They are going to be really mad because it’s still 2x to 4x what it’s actually worth, it’s gonna drop hard.
“I gambled on a thing now I’m having a meltdown that it didn’t go my way!”
Musk = POS Nazi.
How did this not smell like a pump and dump to everyone?
Because too many people gamble (sorry “invest”) based on vibes and memes these days rather than fundamentals of the business and maintaining a properly diversified stock portfolio with a realistic time horizon.
They don’t understand the concept of a pump and dump, and only see the people bragging about their quick wins rather than the majority that lose.
Oh no, it’s the obvious and inevitable outcome that literally everyone saw coming. Who could have know this would happen??!1?
I dunno why yall are celebrating this.
Elon basically gaslighted retail investors, and managers for your retirement funds, into transferring wealth directly to Elon Musk.
Other index funds were forced to buy SpaceX at the IPO price. They literally had no choice, even if they knew they’d lose money. And this includes any overseas ones with exposure to US indices.
This is not something to celebrate. We all just got conned, even if you didn’t buy SpaceX directly.
I pulled my retirement funds from the market over a year ago when the market was clearly detatching from reality. They are in a cash account earning modest interest for now.
I don’t let fools in a stupor play with my money.
Yeah, I mean you’re preaching to the choir here.
I’m in individual stocks (that I think are sane) or assets everywhere I can be.
Jokes on you, I nor any of the people I know, have a retirement fund lmao. This will overwhelmingly hit boomers and upper middle class yuppies in corporate jobs, and tbh fuck em both. If you work for a corporation and chose to be a stooge, you’re also part of the problem.
This whole comment screams projection to me. Having a retirement fund is fairly normal, even if you aren’t making the most money in the world.
Hey guys don’t worry! It’s not a loss of all your money, just like it wasn’t a full on Nazi salute.
SpaceX sucked all the money for the AI slop IPO.
I thought SpaceX was at least on the right track with Starship, but then I read this article talking about how even one trip to the Moon could take up to 20 launches:
What’s worse for musk - china launched and landed its own reusable rocket. Successfully landed. Spacex only cash cow now have a solid competition from china. Tesla is already losing globally to byd, no reason to believe margins gonna improve there.
So if we assume they manage to build a fully rapidly reusable rocket and launch infrastructure (the latter of which is incredibly questionable), the only marginal cost increase is just labor to conduct the launches and consumables.
And the physics says more like 17 launches, but at the end of the day, that’s just how much it costs to send 200 tons to the moon, AND bring the rocket back. They’re not jettisoning stages or leaving the rocket behind in the moon like Apollo.
The numbers are mind boggling, and short of nuclear rockets and space elevators, there is literally no way to do this short of many, many, many tiny launches, and it’s way less risky to have those tiny launches refill a tanker in LEO than to send 20 launches to the moon independently. Plus there would be no way to send large pre assembled components like nuclear reactors and construction/manufacturing equipment. Everything would have to be manufactured and assembled on the moon.
No, no, no, now that you’re richer than God, sell everything NOW.
Il just repost that here…
Awww. Poor fuckwits bought into a nazi-run company.
I’m sorry they didn’t lose more.
But aren’t some of these guys fund managers with our retirement money?
What is this “retirement” you speak of.
Yeah that’s what I was thinking too… I’m scared to check my 401k.
What? Space Nutters have assured me that space investments return seven dollars for every dollar invested?
Just start asteroid mining and put a Starbucks on Mars to profit from both businesses!
I have no fucking idea of investing and knew it would go down quick, even the news said it since the company has no earnings, how the heck did they not? What were they thinking?
