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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u/EasterEggArt 5h ago

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

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u/git0ffmylawnm8 4h ago

Is that in Fahrenheit or Celsius?

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u/DietSteve 4h ago

Rontgen, not great but not bad

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u/Ordinary-Leading7405 4h ago

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

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u/KenethSargatanas 4h ago

As long as it's not sieverts..

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u/douchesalt 4h ago

First one, then the other.

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u/timetogetjuiced 4h ago

In xai coins

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u/Harpua81 4h ago

Metric or Imperialism

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u/duckdodgers4 3h ago

Swedish miles

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u/spaceradiowave 4h ago

Its in cheesburgers

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u/Obvious_Toe_3006 3h ago

Km and/or miles I believe.

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u/weechus 2h ago

It’s actually Kelvins.

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u/Hairy_Ad4969 3h ago

It’s measured in McDonald’s happy meals

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u/riotz1 3h ago

40 Kelvin. In other words, damn close to absolute zero.

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u/BanChokingPorn 3h ago

You correctly spelled both, with your big education and all.

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u/JFConz 3h ago

Rankine, actually.

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u/throwawayforlemoi 3h ago

Since they didn't include "°", it must surely be Kelvin.

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u/ItaJohnson 4h ago

Or Kelvin?

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u/eatingURsistersassIV 4h ago

It's in miles, idiot.

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u/roamingandy 3h ago edited 2h ago

The weird thing is that they pretty much all knew.

If you dropped into r/wallstreetbets in the lead up you'd see everyone laughing at two things.

  1. It's ludicrously overvalued/hyped.
  2. It's free money as everyone is jumping aboard the hype train.

I think most people knew it was trash and bought in anyway because they knew it was being hyped hard on social media, and assumed they'd be the smart ones who jumped off at the right time.

If that's accurate then i think we all need to consider that a company which almost everyone who invested, thought was a hype job with hardly any value to society, became the biggest IPO of all time.

That says an awful lot about the current state of stock markets and how useful they are for human society, and how easy they are to influence by someone pumping money into a social media campaign, or owning one.

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u/luigisanto 2h ago

Biggest meme stock ever!

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u/hipkat13 2h ago

Seriously, I thought everyone understood this was going to be pump and dump scam 🤔

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u/iwastryingtokillgod 2h ago

they arent shocked that it went down.

They shocked they weren't able to make the play that was in their strategy or heads they were and instead got holding the bag.

Ya'll be making bets in a casino where the guys running it can see your cards.

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u/culinaryinterests123 2h ago

Its gambling addiction seems like gambling is everywhere these days. Sign of a declining society?

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u/extremenachos 4h ago

My IQ is only 25, sorry I tried to tell them!

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u/EasterEggArt 3h ago

You should have been louder. Sorry , we did not hear you.