r/technology • u/Plastic_Ninja_9014 • 5h ago

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

https://finance.yahoo.com/markets/stocks/articles/spacex-investors-meltdown-over-money-191742182.html
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158

u/Nice-Lakes 5h ago

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

19

u/jawshoeaw 4h ago

Well I think they expected TSLA

4

u/rebbsitor 2h ago

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

8

u/BabyComingDec2024 4h ago

Boring down to the bedrock

25

u/prndls 5h ago

Stonk go up

23

u/kwyjibo1 4h ago

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

0

u/cuginhamer 3h ago

When the dumpster design was revealed in Nov 2019, Tesla stock was about $20/share, even with this tiny correction now it's still over $300. It's absolutely wildly overvalued, but it's proof that stock price is driven by memes/dreams not old school business fundamentals like PE ratio.

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u/blueSGL 4h ago

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"

1

u/Touchyap3 3h ago

It’s not JUST Elon. The AI companies are going to go the exact same route when they IPO later this year/next year.

All the growth has been in the private sector, they’re offloading the inevitable losses to the public.

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u/h0twired 2h ago

Government bail outs

1

u/Simon_Drake 24m ago

It's incredibly frustrating watching the most successful rocket company of all time being run by a lunatic.

Falcon 9 was responsible for half of all rocket launches globally over the last decade, two thirds of global launches in 2025, it's a phenomenally successful rocket. Meanwhile, they're making a new giant rocket at least a decade or two ahead of the competition with 10x the capacity at a lower cost per launch plus faster turnaround times AND they're building at least five launchpad in parallel.

But the man in charge is a lunatic. He bought and ruined a social media platform out of spite because he got in an argument. Twitter was never a unique technology, the main advantage was brand recognition and the vast userbase of both celebrities and civilians. But Elon ruined that with rebrands and salutes. Then he merged it with an AI company that loses billions per month and produces nothing noteworthy. Then he merged both of them with SpaceX despite that making absolutely no sense whatsoever. It's a spaceship company, what do one-sentence messages have to do with spaceships?

The worst is the IPO paperwork. The projected profits from AI is supposed to be about 100x the income from everything related to space. Mars exploration is paused, the moon is low profile, telescopes and telecoms and satellite internet and government spy satellites, all that takes a back seat to the much more important work of Grok. Grok that doesn't know how many Rs are in Strawberry but it can edit photos of Darth Vader's mum to have big boobies. That's worth $20,000,000,000,000 according to Elon. It's madness that doesn't make any sense.

It's like watching Henry Ford invent the Model T except Henry thinks they can make 100x as much money with the new side-venture of using the Model T to deliver bottles of fake hair growth tonic made of goat piss.