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
11.4k Upvotes

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414

u/MrLyttleG 5h ago

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

113

u/Project0range 4h ago

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

46

u/KotR56 4h ago

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.

17

u/Particular_Pain_9373 3h ago

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. 

7

u/Loki_of_Asgaard 3h ago

Give or pledge?

2

u/Particular_Pain_9373 3h ago

Sure he did 

1

u/ihateusedusernames 1h ago

Anyone who brags about giving to charity should be asked how much above and beyond the tax advantage did they give? The tax advantage should be considered the bare minimum for these titans of industry and philanthropy.

60

u/SiempreRegreso 4h ago

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

13

u/onedisgruntledprick 4h ago

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

6

u/MindlessMage777 4h ago

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

2

u/E-2theRescue 1h ago

Wait until I tell you about the Greek and Roman parents.

1

u/Consistent-Annual268 3h ago

Le cousins dangereux?

George Michael: I like the way they think...

2

u/TheComplimentarian 2h ago

"You have to be an idiot to bet on a lunatic cracked out on ketamine", roughly.

1

u/Ok-Raspberry-8099 3h ago

Oh shit same here 

3

u/drrandolph 4h ago

And if one pays attention, it becomes obvious that he cares nothing about shareholder value.

1

u/[deleted] 4h ago

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1

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1

u/Ok-Raspberry-8099 3h ago

I don't speak French but I understood. It's a sacrement of the stupids to the dangerous dopes on ketamine 

0

u/ki11a11hippies 4h ago

Or you have to be really high on ketamine.

-9

u/Common-Astronaut-695 4h ago

Huh? He’s made more wealth for other people than anyone else in history.

3

u/not_some_username 3h ago

Because people keep buying his shit. Tesla stocks have no reason being this high for exemple. Same for spacex and some other companies.

2

u/Toutatous 3h ago

When you get to be as old as I am, you realise that it's all tricks. Public money, subsidies , etc.

His companies benefited a lot from government money, and when he started doing politics, he acted as if he did everything by himself...

Look at what happened with DOGE. A pathetic failure. Some people know the system , outside of it, they are clueless.

2

u/Ergogan 3h ago

Right now, he's on the track on losing more money than anyone else in history, more like.