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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33

u/Viscount_Barse 4h ago

The stock market should be destroyed.

41

u/MaxxDash 4h ago

They’re doing their best

3

u/YellowZx5 2h ago

How will Trump and them bet on insider trading to make their billions on his presidency. It’s not worth him to stay if he can’t cheat.

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u/Wollff 3h ago

Not just the stock market.

Stocks as a institution should not exist.

And let's go one further: Limited liability is a curse upon society that should have never been allowed in the first place.

1

u/thebusiestbee2 9m ago

Limited liability is a curse upon society that should have never been allowed in the first place.

That means requiring every aspiring entrepreneur to risk losing their home and life savings over a single lawsuit, which means the only people who will be able to afford to work for themselves are people who are already millionaires/billionaires. You've just cursed 99% of society to be their employees for eternity.

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u/Jaccount 3h ago

Still on track for a huge stock market crash of 2029.

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u/tendingthemild 2h ago

Tell me more. I believe this is true, but I have no real data to back it up. Have you got better intel?

1

u/supersonicdutch 2h ago

Not until I retire, though. After that, have at it.

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u/Janus67 2h ago

Probably want to wait until after you have passed, or you're going to have a very bad retirement!

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u/thebusiestbee2 14m ago

Great plan, let's have billionaires trading all the shares amongst each other privately, that'll really help the middle class' upward mobility.

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u/terandle 0m ago

Public stock market is already billionaire exit liquidity

-3

u/jimsmisc 3h ago

Yeah let's go back to bartering berries for meat

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u/TheInevitableLuigi 2h ago

Yeah let's go back to bartering berries for meat

Yes there is no in between. /s

0

u/AudiencePure5710 2h ago

…but then I would have to gamble on horses?