- cross-posted to:
- world@lemmy.world
- cross-posted to:
- world@lemmy.world
SpaceX made the biggest stock market debut in history on Friday after nearly two and a half decades as a private company.
Public trading began around midday with a starting share price of $150, which quickly jumped by a double digit percentage and sent the company’s valuation above $2tn, where it remained through market close.
The company’s initial public offering made the company’s CEO, Elon Musk, the world’s first trillionaire.
You must log in or register to comment.
And given that this garbage isn’t profitable and has no hope of becoming profitable, he’s soon to be the world’s first former trillionaire.
Tesla is long overdue for a 10x reduction in value.
Thats why spacex is planning on buying tesla
No he’ll sell enough to not fall below and leave everyone else’s retirement savings holding the bag. Fucking ghoul.
I’m GLAD we’re Focusing on Important things like
Helping STARVING Americans!Helping STARVING Children!CHANGING the Rules of the Stock Market to FORCE your Retirement to fund Elon Musk’s Trillionaire STATUS!Musk cares about starving children. He made sure we didn’t give government money to them so they could starve better. He also made sure kids sick with treatable diseases could die faster. Efficiencies!
S&P rejected the rule changes. Only the nasdaq funds are forced to buy. And they wont buy much since the float is so low
Yes, musk is a shithead, and spacex is wildly overpriced, but dont believe the doom and gloom you read
After he dies, I really hope the last name Musk becomes as stigmatized as the last name Goebbels
Remind me in 90 days
Fucking disgusting.
The way all the news outlets report on this like it is a good thing someone hoards so much wealth. Just ugh.
It’s basically scrooge mcduck at this point.
