“foreign interests”
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Short term investors who know it’s a fraud and will get out leaving others holding the bag.
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Fucking morons who will be left holding the bag.
- a. Anyone moron with a retirement account
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Do you have a retirement account? In that case, YOU! They bent all the rules (it bends really far if it’s already broken), and now we get to fund the pump. The dump will come soon…
S&P rejected the proposal last I read.
12-Month “Seasoning”: A company must trade publicly on a major exchange for at least 12 months. Got to wait until at least next year
Profitability: A company must report positive GAAP net income over the most recent quarter, and over the last four quarters combined. Starlink is profitable, and the rockets are almost break even. xAI, Twitter and all the other shit means a 5bn loss
Float Requirements: The company must have a sufficient amount of its shares available for public trading (at least 10%). SpaceX float was 4.3%. More shares need to be offered
Right, I guess in my limited knowledge opinion, if a company actually qualifies for an index, let them join. But don’t be d te rules so Elon can write billions in debt off to Joe Taxpayer.
Opportunists and fools,
in 3 weeks, most everyone.
And lastly, If you knew that the ~$10T USA 401k market would be forced to buy shares in a company with 5% float due to rule changes, you might see a bull case. I’m not touching it, but don’t expect traditional value investing in a rigged system where too much concentrated wealth is sloshing around looking for the next big thing.
The market isn’t for us anymore, it thinks we’re for it
too much concentrated wealth is sloshing around looking for the next big thing.
IDK about concentrated, I always figured Tesla and now SpaceX was more retail investors who are in elons cult.
Larger funds would probably steer clear of them because the fundamentals make no sense. Meanwhile bill in Oklahoma has no idea what a p/e ratio is but he thinks he’s helping Elon fight the woke mind virus by buying SpaceX shares.
Unfortunately a lot of larger funds buy or follow S&P500. Tesla is currently ranked in 9th place on the 500 list, weighing in at 1.77% of the index.
What scares me is like the top 10 companies on that are resting heavily on AI. Like 30% of the S&P is gonna get hit hard if the AI bubble pops
Ask not what the market can do for you…
They decided not to do the rule change after so much backlash.
Only the S&p 500 rejected it from what I am aware. It’s in Nasdaq and probably others
Nasdaq and Russell updated their rules to allow it.
Idk, most recent news I’ve seen was just that the change had been challenged by a bunch of states but it hadn’t been stopped yet
I keep asking myself why I still see Teslas out on the road. Like who tf is still buying let alone owning one of those trash dumps? Like seriously.
What’s even more stupid is that I keep seeing ads everywhere for Musk’s stupid ass Star Link. Why is anyone in their right mind even bothering to take his ads? JFC. They have one job but they can’t even stand up to corruption.
So many people suck up the ads and think Teslas with “autonomous driving” are the car of the future. They look up to them. I just don’t get it.
I just saw a cyber truck with a temporary tag on it , meaning the asshole bought it less than 30 days ago. At this point it’s a deliberate choice
My wife’s distant cousin or something who we see at some holidays bought a cybertruck a few years ago and actually had a party for when he brought it home. At said party he was planning on taking people on rides but something happened and it wouldn’t start. So he drove it home, parked it in his garage, tried to suck his own dick and instead got a very expensive paper weight. Last I heard it was still just sitting there because it would cost too much to fix and he was fighting with the company, but still singing praises.
There’s a ton of them out there. Lotta idiots, lotta people who only care about themselves.
I have a T3 from 2021. Still drives well. What am I going to do? I wouldn’t buy another Tesla as musk is a dick, but it’s a good car.
My parents use starlink from their off grid house in the middle of nowhere - it’s the only way to get decent internet there. Not sure what ads you’re talking about, but I generally avoid media with ads.The absolute best case scenario: someone wants an EV and used Teslas have hit rock bottom prices due to people selling them.
But at this point, people by a Tesla because they want to lick Musk’s taint.
Yes, right? I still have discussions about this. Teslas aren’t so bad and so on. Wtf.
I keep asking myself why I still see Teslas out on the road.
Because cars are expensive and electric vehicles last quite a long time.
Unfortunately, with how "401k"s and broad banking and saving investments work, you are probably investing in SpaceX. Which is what makes it all the more concerning.
Totally this, all of us will be investing in SpaceX because they’re setting us all up to invest in it unknowingly
No one in their right mind is investing in SpaceX. The business is hemorrhaging cash and the only part of it that is even remotely viable is StarLink.
And StarLink has some serious – although currently unrealized --risks related to competition from fiber, which is and always will be technologically superior, and the increasing potential for a satellite to go crashing through someone’s living room.
Of it was only about their space activities, then I could imagine investing in SpaceX.
But according the the documents they released before the IPO, space related activities represent only 7% of their valuation, 93% of their valuation of AI.
It does not make sense but apparently this is worth trillion.
Honestly, that is worse than I expected.
Well thank you,
Your comment killed any FOMO I had.
Aside from the satellites comment, people said / say the same thing about Tesla. If you invested in Tesla the day it went public in 2010 you’d be 400x+ richer today.
To be clear, I’m not suggesting you invest in Tesla or spaceX, but the most successful investors separate morals from money. Does that make them bad people? Yes it does, but many get rich doing it that way.
Tesla wasn’t worth a trillion dollar though.
SpaceX at IPO is already one of the biggest companies around.
Sure it could become 400x but that would be far more likely if it was worth a few billion.
Because Starlink monopoly would be the only good reason I can think of.
Nope, Starlink and space related activities is only a tiny percentage of their valuation (around 7%). Most of their valuation comes from their future AI activities.
China has 5 companies launching sats creating a similar network. That starlink monopoly is maybe for 1-2 more years. Russia is already launching a similar network for the military, I think about 1-2 months out for military use.
Most (85%) of their valuation is in AI and data centers in space. https://youtu.be/FPIGu0anfAE
Because they wanna be part of the grift.
It’s gonna collapse. Price 100% gonna collapse right after they get past the 401k raiding phase
I’m giving it a minute, but then will be investing, regardless of what you think of Musk, SpaceX is an incredible company.
