Shares of SpaceX declined by more than 6% to just under $179 as of Thursday afternoon, extending Wednesday’s decline of nearly 5% and a 20% dive since hitting a high above $225 on Tuesday.
That marks a roughly $620 billion reduction in SpaceX’s market value since its Tuesday peak, lowering to $2.37 trillion from about $2.99 trillion, when SpaceX ranked the world’s fourth-largest company ahead of Amazon and Microsoft (it now ranks seventh, behind No. 6 TSMC at $2.38 trillion).
SpaceX on Tuesday disclosed it would acquire Cursor for $60 billion in stock, representing roughly 3.4% dilution—meaning investor stakes will represent a smaller percentage of the company—of SpaceX’s $1.77 trillion IPO valuation.
Morningstar analysts lowered its fair value estimate for SpaceX to $62 from $63, citing a “sizable dilution” of SpaceX shares following the Cursor deal, noting a best-case scenario would price shares at $169 should its AI revenue improve.
It’s a cooling from the record-setting demand since its debut: Investors purchased $369.8 million in SpaceX shares over its first three sessions, accounting for more than quadruple the funds poured into Nvidia ($88.2 million) over the same period, according to a Vanda Research note on Wednesday.
Option trading for SpaceX also debuted on Tuesday, allowing investors to bet against the stock, and Susquehanna analyst Chris Murphy wrote in a note that there was a 15% chance the stock would lose half its value over the next three months because of option trades.
In terms of mechanics, there are highly exposed insiders that need to cover their positions without a major tax hit. The big money will do this gently through hedging rather than dumping shares. I can't speak to that analyst's model, but the release is staggered so that there's feedback from the market, which would make it difficult to predict.
Man the parasite stock trading layer of society is crap. "Let's not produce anything and just extract money from the valuation of companies that actually produce something.
SpaceX has saved the government a lot of money with Falcon 9. They sell services the government needs at lower cost and higher quality than other suppliers like Boeing and Lockheed Martin.
Trading on a professional level is just risk warehousing and management. You take risk of owning the stock (company bankrupting or price dropping) and if you are right you get paid risk premium.
If you want to blame someone for unhinged company valuations like Tesla trading at bajilion to one P/E go talk to CEOs, CFOs and people like Kathy Wood. Have you see SpaceX prospect or their governance structure?
Way it's set up Elon could merge Tesla into SpaceX and then take all the money and spend it on blow and hookers and board wouldn't be able to even think of stopping him.
Price of any individual instrument is an abstract unimportant number from a trading perspective. The only valid question is "If I bought are there more people willing to buy at that price"
Key words are leverage and private credit. Musky Elmo and other bozos are shitting their panties over public debt. That's not really that much of a problem. Public debt is actually pretty well controlled thing in most countries.
Real problems come from leverage, private debt and predictable, often passive, flows.
When Elmo was trying to pump TSLA share price people bought a shit ton of TSLA calls to gamble on that and ... that pumps TSLA stock. And since TSLA has momentum other strategies buy it ... and it moves up driving valuation.
But it's not real. If Elon attempted to sell meaningful share of his stock he'd drive the price way down.
The problem is that private credit and leverage enables him to circumvent that. Rather than selling stock get more capital via collateral get more leverage on that and keep on pumping his "artificial" buying power.
That's essentially leverage on top of artificial valuation. Which works great until something along the way blows out. That was 2008 in a nutshell, valuations of MBOs were fake but because of ratings investors were leveraged past the point of insanity.
So when defaults came ... the system imploded.
My personal take is simple. Law should prevent shit like that. Elon shouldn't be allowed to use more than X amount of stock as collateral. If you want the money you can't have the power.
That is central problem. Either you have massive "fake" wealth, keep the power over the company but eat dirt or share the power, get the dollars and eat cake.
Nobody should be allowed to do both.
But Americans love rich people 😉more than freedom or justice or fairness. So it what is is
>Man the parasite stock trading layer of society is crap.
Almost everyone is reliant on investments to fund their retirements. You don't invest?
I honestly don't get this kind of attitude. What's your vision for how society should work with respect to capital? Honestly I'm curious at this point.
Do you have a job? Do you pay taxes? Do you not save for retirement?
Well yes this is why they raised $75B in capital to invest in building stuff. I mean what company can you name that's building more physical infra right now than SpaceX?
The market gave SpaceX $85 billion to fund AI infrastructure. The value of that to society is certainly debatable, but the market is working as designed.
>SpaceX on Tuesday disclosed it would acquire Cursor for $60 billion in stock, representing roughly 3.4% dilution
An $85.0 billion influx of funding sustained the stock valuation, and then a small fraction of the equities was utilized to completely acquire Cursor via an all-stock transaction, with the implied deal valuation reaching as high as $60.0 billion. No cash payment was involved; the consideration was entirely completed through new shares issued by SpaceX.
Is this what you call building artificial intelligence infrastructure?
SpaceX is renting out their datacenters to Anthropic because they don't have anything to do with them. Buying Cursor is an attempt at improving their vertical integration. SpaceX legitimately built the datacenter infrastructure, the thing is that it's actually less profitable to build infrastructure than to make software like Cursor. SpaceX wants to do both because that's going to mean more profits than renting out datacenters to other profitable AI companies.
Yet, it works, over and over and over, until we, the US, have a competent, non-grift-oriented administration. Still waiting for the Mars colony, or that Tesla to drive from LA to NY autonomously... Also, I was told their robot would be doing every household chore by now...
100% there is a shitton of money to be made off Musk in either direction... but people need to understand the "stock" is the product, not anything they might make. It's just a financial 3-card monte game...
So the price dipped by 20% in a couple days and you're bragging about making money on it? Remind me about it in a month. You can gloat about all the money you made to me if you're right.
It will go down, I bought a few shares for the long haul not to make money in the short term.
I only spent 1k, in 30 years that may be a few thousand or it may be 300k.
Who knows by I didn't spend much so I'm not worried.
On the other hand, Intel spent 30 years gaining no real value and now it's up quite a bit, no one REALLY knows
Seems extremely unlikely. If it is, it will be due to elon's financial engineering and narrative building skills, absolutely not due to any product or service sold by the company other than its stock.
so the biggest factor being inflation means that we'll have more than 150-200% inflation in 5 years? that's over a 30% annual rate of inflation.
that's absolutely hyperinflation, but regardless i don't think the math makes sense here unless you're predicting that the trump admin does something extremely stupid in the next 2 years.
spooky stuff that there are so many people On This Forum that don't understand that inflative value isn't gonna help their investments be worth more when a loaf of bread might cost $1K in a few years lol
Investing in real things like companies and real estate is the way to protect your value as the government spends the dollar into oblivion.
It would be better if they didn't do that though.
real estate, ohhh definitely. companies nowadays, I'm not so sure anymore.
would be nice if "the government" didn't spend so much money on suicidal military missions, making the White House look like a trailer park and overvaluing some guy's memestock
Dammit, you've triggered a memory of a brother telling me I need to invest in this thing he found with his new employer. So I dumped in that $1K and tucked it into my retirement fund and forgot about it.
A couple years later, "Hey Brother, how's that investment?"
I'm aware of that too, lol. You can't say the things "fairly priced" and brag about making money on it if you're making money on it by the price going down. You're literally betting it's worth less than the current price in that case.
Wouldn’t that be true in either direction? If you’re betting it’s going to go up, you’re also making a bet that it’s not “fairly priced” (whatever that means).
There are more complicated options strategies where you are buying/selling both sides of options around a certain stock where that would be considered neutral.
But a simple call or put will either be bullish (stock goes up to make money) or bearish (stock goes down to make money) over a certain time.
My point was that someone who is bearish and someone who is bullish both have similar views on the fairness of pricing, just with opposing directionality.
The big 7 are basically like crypto or any other pyramid scheme at this point. Nobody is making any money other than assuming that there is a bigger sucker in the future willing to buy in.
Edit: Just look at any comment section where wallstreetbetters just say "stonks always go up" and are under no impression that the asset will ever pay any dividends at all.
The entire thing is based of the premise that someone else must surely pay you more for it in the future. Why they would do that however is never explained.
It’s wild when Musk companies are put in perspective. Like Tesla being worth more than all other car companies combined. And now this where a company that doesn’t make money is worth more than Amazon or Microsoft. 😂
It makes stocks and markets sound like bullshit. And they want to deregulate *that* further.
I will pop some corn when it happens, served with warm butter.
Also, considering the business plan of Starlink, most of what they send up comes down as debris when it doesn't burn up in the atmosphere first; very little of what SpaceX sends up comes back intact.
So, fly high Elno! I shall witness you shiny and chrome.
Capitalists are secretly the biggest socialists of all: they always try to socialize the losses caused by them privatizing the gains from their actions
Socialism isn't when the government does stuff. It is true that capitalists preach free market absolutism until they fail at which point they want massive public spending to bail them out, but that's still capitalism.
Starlink is a legitimate game changer in the military as shown by how devastating it is to Russia losing it. All this AI crap bolted onto the company is basically worthless.
Even then, Starlink isn't worth THAT much. I figure it would still be smaller than most major ISPs just considering volume. And Amazon is currently launching their own version, so competition is coming.
Amazon lost their exclusive bandwidth from the FTC due to the explosion on the pad. The FTC doesnt mess around. You say you're gonna use the bandwidth in X amount of years you better use it. Now it will be reauctioned and amazon could bid into it again if they wish they certainly have deep enough pockets.
Competition will eventually come, but even without that it seems like there's a natural limit to that market. I would guess everyone who needs it and can afford it already has it? Internet access outside of places covered by cell reception is a fairly specific market.
Their user base has doubled every year since 2021, going from 1 million subscribers in 2022 to more than 12 million today. That’s exponential growth, which is not a sign of a limited market.
The reality is that Starlink’s performance gains and aggressive new pricing tiers make it increasingly competitive with traditional ISPs.
The effect on Russia also showed the need for every major country to have its own system and thus the limit on the potential size of starlink. As well as the need for these systems to be owned and controlled by states
Absolutely, but SpaceX is by far the cheapest launch platform right now. Any competitor would either need massive government subsidies or develop rocket tech that has comparable cost-efficiency to SpaceX's.
Starlink's potential market is the world, unless other nations are willing to ban them. And so long as SpaceX remains cheaper than the competition, they'll always win on price.
I mean, the limit of p/e as p and e approach 0 is an infinity either way. The only question is which positive or negative infinity according to which quadrant you're coming from.
is it a 3.4% dilution but they just literally doubled the number of shares in float. who knows that means for the price either way this is like maybe a 3rd of shares they are authorized to issue so expect more!
Wait, why would they be allowed to dilute investors? I thought purchases come from equity not sold yet- is everyone allowed to just dilute their shareholders anytime?
well, generally they need to have majority consensus re: issuing new stock. If one person or entity holds enough voting power to reach whatever threshold is defined, then yes, they can dilute the shares at any time.
If you look at the prospectus they authorized 35 million shares. 5 million for the IPO like 4.5 million to buy Cursor. So we have a lot of dilution to go for bag holders
> That marks a roughly $620 billion reduction in SpaceX’s market value since its Tuesday peak, lowering to $2.37 trillion from about $2.99 trillion, when SpaceX ranked the world’s fourth-largest company ahead of Amazon and Microsoft (it now ranks seventh, behind No. 6 TSMC at $2.38 trillion).
It is fucking absurd that SpaceX would be more valuable than Microsoft or Amazon. It's 100% Musk cultists.
the other day i was scanning through the radio when i tuned into a christian radio station. they had a caller asking for stock advice from Grok, and he was calling in to confirm whether or not SpaceX was a “godly company run with Christian principles.” And the hosts went on this long tangent about how SpaceX is biblically sound and more people should invest. am i surprised? def not
Fun part about this: this was in the heart of Portland, OR. Crystal clear radio. I know Battle Ground, WA is a colony for MAGAts right now, but I’m always shocked when I hear “conservative” radio out here. There’s not just one christian station either. There are many including ones directed at urban youth.
as someone who grew up going to catholic school/in the catholic church, it was kinda shocking to hear. when i was growing up, it was very taboo if not outright irreverent to mix modern music with church hymnals. I still remember the blonde spiky haired lector who brought a guitar into the church i grew up in. it was controversial to say the least.
it’s crazy to think how the urban vs rural divide is so real but because conservative america is targeting wider ranges, it’s spilling over into traditionally very left wing spaces
late 90s/early 2000s, and people either loved them or despised them. as i said, raised catholic, they were pretty much universally condemned in my family and church. flyleaf was a big one in the 2000s too that actually broke through. christian rock has been an institution for a while. gospel/soul has been an institution for a while. it's surprising to me how they're heavily investing in hip-hop and r&b with a poppy sound.
To be fair Oregon is a completely different state once you get outside the valley, Bend, etc. Southern, Eastern and Coastal Oregon are completely different culturally (and largely politically). Hard to remember this when pretty much all the population of the state lives in these handful of places.
Isn't that typical of IPOs tho? All the hype and everyone buys it up thinking they are getting in at the ground floor then poof... The price plunges to reality
Depends on the IPO. They usually want a pop and there's often some pull-back afterwards, but usually smaller magnitudes in both directions.
Most companies doing an IPO after 2000-2001ish have, yknow, pretty decent revenue, usually profitable unless specifically reinvesting all free cashflow plus more investor money into growth, etc. IPOs tend to punish companies if they're not properly ready. Remember Wework trying to IPO and everyone smelling a rat?
These few loudly discussed companies are anomalies, their valuations are absurdly high compared to revenues and profits (or losses, really) due to hype. Hype in a single individual or hype in LLM technology. The latter of which is at least somewhat understandable, if you squint.
FB went public almost 15 years ago post 2008, right after the flash crash. Back then there was still some minor semblance of a functional market. At this point it is entirely speculative and devoid of any reality.
Facebook made very little money when they went public.
At the time their biggest sources of revenue were gaming tokens (don’t remember what they were called) and ads. The only ads they had were on the sidebar on desktop web. They had no mobile ads. Internally they believed there was a knob they could turn which would increase ad load and revenue when needed. They turned that before the IPO and nothing happened. Turns out making money from showing ads involves a lot more than having ad space.
Why would I bother trying to read that article to determine if it is "wrong" or not? It's AI slop, not written by a human at all. No, I'm not going to read and fact check it because it's not worth my time to.
The real question is why you linked to it in the first place and not the Forbes article instead.
I wonder how SpaceX will perform when the next mega IPO hits. Are all the AI investors going to dump SpaceX and jump to anthropic, or will SpaceX have sucked up all the oxygen in the room and snuffed Anthropic's IPO as a result?
SpaceX is generally a good and interesting company, just like 10,000 other good and interesting companies in the US that innovate every day in their own field. But humans are stupid- see big rocket, live on Mars bigger cool.
I mean Musk did absolutely raid the government with DOGE and deserves to face justice for what he's done. If he gets off scot free (and he will, that's how wealth works) it'll be a damn shame.
Let me guess, you think he's a perfectly upstanding individual that hasn't blatantly broken the law? Next you'll tell me the whole "pedophile" thing is overblown, and Trump never met Epstein in his life.
It's not a conspiracy. Some of us lived it first hand. Elon killed millions of people and committed thousands of felonies. He should be charged with every single one of them. And so should all the employees under him.
How is correcting a wrong (but emotionally aligned with reddit sentiment), then acknowledging a non-sequitur (but reasonable) point, emotional? You gotta admit this site is pathetic when they vote based on what they like in that way, even if my tone was salty.
Elon bad therefore Grok bad therefore their engineers used a different product because grok stinks? That doesn't make any sense. I don't even like Elon lol.
Great lesson from Black Swan: News reporters have no idea (usually) why a stock went up or down. Everyone loves to create retrospective narratives.
Maybe this article is correct. Or, maybe it’s the Fed’s news? Or maybe it’s something else? You could also say “investors feel extremely confident in SpaceX future growth, driving it up 15% from IPO” and that would be equally valid.
“The problem is that our ideas are sticky: once we produce a theory, we are not likely to change our minds — so those who delay developing their theories are better off. When you develop your opinions on the basis of weak evidence, you will have difficulty interpreting subsequent information that contradicts these opinions, even if this new information is obviously more accurate.”
Financial journalism is just creative writing for people who like spreadsheets. They look at a number, look at the news, and draw a line between them like a toddler with a crayon. If the market went up today, the headline would be: 'Investors rally behind bold Cursor acquisition!' They just retroactively fit whatever happened into a neat little story.
shooting rockets to space is nice for human dream, but as an investor, you need to know a company how to generate positive cash flow. A company IPO value over 2T is a crazy dreaming.
SPCX maybe just like bitcoin, its valuation is very controversial, I don't buy that dreaming stock.
The Bitcoin analogy is quite apt. It’s based on what someone things it’s worth once divorce from the restraints of fundamental values. And if they own the space market and we become an interplanetary species, then it’s highly undervalued.
In other words. This is gambling, disguised as investing.
Sure sure but the billionaires are okay right? There's no amount of suffering the people should endure but as long as not a single hair on their heads or penny in their bank accounts are harmed we're good!
"Spooks investors " sure it does. Nothing like opening a big fat short position with bs like this from news outlets. The double top on the 5 day chart had absolutely nothing to do with it. .... spooky!
Nothing was wiped out and it has nothing to do with Cursor because it's all just play money and Vegas valuations and the idea that investors are actually responding to the financials in any way is laughable.
Maybe it's because people wanted that quick hit and got the hell out. It's ok to be a dreamer and make rockets but they also have to make money. It's far to early for them to worth 2 trillion
I wonder if the poor souls vester all of the savings will learn this lesson or will they jump onto the Anthropic and OpenAI train to try their luck. Those company are probably begging for a bail out as we speak.
Buy SpaceX if you are willing to take a risk and hold for 5-10 years. If you’re looking for a quick pop and immediate returns, this is not the company to bet on.
Elon has been abusing finance for a long time. I don't think this Cursor deal has anything to do with spooking investors as it's just another financial abuse. I think the low float will continue to show volatility until more shares are unlocked. There is so much fake value going around.
And I loved every minute of SpaceX taking a steaming hot dump and losing billions in valuation. Hope all the loathsome cybercucks who lied their asses off and guaranteed the price would go parabolic are doing ok 🤣
[OP] marketrent | a day ago
Key takeaways from article by Tyler Roush:
Shares of SpaceX declined by more than 6% to just under $179 as of Thursday afternoon, extending Wednesday’s decline of nearly 5% and a 20% dive since hitting a high above $225 on Tuesday.
That marks a roughly $620 billion reduction in SpaceX’s market value since its Tuesday peak, lowering to $2.37 trillion from about $2.99 trillion, when SpaceX ranked the world’s fourth-largest company ahead of Amazon and Microsoft (it now ranks seventh, behind No. 6 TSMC at $2.38 trillion).
SpaceX on Tuesday disclosed it would acquire Cursor for $60 billion in stock, representing roughly 3.4% dilution—meaning investor stakes will represent a smaller percentage of the company—of SpaceX’s $1.77 trillion IPO valuation.
Morningstar analysts lowered its fair value estimate for SpaceX to $62 from $63, citing a “sizable dilution” of SpaceX shares following the Cursor deal, noting a best-case scenario would price shares at $169 should its AI revenue improve.
It’s a cooling from the record-setting demand since its debut: Investors purchased $369.8 million in SpaceX shares over its first three sessions, accounting for more than quadruple the funds poured into Nvidia ($88.2 million) over the same period, according to a Vanda Research note on Wednesday.
Option trading for SpaceX also debuted on Tuesday, allowing investors to bet against the stock, and Susquehanna analyst Chris Murphy wrote in a note that there was a 15% chance the stock would lose half its value over the next three months because of option trades.
woah_man | a day ago
"because of options trades", or because the value of the stock is already completely divorced from reality.
TopicOnly7365 | a day ago
In terms of mechanics, there are highly exposed insiders that need to cover their positions without a major tax hit. The big money will do this gently through hedging rather than dumping shares. I can't speak to that analyst's model, but the release is staggered so that there's feedback from the market, which would make it difficult to predict.
topdangle | a day ago
considering the absurdly high value it would probably cost more to try to spread their sales out for tax reasons than to just eat the taxes.
only thing keeping insiders from selling is the lockup period.
CrumDelicious | a day ago
Man the parasite stock trading layer of society is crap. "Let's not produce anything and just extract money from the valuation of companies that actually produce something.
topdangle | a day ago
at this point its not even tied to value production. it's all about hopes and dreams of value production so you can get in before its too expensive.
WouldCommentAgain | a day ago
SpaceX is even dependent on government contracts. So it's financed by taxpayer money.
FlyingBishop | 23 hours ago
SpaceX has saved the government a lot of money with Falcon 9. They sell services the government needs at lower cost and higher quality than other suppliers like Boeing and Lockheed Martin.
Air320 | 9 hours ago
Still not enough to offset the billions in subsidies poured into SpaceX.
mdomans | 21 hours ago
Trading on a professional level is just risk warehousing and management. You take risk of owning the stock (company bankrupting or price dropping) and if you are right you get paid risk premium.
If you want to blame someone for unhinged company valuations like Tesla trading at bajilion to one P/E go talk to CEOs, CFOs and people like Kathy Wood. Have you see SpaceX prospect or their governance structure?
Way it's set up Elon could merge Tesla into SpaceX and then take all the money and spend it on blow and hookers and board wouldn't be able to even think of stopping him.
Price of any individual instrument is an abstract unimportant number from a trading perspective. The only valid question is "If I bought are there more people willing to buy at that price"
Air320 | 9 hours ago
The last para is key. I honestly don't understand how that's accepted as ok if the end result is wealth concentration in extreme.
mdomans | 9 hours ago
Key words are leverage and private credit. Musky Elmo and other bozos are shitting their panties over public debt. That's not really that much of a problem. Public debt is actually pretty well controlled thing in most countries.
Real problems come from leverage, private debt and predictable, often passive, flows.
When Elmo was trying to pump TSLA share price people bought a shit ton of TSLA calls to gamble on that and ... that pumps TSLA stock. And since TSLA has momentum other strategies buy it ... and it moves up driving valuation.
But it's not real. If Elon attempted to sell meaningful share of his stock he'd drive the price way down.
The problem is that private credit and leverage enables him to circumvent that. Rather than selling stock get more capital via collateral get more leverage on that and keep on pumping his "artificial" buying power.
That's essentially leverage on top of artificial valuation. Which works great until something along the way blows out. That was 2008 in a nutshell, valuations of MBOs were fake but because of ratings investors were leveraged past the point of insanity.
So when defaults came ... the system imploded.
My personal take is simple. Law should prevent shit like that. Elon shouldn't be allowed to use more than X amount of stock as collateral. If you want the money you can't have the power.
That is central problem. Either you have massive "fake" wealth, keep the power over the company but eat dirt or share the power, get the dollars and eat cake.
Nobody should be allowed to do both.
But Americans love rich people 😉more than freedom or justice or fairness. So it what is is
uber_neutrino | a day ago
>Man the parasite stock trading layer of society is crap.
Almost everyone is reliant on investments to fund their retirements. You don't invest?
I honestly don't get this kind of attitude. What's your vision for how society should work with respect to capital? Honestly I'm curious at this point.
Do you have a job? Do you pay taxes? Do you not save for retirement?
Affectionate_Car_302 | a day ago
The true purpose of investment is to fund production, manufacturing, and tangible improvements, not bubbles and PowerPoint presentations.
uber_neutrino | a day ago
Well yes this is why they raised $75B in capital to invest in building stuff. I mean what company can you name that's building more physical infra right now than SpaceX?
TopicOnly7365 | a day ago
The market gave SpaceX $85 billion to fund AI infrastructure. The value of that to society is certainly debatable, but the market is working as designed.
Affectionate_Car_302 | a day ago
>SpaceX on Tuesday disclosed it would acquire Cursor for $60 billion in stock, representing roughly 3.4% dilution
An $85.0 billion influx of funding sustained the stock valuation, and then a small fraction of the equities was utilized to completely acquire Cursor via an all-stock transaction, with the implied deal valuation reaching as high as $60.0 billion. No cash payment was involved; the consideration was entirely completed through new shares issued by SpaceX.
Is this what you call building artificial intelligence infrastructure?
FlyingBishop | 23 hours ago
SpaceX is renting out their datacenters to Anthropic because they don't have anything to do with them. Buying Cursor is an attempt at improving their vertical integration. SpaceX legitimately built the datacenter infrastructure, the thing is that it's actually less profitable to build infrastructure than to make software like Cursor. SpaceX wants to do both because that's going to mean more profits than renting out datacenters to other profitable AI companies.
TopicOnly7365 | a day ago
Shares only, so none of the $85 billion left SpaceX. Also, yes Cursor is AI infrastructure, and its value to society is debatable.
uber_neutrino | a day ago
>Is this what you call building artificial intelligence infrastructure?
That's exactly what it is yes. Cursor is an AI company with a bunch of software and people.
What world are you living in that it's not?
What do you invest in?
doogles | a day ago
Musk is so dumb that he's using a pump and dump scheme from when he was a kid.
0o0o0o0o0o0z | 23 hours ago
Yet, it works, over and over and over, until we, the US, have a competent, non-grift-oriented administration. Still waiting for the Mars colony, or that Tesla to drive from LA to NY autonomously... Also, I was told their robot would be doing every household chore by now...
King_LaQueefah | a day ago
I liked this comment because it sounded the most right because it made the least sense to me.
MightyKittenEmpire2 | 20 hours ago
You do understand that insiders can't legally sell for 6 months?
TopicOnly7365 | 17 hours ago
The early release schedule is in the S-1.
Pendraconica | a day ago
What happens when the people who thought they bought stock in a space company find out they actually bought stock in an AI company?
vitringur | a day ago
Who gives a shit?
At some point you just got to stop worrying about how idiots invest their money.
Herbalife is still a thing.
0o0o0o0o0o0z | 23 hours ago
100% there is a shitton of money to be made off Musk in either direction... but people need to understand the "stock" is the product, not anything they might make. It's just a financial 3-card monte game...
Previous_Cattle_5545 | a day ago
That is the same thing really.
KFSX | a day ago
It's not divorced from reality if you're making money off of it lol
woah_man | a day ago
So the price dipped by 20% in a couple days and you're bragging about making money on it? Remind me about it in a month. You can gloat about all the money you made to me if you're right.
Superfluouslfe | a day ago
It will go down, I bought a few shares for the long haul not to make money in the short term. I only spent 1k, in 30 years that may be a few thousand or it may be 300k. Who knows by I didn't spend much so I'm not worried. On the other hand, Intel spent 30 years gaining no real value and now it's up quite a bit, no one REALLY knows
Far_Piano4176 | a day ago
one thing i can absolutely guarantee you is that spaceX will not be a 450 trillion dollar company in 30 years, unless the dollar hyperinflates
uber_neutrino | a day ago
The dollar is already inflating. That's a big part of why valuations are where they are now.
I think SpaceX is a $10T company in 5 years.
Far_Piano4176 | a day ago
Seems extremely unlikely. If it is, it will be due to elon's financial engineering and narrative building skills, absolutely not due to any product or service sold by the company other than its stock.
uber_neutrino | a day ago
It'll be due to a few factors. The biggest one being inflation.
Personally I invested because I believe in the mission. If I lose all my money at least we tried.
Far_Piano4176 | a day ago
so the biggest factor being inflation means that we'll have more than 150-200% inflation in 5 years? that's over a 30% annual rate of inflation.
that's absolutely hyperinflation, but regardless i don't think the math makes sense here unless you're predicting that the trump admin does something extremely stupid in the next 2 years.
artisanrox | a day ago
spooky stuff that there are so many people On This Forum that don't understand that inflative value isn't gonna help their investments be worth more when a loaf of bread might cost $1K in a few years lol
uber_neutrino | a day ago
Investing in real things like companies and real estate is the way to protect your value as the government spends the dollar into oblivion.
It would be better if they didn't do that though.
artisanrox | a day ago
real estate, ohhh definitely. companies nowadays, I'm not so sure anymore.
would be nice if "the government" didn't spend so much money on suicidal military missions, making the White House look like a trailer park and overvaluing some guy's memestock
Old_timey_brain | a day ago
> I only spent 1k, in 30 years
Dammit, you've triggered a memory of a brother telling me I need to invest in this thing he found with his new employer. So I dumped in that $1K and tucked it into my retirement fund and forgot about it.
A couple years later, "Hey Brother, how's that investment?"
"Oh, yeah, it got de-listed. Sorry."
Mostly_Enthusiastic | a day ago
It's up exclusively because Trump handpicked Intel as the next vehicle to enrich himself and his inner circle.
Unexplored-Games | a day ago
You can make money when stocks go down...
woah_man | a day ago
I'm aware of that too, lol. You can't say the things "fairly priced" and brag about making money on it if you're making money on it by the price going down. You're literally betting it's worth less than the current price in that case.
denga | a day ago
Wouldn’t that be true in either direction? If you’re betting it’s going to go up, you’re also making a bet that it’s not “fairly priced” (whatever that means).
woah_man | a day ago
Yes.
There are more complicated options strategies where you are buying/selling both sides of options around a certain stock where that would be considered neutral.
But a simple call or put will either be bullish (stock goes up to make money) or bearish (stock goes down to make money) over a certain time.
denga | a day ago
My point was that someone who is bearish and someone who is bullish both have similar views on the fairness of pricing, just with opposing directionality.
woah_man | a day ago
And yes, I agree with you.
immaSandNi-woops | a day ago
Alex, I’ll take “what’s the opposite of a hot take?” for $2000 please
vitringur | a day ago
Nobody is making money off of it lol
The big 7 are basically like crypto or any other pyramid scheme at this point. Nobody is making any money other than assuming that there is a bigger sucker in the future willing to buy in.
Edit: Just look at any comment section where wallstreetbetters just say "stonks always go up" and are under no impression that the asset will ever pay any dividends at all.
The entire thing is based of the premise that someone else must surely pay you more for it in the future. Why they would do that however is never explained.
Bay1Bri | a day ago
This quote attributed to "guy who loses it all every minor economic downturn."
neondragony | a day ago
i thought SPCX investors would be excited to watch a precise self-guided vertical touchdown
watercouch | a day ago
🚀📈🌔…. 📉🛬🌎
To the moon! And then back to the earth!
Affectionate_Car_302 | a day ago
self-guided?
Winter_Swan5104 | a day ago
It’s wild when Musk companies are put in perspective. Like Tesla being worth more than all other car companies combined. And now this where a company that doesn’t make money is worth more than Amazon or Microsoft. 😂
It makes stocks and markets sound like bullshit. And they want to deregulate *that* further.
ScoffersGonnaScoff | a day ago
Watching SpaceX market cap come back down to earth will be hugely satisfying….
Ohuigin | a day ago
Everything they make comes back down to earth.
It's a matter of how many pieces it's in when it does....
helbur | a day ago
"Excitement guaranteed!"
KotoElessar | a day ago
They call it a rapid unscheduled disassembly.
I will pop some corn when it happens, served with warm butter.
Also, considering the business plan of Starlink, most of what they send up comes down as debris when it doesn't burn up in the atmosphere first; very little of what SpaceX sends up comes back intact.
So, fly high Elno! I shall witness you shiny and chrome.
RecentDecision2329 | a day ago
The press has been warning everyone how overvalued this stock is. Sure looks like a pump and dump.
Additional_Teacher45 | a day ago
Except by forcing SPCX into the Nasdaq, now literally anyone with a retirement fund has to hold Elon's bag.
watercouch | a day ago
To be fair, bringing things safely back down to earth is what they’re proven capable experts in.
DangerousCyclone | a day ago
We've been waiting for that to happen to Tesla and it doesn't seem to have happened no matter how many fuck ups they made.
AK_Panda | a day ago
Tesla stock is down ~16% in the last 6 months tho.
So_HauserAspen | a day ago
Except when congress lights the ground on fire running to pass a rescue package
MC_chrome | a day ago
The only acceptable rescue package would be a complete nationalization of SpaceX, alongside the immediate imprisonment of Elon for fraud
vitringur | a day ago
Ah yes, the classic theft and purge.
And who says socialism is dead.
MC_chrome | a day ago
Capitalists are secretly the biggest socialists of all: they always try to socialize the losses caused by them privatizing the gains from their actions
4h20m00s | a day ago
Socialism isn't when the government does stuff. It is true that capitalists preach free market absolutism until they fail at which point they want massive public spending to bail them out, but that's still capitalism.
vitringur | a day ago
Absolutely. Which is why only socialists and idiots talk about "capitalism".
The ideology is called liberalism.
Prize_Proof5332 | a day ago
It's going to explode like a Starship!
freeradioforall | a day ago
we said that about TSLA
Mercator_Constantine | a day ago
It’s still overvalued by like 2.3 trillion dollars.
Chipay | a day ago
Starlink is a legitimate game changer in the military as shown by how devastating it is to Russia losing it. All this AI crap bolted onto the company is basically worthless.
Previous_Cattle_5545 | a day ago
Even then, Starlink isn't worth THAT much. I figure it would still be smaller than most major ISPs just considering volume. And Amazon is currently launching their own version, so competition is coming.
Brwright11 | a day ago
Amazon lost their exclusive bandwidth from the FTC due to the explosion on the pad. The FTC doesnt mess around. You say you're gonna use the bandwidth in X amount of years you better use it. Now it will be reauctioned and amazon could bid into it again if they wish they certainly have deep enough pockets.
uber_neutrino | a day ago
Amazon did NOT lose their spectrum, they extended it.
weluckyfew | a day ago
Competition will eventually come, but even without that it seems like there's a natural limit to that market. I would guess everyone who needs it and can afford it already has it? Internet access outside of places covered by cell reception is a fairly specific market.
Fewluvatuk | a day ago
And a shrinking market.
ShiftE_80 | a day ago
Their user base has doubled every year since 2021, going from 1 million subscribers in 2022 to more than 12 million today. That’s exponential growth, which is not a sign of a limited market.
The reality is that Starlink’s performance gains and aggressive new pricing tiers make it increasingly competitive with traditional ISPs.
uber_neutrino | a day ago
>I figure it would still be smaller than most major ISPs just considering volume.
What other ISP runs in 100 countries and covers all the oceans and orbit?
None that's how many.
devliegende | a day ago
The effect on Russia also showed the need for every major country to have its own system and thus the limit on the potential size of starlink. As well as the need for these systems to be owned and controlled by states
Chipay | a day ago
Absolutely, but SpaceX is by far the cheapest launch platform right now. Any competitor would either need massive government subsidies or develop rocket tech that has comparable cost-efficiency to SpaceX's.
devliegende | 22 hours ago
Cheap rockets gives the USA a strategic advantage over Russia or China. It doesn't change the limit on Starlink's potential market.
Chipay | 22 hours ago
Starlink's potential market is the world, unless other nations are willing to ban them. And so long as SpaceX remains cheaper than the competition, they'll always win on price.
devliegende | 16 hours ago
You don't really get the part where every major nation will need its own system do you?
Churchbushonk | a day ago
It hasn’t made a profit yet. The P/E is infinite right now.
ffsudjat | a day ago
I thought it should be negative.. only from math perspective
devliegende | a day ago
No. Mathematically a ratio function is a hyperbole. It can approach the zero line, not cross it.
monocasa | a day ago
Earnings can be negative since it's normally net income, which can make P/E negative.
Negative ratios are rare outside of financial contexts, but there's nothing inherently wrong with them.
devliegende | 22 hours ago
Calculating a P/E using negative earnings is nonsensical.
A very small loss will result in a very large negative P/E and a very large loss will result in a P/E approaching 0
monocasa | 12 hours ago
I mean, the limit of p/e as p and e approach 0 is an infinity either way. The only question is which positive or negative infinity according to which quadrant you're coming from.
uber_neutrino | a day ago
So you are shorting it then right?
Mercator_Constantine | a day ago
No. I believe it will fall but there are better returns on investment than waiting for that to happen.
Also shorting is dumb. If you’re going to bet against something use puts.
uber_neutrino | a day ago
>No. I believe it will fall but there are better returns on investment than waiting for that to happen.
I mean I invest in everything diversification is good. But I believe in the mission of spacex which is also a reason to invest.
weluckyfew | a day ago
> a best-case scenario would price shares at $169 should its AI revenue improve
It lost $6 billion on $3 billion in revenue so ya, there's room for improvement. That's one way to describe it.
wowlock_taylan | a day ago
It is one of the largest scams in human history.
Coasteast | a day ago
The most obvious pump and dump
uber_neutrino | a day ago
Delusional.
vote-morepork | a day ago
NASDAQ tracking funds will start buying in a couple of weeks. Given the limited float that could cause a bump in the short term.
Agreeable_Meaning_96 | a day ago
is it a 3.4% dilution but they just literally doubled the number of shares in float. who knows that means for the price either way this is like maybe a 3rd of shares they are authorized to issue so expect more!
Late_Stage_Exception | a day ago
Man the fact this meme is so close to TSMC that literally powers the world right now…fucking nuts.
freeradioforall | a day ago
LMAO and then it recovered 80% of the loses by market close. its just one giant scam
gethereddout | a day ago
Wait, why would they be allowed to dilute investors? I thought purchases come from equity not sold yet- is everyone allowed to just dilute their shareholders anytime?
Xenoanthropus | a day ago
well, generally they need to have majority consensus re: issuing new stock. If one person or entity holds enough voting power to reach whatever threshold is defined, then yes, they can dilute the shares at any time.
Agreeable_Meaning_96 | a day ago
If you look at the prospectus they authorized 35 million shares. 5 million for the IPO like 4.5 million to buy Cursor. So we have a lot of dilution to go for bag holders
vandrag | a day ago
As far as I know these shares are special "bag holder" A-Shares that dont have voting rights and have waived the right to class action suits.
To have such a high percentage of an initial IPO go to retail investors is very unusual.
kerouacrimbaud | a day ago
SpaceX being allegedly valued at over two trillion is insane. People really just make shit up don’t they? A sucker is born every minute!
TheStinkfoot | 22 hours ago
> That marks a roughly $620 billion reduction in SpaceX’s market value since its Tuesday peak, lowering to $2.37 trillion from about $2.99 trillion, when SpaceX ranked the world’s fourth-largest company ahead of Amazon and Microsoft (it now ranks seventh, behind No. 6 TSMC at $2.38 trillion).
It is fucking absurd that SpaceX would be more valuable than Microsoft or Amazon. It's 100% Musk cultists.
joaquinsolo | a day ago
the other day i was scanning through the radio when i tuned into a christian radio station. they had a caller asking for stock advice from Grok, and he was calling in to confirm whether or not SpaceX was a “godly company run with Christian principles.” And the hosts went on this long tangent about how SpaceX is biblically sound and more people should invest. am i surprised? def not
303uru | a day ago
Rural radio is entertaining as fuck, until you realize millions of people are listening to it all day and believing it.
joaquinsolo | a day ago
Fun part about this: this was in the heart of Portland, OR. Crystal clear radio. I know Battle Ground, WA is a colony for MAGAts right now, but I’m always shocked when I hear “conservative” radio out here. There’s not just one christian station either. There are many including ones directed at urban youth.
as someone who grew up going to catholic school/in the catholic church, it was kinda shocking to hear. when i was growing up, it was very taboo if not outright irreverent to mix modern music with church hymnals. I still remember the blonde spiky haired lector who brought a guitar into the church i grew up in. it was controversial to say the least.
it’s crazy to think how the urban vs rural divide is so real but because conservative america is targeting wider ranges, it’s spilling over into traditionally very left wing spaces
ArbysLunch | a day ago
You don't remember the 90s when christian acts were trying to cross into radio pop charts? Jars of Clay, DC Talk, Creed?
joaquinsolo | 23 hours ago
late 90s/early 2000s, and people either loved them or despised them. as i said, raised catholic, they were pretty much universally condemned in my family and church. flyleaf was a big one in the 2000s too that actually broke through. christian rock has been an institution for a while. gospel/soul has been an institution for a while. it's surprising to me how they're heavily investing in hip-hop and r&b with a poppy sound.
Sir_Percival123 | 18 hours ago
To be fair Oregon is a completely different state once you get outside the valley, Bend, etc. Southern, Eastern and Coastal Oregon are completely different culturally (and largely politically). Hard to remember this when pretty much all the population of the state lives in these handful of places.
bluuuuurn | a day ago
Musk withdrew US support that help keep millions from dying, so yes, it's definitely run with Christian principles.
1WordOr2FixItForYou | a day ago
Do unto others, because fuck 'em that's why.
Yeeeoow | a day ago
Id kill to get a recording of that.
Would you be able to tell me the station and state? I might be able to track down the program and get a recorded version.
MonsPubis | a day ago
Did you find this? I would want this as well.
Yeeeoow | 22 hours ago
No
CatOfGrey | 22 hours ago
This has now become my version of "You know it's time to sell when the shoe-shine boy is giving you stock tips."
B00marangTrotter | a day ago
Oh, that's what "spooked" investors, them buying an AI system their engineers have been using rather than grok cause grok stinks?
It's certainly not the over evaluation and ridiculous market cap, right...right?
No matter how hard you look at it, SpaceX is a grift, and a polished turd.
Cheesefactory8669 | a day ago
yeah idk who did t see rhat coming, it was obvious that it goes up on the first day, the after a few, find some excuse to dump
Wh0_em_I | a day ago
Isn't that typical of IPOs tho? All the hype and everyone buys it up thinking they are getting in at the ground floor then poof... The price plunges to reality
Eudaimonics | a day ago
Yep, if you look at medium term trends, like 80% of IPOs end up lower in value 6 months later.
Makes sense too, all the founders and VCs that invested in the company want their paycheck.
Better to wait 6 months and see what happens before investing.
Cheesefactory8669 | a day ago
yeah thats my point, its not uncommon, also doesnt speak to its quality, other stuff does , but certainly not this
Wh0_em_I | a day ago
I feel like a lot of people are missing your point lol I wanted to point it out bc I'm still a newbie to economics/investing
Cheesefactory8669 | 23 hours ago
oh sorry I assumed the worst lol. stuff like this annoys me cuz I was taught econ by my parents since I was 10
gimpwiz | a day ago
Depends on the IPO. They usually want a pop and there's often some pull-back afterwards, but usually smaller magnitudes in both directions.
Most companies doing an IPO after 2000-2001ish have, yknow, pretty decent revenue, usually profitable unless specifically reinvesting all free cashflow plus more investor money into growth, etc. IPOs tend to punish companies if they're not properly ready. Remember Wework trying to IPO and everyone smelling a rat?
These few loudly discussed companies are anomalies, their valuations are absurdly high compared to revenues and profits (or losses, really) due to hype. Hype in a single individual or hype in LLM technology. The latter of which is at least somewhat understandable, if you squint.
PerfectZeong | a day ago
Dunno, Facebook didnt go public until they were already profitable
toobs623 | a day ago
FB went public almost 15 years ago post 2008, right after the flash crash. Back then there was still some minor semblance of a functional market. At this point it is entirely speculative and devoid of any reality.
donutello2000 | a day ago
Facebook made very little money when they went public.
At the time their biggest sources of revenue were gaming tokens (don’t remember what they were called) and ads. The only ads they had were on the sidebar on desktop web. They had no mobile ads. Internally they believed there was a knob they could turn which would increase ad load and revenue when needed. They turned that before the IPO and nothing happened. Turns out making money from showing ads involves a lot more than having ad space.
HumorAccomplished611 | a day ago
Yet many make a lot of money after. Facebook. Google etc
Wh0_em_I | a day ago
Any company that goes public is making money or else they wouldn't go public. I'm talking about the general public investor
HumorAccomplished611 | a day ago
Wework
ch1llboy | a day ago
You mistake the market for something rational. Tesla for instance
octobersveryknown | a day ago
Cursor and grok are two different classes of products lmaoo
sonofchocula | a day ago
Both shit still tho
HappyCamperPC | a day ago
Thats a bit harsh on Cursor.
https://www.saastr.com/cursor-hit-1b-arr-in-17-months-the-fastest-b2b-to-scale-ever-and-its-not-even-close/
dyslexda | a day ago
Lol why would you link to such an obvious AI-generated article?
HappyCamperPC | 23 hours ago
Is it wrong though? Is this link to a Forbes article that says the same thing more eloquently better?
https://www.forbes.com/sites/richardnieva/2026/06/08/cursor-4-billion-annualized-revenue/
dyslexda | 22 hours ago
Why would I bother trying to read that article to determine if it is "wrong" or not? It's AI slop, not written by a human at all. No, I'm not going to read and fact check it because it's not worth my time to.
The real question is why you linked to it in the first place and not the Forbes article instead.
LakeSolon | a day ago
That article isn’t this. It’s that.
Cybertronian10 | a day ago
I wonder how SpaceX will perform when the next mega IPO hits. Are all the AI investors going to dump SpaceX and jump to anthropic, or will SpaceX have sucked up all the oxygen in the room and snuffed Anthropic's IPO as a result?
cultureicon | a day ago
SpaceX is generally a good and interesting company, just like 10,000 other good and interesting companies in the US that innovate every day in their own field. But humans are stupid- see big rocket, live on Mars bigger cool.
a_simple_spectre | a day ago
Well they paid billions for whay is basically visual studio code, which is free and open source
TDStrange | a day ago
Can't wait till Democrats prosecute Elon and everyone at SpaceX and nationalize the one useful part, the Falcon rockets.
chickpeaze | a day ago
this is my dream, too
_nathan67 | a day ago
You want a politically motivated government takeover of a private company? Glad you’re not in charge
dyslexda | a day ago
I mean Musk did absolutely raid the government with DOGE and deserves to face justice for what he's done. If he gets off scot free (and he will, that's how wealth works) it'll be a damn shame.
_nathan67 | a day ago
Delusional
dyslexda | a day ago
Let me guess, you think he's a perfectly upstanding individual that hasn't blatantly broken the law? Next you'll tell me the whole "pedophile" thing is overblown, and Trump never met Epstein in his life.
_nathan67 | a day ago
Nope - I don’t like Musk or Trump.
dyslexda | a day ago
So you should have no problem with him being prosecuted for his many crimes, eh?
_nathan67 | a day ago
I try not to become hysterical about internet conspiracies
dyslexda | a day ago
Sure, sure. You're one of those "independent thinkers" that "does your own research," which somehow always ends up supporting the right. Got it.
TDStrange | 14 hours ago
It's not a conspiracy. Some of us lived it first hand. Elon killed millions of people and committed thousands of felonies. He should be charged with every single one of them. And so should all the employees under him.
Main-Company-5946 | a day ago
SpaceX is awesome, its musk’s nuclear radiation getting on everything he’s associated with that is the problem
lnkuih | a day ago
Cursor lets you use an AI model. You can use Grok through cursor. Oh I forgot, this is r/emotions
ChodeCookies | a day ago
And you think it will stay that way?
lnkuih | a day ago
I think it probably will but that's a risk for sure.
Lemp_Triscuit11 | a day ago
> but that's a risk for sure.
so you were just getting a little emotional lol
lnkuih | 14 hours ago
How is correcting a wrong (but emotionally aligned with reddit sentiment), then acknowledging a non-sequitur (but reasonable) point, emotional? You gotta admit this site is pathetic when they vote based on what they like in that way, even if my tone was salty.
Elon bad therefore Grok bad therefore their engineers used a different product because grok stinks? That doesn't make any sense. I don't even like Elon lol.
Lemp_Triscuit11 | 6 hours ago
because you knee-jerk screeched like a fool that their was no point only to immediately concede when the obvious one was pointed out to you?
to clarify, twas the immediate knee-jerk screeching I called emotional, not your sheepish correction. hope this helps, have a good day
denga | a day ago
Great lesson from Black Swan: News reporters have no idea (usually) why a stock went up or down. Everyone loves to create retrospective narratives.
Maybe this article is correct. Or, maybe it’s the Fed’s news? Or maybe it’s something else? You could also say “investors feel extremely confident in SpaceX future growth, driving it up 15% from IPO” and that would be equally valid.
[OP] marketrent | a day ago
Taleb is quite quoteworthy.
“The problem is that our ideas are sticky: once we produce a theory, we are not likely to change our minds — so those who delay developing their theories are better off. When you develop your opinions on the basis of weak evidence, you will have difficulty interpreting subsequent information that contradicts these opinions, even if this new information is obviously more accurate.”
Straight-Ad6926 | a day ago
Financial journalism is just creative writing for people who like spreadsheets. They look at a number, look at the news, and draw a line between them like a toddler with a crayon. If the market went up today, the headline would be: 'Investors rally behind bold Cursor acquisition!' They just retroactively fit whatever happened into a neat little story.
Hot-Championship1190 | a day ago
It's like looking up at the stars and starting to tell stories about Orion the great hunter, Virgins and Bears great and small.
nah-42 | a day ago
Sounds like economists with better writing skills.
Such_Radio_9152 | a day ago
This entire field is fraught with rationalizing things to fit doctrine
Impressive_Alps9724 | a day ago
shooting rockets to space is nice for human dream, but as an investor, you need to know a company how to generate positive cash flow. A company IPO value over 2T is a crazy dreaming.
SPCX maybe just like bitcoin, its valuation is very controversial, I don't buy that dreaming stock.
ThatNewspaperDude | a day ago
The space stuff is legitimate cutting edge and has a ton of value.
The problem is 90% of the evaluation was AI nonsense.
Additional-Sock8980 | 7 hours ago
The Bitcoin analogy is quite apt. It’s based on what someone things it’s worth once divorce from the restraints of fundamental values. And if they own the space market and we become an interplanetary species, then it’s highly undervalued.
In other words. This is gambling, disguised as investing.
ThePensiveE | a day ago
Sure sure but the billionaires are okay right? There's no amount of suffering the people should endure but as long as not a single hair on their heads or penny in their bank accounts are harmed we're good!
myrichphitzwell | a day ago
Im concerned about the trillionars. Has anybody checked on him?
CoronaCurious | a day ago
He's still trying to learn how to jump properly or make meaningful human contact.
myrichphitzwell | a day ago
At least he isn't trying to learn how to pay his child supports... /S
Sircamembert | a day ago
We both know the jackass is nose-deep in ketamine and horse tranquilizer right now.
myrichphitzwell | a day ago
Ketamin is horsey tranq
MemeMePhotoshop | a day ago
"Spooks investors " sure it does. Nothing like opening a big fat short position with bs like this from news outlets. The double top on the 5 day chart had absolutely nothing to do with it. .... spooky!
BenevolentCheese | a day ago
Nothing was wiped out and it has nothing to do with Cursor because it's all just play money and Vegas valuations and the idea that investors are actually responding to the financials in any way is laughable.
photon1701d | a day ago
Maybe it's because people wanted that quick hit and got the hell out. It's ok to be a dreamer and make rockets but they also have to make money. It's far to early for them to worth 2 trillion
CreativeKeane | a day ago
I wonder if the poor souls vester all of the savings will learn this lesson or will they jump onto the Anthropic and OpenAI train to try their luck. Those company are probably begging for a bail out as we speak.
vester71 | a day ago
Buy SpaceX if you are willing to take a risk and hold for 5-10 years. If you’re looking for a quick pop and immediate returns, this is not the company to bet on.
Richandler | 22 hours ago
Elon has been abusing finance for a long time. I don't think this Cursor deal has anything to do with spooking investors as it's just another financial abuse. I think the low float will continue to show volatility until more shares are unlocked. There is so much fake value going around.
DimMak1 | 18 hours ago
And I loved every minute of SpaceX taking a steaming hot dump and losing billions in valuation. Hope all the loathsome cybercucks who lied their asses off and guaranteed the price would go parabolic are doing ok 🤣