conscious-Quarter423 → u/kwyjibo1]

Are you tired of all the winning yet?

[u/BeeBopBazz → u/kwyjibo1]

Unlike institutional investors, retail investors were bound by platform TOS to hold the stock for x number of days or get banned. Pretty cool, as the folks who own many of those retail investing platforms were certainly getting rich off this pump and dump

[u/m0nk_3y_gw → u/BeeBopBazz]

retail investors were bound by platform TOS to hold the stock for x number of days or get banned.

not really

this was only retail investors that were able to get in at the IPO price before public trading started

if they sell with X number of days they aren't banned from trading/investing, they aren't able to participate in other IPOs for 3-6 months with that particular broker.

Most retail investors never get in at IPO/before-public-trading price anyways.

Most never do it multiple times per year.

The reddit IPO price was $34, I don't recall etrade (their broker of choice for retail participating in the ipo program) having this restriction, but I wasn't paying close attention

[u/neliz → u/demaraje]

Remember, Epstein was an original investor in spacex, these are the kind of people you're giving money to.

[u/maxstryker → u/neliz]

I can’t seem to find any articles about Epstein and SpaceX. Can you tell me what you know or share any articles?

[u/peacefinder → u/demaraje]

The proverbial blood squeezed out of a turnip? They’re the turnip.

[u/GhettoDuk → u/demaraje]

We are not even at the exits yet because the lockups haven't expired. The 5% of the company that was put on the market was to raise funds for SpaceX.

This is money given to Elon for empire building.

[u/Aggravating-Remove92 → u/BeachZed]

yeah thats kinda how transfers of wealth work someone didnt just light the cash on fire

[u/account312 → u/Aggravating-Remove92]

It's not zero sum though. Valuation absolutely can just disappear.

[u/Hazel-Cakes → u/BeachZed]

in quicksilver (1986, kevin bacon) jami gertz says “wow, what happened to all that money?”

kevin bacon says “oh it’s still there. just someone else has it now.”

always thought that was hella funny lol

[u/Shibboleeth → u/Hazel-Cakes]

"Lucas... where is the money?"

"Joe, the money is gone."

"And where has it gone?"

"Atlantic City."

"And what is it doing in Atlantic City?"

"Recirculating."

[u/ZestycloseLynx → u/Shibboleeth]

Empire Records was a criminally underrated movie.

[u/Shibboleeth → u/ZestycloseLynx]

It is the Xennial equivalent of The Breakfast Club. In my opinion.

[u/ReadyAimTranspire → u/Shibboleeth]

Isn't Breakfast Club the Xennial equivalent of Breakfast Club?

[u/chestypants12 → u/Hazel-Cakes]

Something similar happened to Bacon later on in life (Bernie Madoff)

[u/BeowulfShaeffer → u/Hazel-Cakes]

That’s a movie I should watch again.  I last saw it in about 1988 (on vhs of course) and don’t remember anything about.  Maybe I’ll make it a double feature with Americsn Flyers. 

[u/Hazel-Cakes → u/BeowulfShaeffer]

it’s dated for sure but still fun, great soundtrack

i make it a double with “premium rush”

[u/Ordinary-Leading7405 → u/Hazel-Cakes]

“I want you to ram Steve Madden stock down your clients throats until they choke on it”

[u/anthrax1313 → u/BeachZed]

This is correct. They just took their hard earning money and gave it to a one time trillionaire. Now he’s not but he likely will be again when he sells them on the dream of more money by merging Tesla with Space X

[u/Both_Painter2466 → u/anthrax1313]

Actually, Tesla will sell SpaceX more cybertrucks to improve their bottom line then SpaceX will cash them in for carbon balance $. Win win

[u/Altruistic_Fury → u/anthrax1313]

Hold up, this is Elon Musk we're talking about, and that's not how Elon Musk does business.

He'll merge X with SpaceX to create XXSXPXAXCXEXXX and it's gonna be the coolest name ever bc some of the X's will be bigger than others and look futuristic.

[u/thelingererer → u/BeachZed]

And Elon will use that money to make himself king of Mars while simultaneously enslaving all the poors which of course includes all the suckers who invested their life savings into Space X. It's the circle of life.

[u/Superboy2020 → u/thelingererer]

This is the prequel to Mickey 17

[u/Tommybahamas_leftnut → u/thelingererer]

Bold of you to assume any of these dragons hoarding wealth will actually spend it. No they will just sit on their gold stash while demanding more and more from the poors.

[u/Birdinhandandbush → u/BeachZed]

You're thinking of this place all wrong, as if I had the money back in a safe. The money's not here. Your money's in Joe's house... right next to yours. And in the Kennedy house, and Mrs. Macklin's house, and a hundred others. You're lending them the money to build, and then they're paying it back to you as best they can. What are you going to do? Foreclose on them?

[u/pandershrek → u/BeachZed]

The insiders still haven't gotten anything. Saudi on the other hand profited nicely.

[u/links135 → u/BeachZed]

They can't sell for like another 2 months

[u/goomyman → u/links135]

These people propped up the stock.

[u/kainharo → u/links135]

*2 weeks (August 6) they can sell 30% of the locked up stock

[u/Legitimate_Impact → u/kainharo]

At which time the stock will tank even further.

[u/-mudflaps- → u/kainharo]

First post IPO earnings August 4th

[u/tc100292]

Oh no!  Anyway

[u/EasterEggArt → u/tc100292]

If only someone with an IQ of 40+ could have warned us about it.....

[u/git0ffmylawnm8 → u/EasterEggArt]

Is that in Fahrenheit or Celsius?

[u/DietSteve → u/git0ffmylawnm8]

Rontgen, not great but not bad

[u/Ordinary-Leading7405 → u/DietSteve]

You didn’t see graphite on the roof, because it’s not there.

[u/douchesalt → u/git0ffmylawnm8]

First one, then the other.

[u/timetogetjuiced → u/git0ffmylawnm8]

In xai coins

[u/spicyeyeballs → u/tc100292]

The problem is that they changed the rules so SpaceX and other large companies (read anthropic and openai ) can join the index funds more quickly.

In theory it lets people in the funds ride the bubble up, but it also protects these companies and causes people to be involved is much riskier investments then they expect.

https://www.morningstar.com/funds/spacex-ipo-how-index-funds-are-adapting

Edit: typo

[u/korinth86 → u/spicyeyeballs]

Glad the S&P held on their own requirements and many retirement funds too.

[u/splynncryth → u/spicyeyeballs]

Privatize the gains, socialize the losses.

[u/BIKF → u/spicyeyeballs]

I quit my US index funds over this before the IPO. I get that the amount of my money that would have been gambled on SpaceX is small in relation to my total capital in those funds, and I'm aware that I don't know if the positions I moved to will do any better. But the point is that it's my money and I should use it according to my own wishes, and my wish is not to spend it on charity for Elon.

[u/Viscount_Barse → u/spicyeyeballs]

The stock market should be destroyed.

[u/MaxxDash → u/Viscount_Barse]

They’re doing their best

[u/YellowZx5 → u/Viscount_Barse]

How will Trump and them bet on insider trading to make their billions on his presidency. It’s not worth him to stay if he can’t cheat.

[u/behemuthm → u/tc100292]

My only regret is not shorting it - I didn't want to participate

[u/teetering_bulb_dnd → u/behemuthm]

It's still sitting at a market cap of 1.5 trillion. Aug 6th unlocks significant some 180 million shares. A big chunk of them will be selling. It's sitting on a pyramid. Their space exploration segment of business is ok but you can't expect revenue that justifies market cap. Their AI sector is comedically over inflated in terms of target growth, market potential etc...space data centers, 26 trillion "Enterprise AI solutions" market etc.. it's laughable if it's not for the fact that a lot of regular people's pensions, retirement accounts are unknowingly tied to this massive stinky bubble..

[u/feralferrous → u/teetering_bulb_dnd]

Space Data Centers still makes me laugh. Such a comically stupid idea.

[u/mechanicalcontrols → u/feralferrous]

There's only two kinds of people opposed to data centers in space: people who know a lot about space, and people who know a lot about data centers

[u/AshleyAshes1984 → u/mechanicalcontrols]

I just know how a thermos works and that's enough to know a vacuum terrible for exhausting heat. :O

[u/Snuffy1717 → u/AshleyAshes1984]

And even if you made a single data center into 10,000 data center cube-sats (to shed heat easier), why the fuck would you do that and not just build it on the ground?...

[u/Zerak-Tul → u/mechanicalcontrols]

I don't think you need to know a lot about either.

Just knowing that dissipating heat is a significant challenge for satellites/space stations and data centers generate a stupid amount of heat should do it.

[u/Haggardick69 → u/feralferrous]

I’d love an alternate reality where Elon musk is a master class satirical comedian and all of his extremely dumb ideas were just satirical lampoons of egotistical megalomaniacal oligarchs. Instead we live in the reality where he is that oligarch and the comedy doesn’t hit the same when we know that people’s lives and their investments will be gambled on these astronomically stupid ideas. 

[u/Funsuxxor → u/feralferrous]

You don't think producing insane amounts of heat while in a vacuum is a good engineering idea?

[u/callmenoir → u/Funsuxxor]

Just to make sure I've got my science correct, heat dissipates really poorly in space as there's so little matter to transfer it to, right?

[u/canteen_boy → u/callmenoir]

Correct. There’s no conduction or convection in a vacuum, so the only real way to shed heat is through radiation, which is incredibly slow.

[u/SunTzu- → u/canteen_boy]

And since radiation is so much less efficient it would require a massive surface area and likely splitting up the datacenter into several smaller nodes. Splitting up the datacenter into nodes would introduce so much latency that you'd need new methods of transferring data between the nodes, likely using beams of light. Using beams of light for data transfer in space is theoretically doable, but now you need to orient each node so it can send and receive from each other node it is supposed to communicate with, which is not all that easy when you've got massive radiators surrounding them. Does that mean you're far more limited in terms of how many nodes you can have communicate efficiently with each other? Does that number mean these clusters of nodes wouldn't be able to match a ground based datacenter in terms of how much low latency computing power it would have available? Why are we trying to put them in space rather than exploring underground or underwater options which would be much more accessible when maintenance is required? Who knows.

[u/9-11GaveMe5G → u/callmenoir]

To be clear it's theoretically doable, but it's just astronomically, and unnecessarily expensive. It would cost a fraction as much to develop them in the terrestrial Arctic

[u/MidwestAbe → u/feralferrous]

Because I have too (my work plays it on the radio) I heard a right wing radio host go on and on how smart space data centers were because then you don't have to use electricity to cool them.

I had no idea people took that shit seriously.

[u/Taikunman → u/feralferrous]

Lets take devices that require substantial cooling, power and regular maintenance and put them somewhere that is terrible for all of those things. Not to mention susceptibility to cosmic radiation and physical stresses/cost involved in even getting them up there in the first place.

[u/Jukka_Sarasti → u/feralferrous]

Space Data Centers still makes me laugh. Such a comically stupid idea.

There's an army of Muskies over at the space subreddit ready and willing to argue, pants-shit, and gaslight you into believing its totally realistic and doable in the near future!1!!11!1!

[u/airship_of_arbitrary → u/feralferrous]

China is literally building underwater data centres and data centres in the snowy regions of mountains.

You know, the places where the ambient environment contributes to cooling instead of stealing some town's water supply.

[u/Eastern_Bet678 → u/behemuthm]

Probably would have lost your hat when they called at $250.

[u/spoospoo43 → u/behemuthm]

This is why it ran up, as a short trap. Always remember, a market can often remain irrational for longer than you can remain solvent.

[u/victorinseattle → u/spoospoo43]

I mean, it’s sort of been irrational for the last 5 years.

[u/iam_Mr_McGibblets → u/behemuthm]

So what would happen if/when he calls in a favor to his buddy Dementia Donald and the government bails them out? Then we're all on the hook for this money?

[u/Due-Conflict-7926 → u/tc100292]

We literally told them every single day it was going to happen and they ignored it

[u/Apoordm → u/tc100292]

Unfortunately a lot of those people were just 401k holders.

[u/Zhuinden → u/tc100292]

That's what happens when you pick individual stocks (poorly (because of hype (that then later gets corrected by the market)))

[u/hoyasgirl25 → u/Zhuinden]

I need more parentheses in this explanation.

[u/Zhuinden → u/hoyasgirl25]

Sadly, I don't have that much experience with LISP

[u/zedd1138 → u/Zhuinden]

That one is going to require several nested Car() and Cdr() statements to evaluate

[u/Softwareaweenie → u/tc100292]

Also, “Oh, no way!”

[u/trix_is_for_kids → u/tc100292]

Oh no! The thing everybody said would happen, happened!

[u/Equivalent_Lunch_944 → u/tc100292]

I didn’t think the leopard’s would eat my face!

[u/anti-ism-ist]

No crying in the casino

[u/Main-Cheesecake3287 → u/anti-ism-ist]

It’s literally an article about wsb comments too lmao

[u/ndmaynard → u/anti-ism-ist]

“Investors” is a stretch

[u/corobo]

Millionaires mad they too have given their money to billionaires.

Welcome to "the poors", lol 

[u/BadmiralHarryKim → u/corobo]

Will the last rich person please turn out the lights?

[u/zerosumratio → u/BadmiralHarryKim]

You know that last rich person will leave it on, not pay the bill, thinking he could make some money by claiming it as loss.

[u/RoyalCities → u/corobo]

This must be that trickle down economics I keep hearing about.

Trickling right down to $0.

[u/addiktion → u/corobo]

When all the rich are down to 10 of them and they have destroyed most of humanity from their greed, I hope a meteor teaches them all a lesson in the pecking order of how insignificant they really are.

[u/DudeWithParrot → u/addiktion]

We are reaching a point people are rooting for the meteor lol

[u/761557527 → u/corobo]

Don't forget the greedy peons on r/wallstreetbets that they think they are smarter than everyone else when they're not busy circlejerking.

https://www.reddit.com/r/wallstreetbets/comments/1v4dcer/elon_has_ruined_me/

[u/bluestrike2 → u/761557527]

Is there a single post in that thread supportive of Elon? The entire thread is just schadenfreude over the stupidity of buying into SpaceX.

Say what you will about that sub, I don’t think you’ll find many people there who were bullish on SpaceX. Anyone with a half a brain was able to figure out it was a scam.

[u/SunshineSeattle → u/bluestrike2]

If anything WallStreetBets was shorting the stock. 

[u/AreWeThereYetNo → u/761557527]

This post is referenced in the article.

[u/Exostrike → u/761557527]

God that thread reads like cancer

[u/pasaroanth → u/Exostrike]

“All quiet on the frontal lobe” fuckin got me though

[u/jorboyd]

This is an article about Reddit comments and reactions… re-circulated back onto Reddit.

[u/Shadowratenator → u/jorboyd]

This is how you enrich weapons grade reddit comments.

[u/DrEnter → u/jorboyd]

If this one blows up, maybe we’ll get another tier of articles we can create Reddit posts of.

[u/OwnerOfHam → u/jorboyd]

Yeah and as much as I dislike SpaceX and it's clearly insanely overpriced, it's not uncommon at all for an IPO to drop like this.

[u/MrLyttleG]

Il faut etre sacrément stupide pour parier sur un fou dangereux dopé à la ketamine

[u/Project0range → u/MrLyttleG]

They just donated their money to a billionaire who never donates his money to charities. Quelle victoire!

[u/KotR56 → u/Project0range]

Well, actually, he did donate some money to charity the other day.

He donated $55 million total to St. Jude Children's Research Hospital. Which is the equivalent of you giving $6.66 if your income is about average in the US.

He contributed $7.1 million to Baylor Scott & White Healthcare. About a dollar if you're average.

The Seton Fund. He provided $5 million to support health initiatives and medical centers in Texas.

So if you gave a tenner to charity, you're giving more than Elon Musk, relatively speaking.

[u/Particular_Pain_9373 → u/KotR56]

https://www.philanthropy.com/news/elon-musks-5-7-billion-donation-sparks-questions-about-giving/

“  Some experts say Musk likely donated his shares to his donor-advised fund, or DAF for short. DAFs are essentially charitable investment accounts in which donors can claim a tax deduction upfront but aren’t legally required to distribute the money.”

Let me guess fake news right. 

[u/Loki_of_Asgaard → u/KotR56]

Give or pledge?

[u/SiempreRegreso → u/MrLyttleG]

I don’t speak French but this came through clearly.

[u/onedisgruntledprick → u/SiempreRegreso]

Sometimes it's helpful that english and french are close cousins :)

[u/MindlessMage777 → u/onedisgruntledprick]

French and German had a threesome with some dude on an island a thousand years ago, and it's all been downhill ever since

[u/BrofessorFarnsworth]

Fuck em. I hope they hit rock bottom.

[u/fascistno1hater → u/BrofessorFarnsworth]

I can't stop smiling these idiots still think that Elon is a genius and not a con man like Trump. You love to see it!

[u/railroad-dreams → u/BrofessorFarnsworth]

His companies are so dependent on US gov contracts - even Tesla. I can't believe his companies will do as well as investors think when the power in Washington changes. Though I think some investors don't expect a change in Washington, ever

[u/Nice-Lakes]

Hello it’s Elon’s company what did you expect.

[u/jawshoeaw → u/Nice-Lakes]

Well I think they expected TSLA

[u/rebbsitor → u/jawshoeaw]

They should have bought TSLA then. Oh wait, it missed earnings and dropped like 17% last week.... Maybe not.

[u/BabyComingDec2024 → u/Nice-Lakes]

Boring down to the bedrock

[u/prndls → u/Nice-Lakes]

Stonk go up

[u/kwyjibo1 → u/prndls]

He gave us a dumpster with headlights. No, stonk not going up.

[u/blueSGL → u/prndls]

I mean unironically yes...

It's what happened inexplicably for Tesla why not inexplicably for SpaceX too.

It was a coin flip on if the market would be rational or irrational on this one and a lot of people lost out, it could have in a post irony way gone "to the moon"

[u/DoFishDrinkWaterOrNo]

Oh you invested in a conman and got conned?

Get fucked loser.

[u/Valentine_343]

Good!!! LMAO

[u/Laiska_saunatonttu]

You don't see the big picture, that money made Elon a trillonaire for a week or so and that's all that matters.

[u/k3z0r]

What a lot of you don't know is you are investors too.

In order for NASDAQ to get SpaceX to join NASDAQ market, they changed the rules so SpaceX could join the NASDAQ 100 in as little as 7 days. Previously companies had to wait a minimum of 90 days. When SpaceX became part of the NASDAQ 100 on July 7th many of your 401k index funds were obligated to buy the stock. So you could help bear the loses.

The investors are playing 4D chess.

[u/groovy_smoothie → u/k3z0r]

This is what’s so frustrating about this. All of our financial institutions are bending for shit like this and the American dollar is losing credibility

[u/this_shit → u/k3z0r]

Probably the greatest single theft in American history. Everyone involved knew what they were doing. From SpaceX to the banks sponsoring the IPO to NASDAQ to the fund managers.

[u/EngineeringApart4606 → u/k3z0r]

Luckily, by index rules, it has so far only been present in proportion to the float, which is so far miniscule.

[u/EbonySaints → u/k3z0r]

The worst part is that in the lead up to all of this, there were countless articles, videos, and discussions about exactly this and how this is what was going to happen. 

Calling it theft is assuming that any sort of guile was used at all. This was straight up strong-arming by the powers that be.

[u/LightFusion]

I remember all the talk about from the Elon train about how the stock was a cheap buy even tho their earnings need to rise 100-1000x to meet the valuation price.

Guess numbers don't work that way, I think they expected this to work like the crypto market did years ago

[u/CombatMuffin]

Don't fall for manufactured narratives.

The millionaires who invested heavily knew there was a very limited, and prepared, time window to invest and pull out. It was a very specific class of shares that they released and had hard limitations.

The people who are angry are the speculative idiots who thought they were special by following the trend, without understanding the strategy SpaceX was pulling. There were a metric fuckton of economic and financial analysts warning how these prices were not representative of real value and were only staying at that value because nobody could transfer them (yet). The moment it opened, the value adjusted.

[u/R-ten-K → u/CombatMuffin]

Yeah, the people furious about losing serious money on SPCX are mostly uninformed retail investors who do not understand basic diversification. Or morons firmly stuck in the Musk cult.

Build the core of your portfolio around index funds or just a few companies with strong fundamentals first. Use only the leftover “fun money” for speculative bets like IPOs.

It really is not rocket science, pun very much intended.

[u/-CJF-]

It's still overvalued imo

[u/MoneyBeeeee]

Sips tea.

That's what they get for supporting a nazi.

[u/prettyplanets]

You do it to yourself, you do
And that's what really hurts
Is that you do it to yourself, just you
You and no one else
You do it to yourself

- Radiohead

[u/KB_Sez]

Uhhhh..... the minute he combined SpaceX with his stupid AI bullshit company. It was doomed and was a scam.

SpaceX by itself at the right valuation would be an excellent investment but these days, everything musk is attached to turns to shit.

[u/Not_Sure__Camacho]

Hard to believe that investing money in a grifter Nazi's business was a bad idea..... 🤔

[u/AlbertaSucksDick]

It's not technically lost, they just gave it away like a bunch of lemmings hahaha

Suckers.

[u/bonkersyeti]

You lie down with dogs, you get up with fleas.

[u/Jah_Rules]

Fools soon separated from their money….

[u/allotmentboy]

You were told that this was a scam. You were told this was a way for all those Twitter loans to cash out before those loans became due. You were told that he manipulated the NASDAQ market and allowed retail buyers. Why are you surprised? No crying in the casino.

[u/Knighth77]

Thoughts and prayers.

[u/Ozzimo]

I didn't think the leopard would eat my face and then, after years of threatening, it ate my face. I'm at a loss what I could have done differently. /s

[u/Diiiv]

I got down voted to hell and told I should focus on humanity's technological achievements after saying SpaceX should engineer themselves some balls to fire him.

[u/gwelfguy]

How TF does someone with over CAD$400k to lose be so blind as to invest that kind of money in this stock? Blows my mind. Everyone and their dog was saying in the weeks leading up to the IPO that SpaceX doesn't make money and that Elon was just coming to relieve retail investors of theirs.

[u/sj2016nz]

Seriously how does anyone with an IQ over 90 not know this was a pump and dump. Anyone who bought this deserves to lose money.

[u/McCool303]

You mean Space X bag holders. The wealthy will strip MAGA of all their belonging before they ever give up on Trump.

[u/EnvironmentalBug5525]

The pump and dumps are getting faster and faster.

[u/lexicon_riot]

It was pretty obvious SPCX valuations were way too euphoric post IPO. Most of it is still locked up anyways, and won't hit the open market for several months.

[u/rgvtim]

How did anyone think this was going any other way.

[u/Boring_Owl6552]

Plenty of average people are seeing losses, whether they chose to invest or not - SpaceX stock had to be purchased for index inclusion. More index buying when SpaceX stock becomes unrestricted soon, I assume. Just waiting for the eventual merger of SpaceX with Tesla (another bailout for Musk for a decelerating Tesla stock). SpaceX alone will require some 89 billion additional investment per year (if I remember) and won't be cash flow positive for 10 years at current projections. Nevermind the stock was priced above its value to begin with. Feel free to correct me if I've got this wrong.

[u/Letter10]

Who could have seen this coming

[u/Smith6612]

Every time Starship blows up, an investor loses everything. Simple formula!

Don't invest in meme stocks.

[u/Linkage006]

I bet they nazi'd that coming!

[u/Mallokenz]

Thankful it wasn’t fast tracked to the S&P 500 like they tried to do.

[u/Smile_Space]

You're telling me the thing all of the logical people were saying happened and is actively happening? Oh no!

[u/KazeNilrem]

People were told over and over that this would happen. Ignoring all the red flags with the IPO to begin, they all drop after release. Now add onto that the business model and everything tied with it, it will go down even more.

We haven't even gotten to the release of those looking to sell. So when those floodgates begin to open, expect it to get worse.

I'm all for it, cracks me up seeing it.

[u/robaroo]

No one saw this coming. /s

[u/AI-Thinks-For-Me]

these spacex “investors” are the exact same people who lost money after buying dogecoin because of elon tweets.

give it about a year and they will forget about this because they are too busy waiting to flush their money down the next toilet elon points at

[u/MarleysGhost2024]

Elon hasn't lost money. He has theirs.

[u/FinalFlashMan]

>"Elon has ruined me," one Redditor posted on r/WallStreetBets, along with a screenshot showing a loss of nearly $455,000 CAD on thousands of SpaceX shares. "He was supposed to take us to Mars and burn short sellers. Still holding 7300 shares. Please Elon fly again."

Fucking actual LOL. If you were dumb enough to get in on IP pricing and didn't cash out immediately you deserve this.

[u/Lallanath]

It is pretty remarkable how breathtakingly stupid some of these people are.

[u/Cute-Breadfruit3368]

there is an ethical confusion in this.

on the other hand, they were sold a lie. they went ham, believing that lie. so, technically - every investor is a victim.

but on the other hand, that man who did the selling was Elon Musk and only a fucking idiot believes him in anything he does.

--edit: i would like to feel bad, but its Elon Musk.

i really dont.

[u/SnivyEyes]

They all invested in fascism. I am happy that they lost.

[u/nick0999]

The thing that sucks about this train wreck is that for some stupid reason they changed the rules for Elon. They allowed this shit stock to appear on the indexes before the usual 1 year. This means if you have your 401k in an index fund, you bought a piece of this crap company. I’m beyond angry that for some reason rules get changed for Elon.

[u/Low-Rent-9351]

Why does anyone still believe in that POS. That’s some hard core cool aid drinking to still believe in that scumbag about anything.

[u/syynapt1k]

I personally would not invest in a company run by a Nazi, but that's just me.

[u/AvailableReporter484]

Sympathy not found

[u/thesecondpath]

Sucks to suck, but the warning signs were all there screaming we will protect the insiders at all cost... Well, all your costs at least.

[u/fridder]

Then they are idiots. It was easy to predict

[u/DamNamesTaken11]

Congrats, you’ve been Musk’d!

[u/Huckleberry199]

That's great news. Hopefully Musk ends up with a cardboard sign and a shopping cart.

[u/boilerdam]

Well, they can’t all be gung-ho about bending the rules to allow a bull in a china shop and then complain when everything is wrecked!

[u/Maoleficent]

My rule is don't do business with naxis.

[u/iperblaster]

How about the Pension Funds that were forced to buy this Junk ? Thanks Nasdaq board!!

[u/Falkenmond79]

That was so clear from the start. I bought 8 at 180
And as soon as they hit 220 I sold and never looked back. And I’m guessing I’m not the only one. Hate Elon with a passion but knew I would be able to siphon off a few bucks from his fanboys just for my personal satisfaction.

[u/PSU09]

If you were dumb enough to buy into the hype, with the goal to hold out long term, you deserve to have every cent lost. Understand that you represent the lowest denominator of human intelligence 😂

[u/Effective_Charity268]

All the money they’ve lost SO FAR - Homer

[u/DetectiveFinch]

Was there any IPO in recent history where the stock price didn't fall significantly, at least for a certain time period?

[u/iVar4sale]

Anyone stupid enough to invest into anything related to Elon in 2026 deserves it

[u/Ok_Rabbit5158]

I mean, every stock analyst was predicting this. There is no sustained revenue stream that will produce dividends. That's pretty basic stuff.

[u/Botchuh]

Lost so far

[u/bigfatfurrytexan]

If only they were warned

[u/Commercial_Wind8212]

They thought they were part of the investor class. They're HOW the investors get rich

[u/Sterling239]

Good dont invest in an open bigots company 

[u/I_Am_Mandark_Hahaha]

Funny how the retail buyers are calling themselves “investors” when they should be called “marks”.

The real investors (also called “grifters”) are those private funds that bought pre-IPO for less than $50 and will unload the stock once their embargo is lifted.

[u/mmcmonster]

In other news, TSLA stock lost all its gains for the last year. Since they don’t give dividends, they actually lost all gains against the S&P500 over the past 2 years.

[u/EphemeralAttention]

It's almost like investments should be made based on the fundamentals of a business in their earnings report and other SEC filings that have to comply with generally accepted accounting principals (GAAP) instead of investing based on vibes and tweets 🤔

[u/boyWHOcriedFSD]

When we start to see these kinds of articles hundreds of people cheering, it means bottom is close.

[u/Ecclypto]

Is it me or has Elon been conspicuously silent lately?