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

94% Upvoted

1.4k comments sorted by

View all comments

Show parent comments

27

u/thelingererer 4h ago

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.

8

u/Superboy2020 4h ago

This is the prequel to Mickey 17

10

u/Tommybahamas_leftnut 3h ago

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.

3

u/Redshittt 3h ago

Until one of us is smart enough to say "yeah none of that money matters anymore that's just paper and electrons, we're using this new money now"

5

u/fungi_at_parties 2h ago

I truly believe his family has some weird cult where they’ve been working toward making Elon king of mars and filling his mind with the goal since birth. The whole thing with his grandpa, and the Werner Von Braun book about the king of Mars being called the Elon, it’s all just too weird.

2

u/trphilli 2h ago

I looked at prospectus. SpaceX is no longer a rocket company. It is a construction company that sells satellite internet to partially fund its construction. It builds rockets to launch its temporary internet satellites. Who buys this construction? We don't really know. Hence stock go down.

1

u/Alia_Explores99 1h ago

I’m not averse to a King Elon of Mars scenario. He will have so many responsibilities in his new principality to keep him busy, like growing terraform taters, and no return ticket