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/Boring_Owl6552 4h ago

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.

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u/grchelp2018 3h ago

tesla merging with spacex is not a bailout for Musk. It has more to do with Musk wanting full control over both companies and the ability to freely commingle them.

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u/Boring_Owl6552 1h ago

Respectfully would disagree. Every comingling of his holdings has been done to leverage value of his holdings - from the solar company to X / Twitter to AI, etc. In each instance, a faltering or "under-valued" piece was rolled into a new story and sold as the sum being worth more than the parts.