Minichan

Topic: SpaceX IPO

Mr. Bloody Lemonade started this discussion 1 month ago #135,538

I predict that the rich will get richer.

What do you think?

Rizz⚝Master joined in and replied with this 1 month ago, 6 minutes later[^] [v] #1,440,219

browns will still be retarded, and continue to grow more inbred.

Mr. Bloody Lemonade (OP) replied with this 1 month ago, 9 minutes later, 15 minutes after the original post[^] [v] #1,440,222

@previous (Rizz⚝Master)

> continue to grow more inbred.

Not physically possible. Also my parents are different races. If my parents are separated by tens of thousands of years of distance, I’m one of the least inbred people, but whatever.

Anonymous C joined in and replied with this 1 month ago, 1 minute later, 16 minutes after the original post[^] [v] #1,440,223

Dodgy behavior, passive investors forced into it, overwhelming Musk governance control. It should be delayed and investigated, especially after an earlier national security review found Chinese investment.

SpaceX makes the space economy work and has caused launch costs to plunge. It’s still money-losing and an record-setting IPO that doesn’t deserve leeway.

Mr. Bloody Lemonade (OP) replied with this 1 month ago, 5 minutes later, 21 minutes after the original post[^] [v] #1,440,225

@previous (C)
I completely agree. But I bet Elon Musk’s net worth is probably going to benefit from this regardless of whatever happens to his company or whoever invests in the IPO. Either that or somehow this crazy economy where one guy has wealth approaching the GDP of the continent he’s from turns out to be unsustainable and the economy explodes in a fiery ball of flames. Either way, it’s going to be interesting, and I’m gonna make some popcorn.

Mr. Bloody Lemonade (OP) double-posted this 1 month ago, 7 minutes later, 28 minutes after the original post[^] [v] #1,440,226

This is a tangent, but the continent of Africa, and the countries of India and China all have very similar numbers of people. Except China is much richer than India and India is a bit richer than Africa. Although, if you look back historically, it wasn’t that long ago in terms of decades when China had the GDP India has now and when India had the GDP Africa has now. I wonder about that sometimes if India will follow China when China’s demographics collapse and if Africa will follow India when India’s demographics collapse, because it looks like the demographics will collapse in that order and the order their birth rates fell seems to be the order they’re developing in.

(Edited 22 seconds later.)

Anonymous D joined in and replied with this 1 month ago, 11 hours later, 11 hours after the original post[^] [v] #1,440,282

@1,440,225 (Mr. Bloody Lemonade)

> I completely agree. But I bet Elon Musk’s net worth is probably going to benefit from this regardless of whatever happens to his company or whoever invests in the IPO. Either that or somehow this crazy economy where one guy has wealth approaching the GDP of the continent he’s from turns out to be unsustainable and the economy explodes in a fiery ball of flames. Either way, it’s going to be interesting, and I’m gonna make some popcorn.

The elites now operate in plain site and their avarice is boundless. This is a second Gilded Age, and it requires active societal participation. Don’t buy their products, demand regulatory enforcement. The mega-elites claim they’re job creators but they commit massive labor violations and wiggle out of it. Amazon warehouses have 150% annual employee turnover. The white collar side of these places is a snake pit, which doesn’t foster competitive advantage as much as it satisfies the Great Founder’s ego. Musk will fire people to assert himself, including top rocket scientists and brilliant engineers.

Fuck these guys.

Mr. Bloody Lemonade joined in and replied with this 1 month ago, 2 hours later, 14 hours after the original post[^] [v] #1,440,291

Update:

Today the stock started at $135 / share

It peaked at $176

As of now it’s at $163 and appears to be moving sideways


My guess is sometime in the next few months it will probably hit an all time high then never reach that level again. Could be totally wrong, but we’ll see.

Mr. Bloody Lemonade double-posted this 1 month ago, 1 minute later, 14 hours after the original post[^] [v] #1,440,292

All the articles are saying it went up 30%, all that was before noon, since noon it doesn’t seem like it’s really doing anything interesting. It’s just kinda moving sideways.

Mr. Bloody Lemonade triple-posted this 1 month ago, 2 minutes later, 14 hours after the original post[^] [v] #1,440,293

I guess, I thought it would go up at first, because it has to since people can buy it who couldn’t buy it before, so what else can it do? But it’s such a big IPO I sort of wonder where the money would have to come from in order for it to go up significantly. Especially once OpenAI and Anthropic also go public with giant IPOs… surely there aren’t just trillions of dollars lying around waiting to all be invested in 3 companies. And even if there are… is that smart from a risk perspective? 🤔

Mr. Bloody Lemonade quadruple-posted this 1 month ago, 49 seconds later, 14 hours after the original post[^] [v] #1,440,294

BTW not invested, just watching purely for entertainment.

Mr. Bloody Lemonade quintuple-posted this 1 month ago, 5 minutes later, 14 hours after the original post[^] [v] #1,440,295

It went down to $161 now… so I feel cautious to say it’s going down but…

I guess that’s also the thing. If people invest in the IPO because everybody thinks everybody else is going to invest in the IPO because Elon Musk has a cult of personality, a lot of people might just buy in with the hopes of selling before everybody else sells, but most people aren’t going to be successful at that, so I’d imagine in the next week there are probably going to be a bunch of social media posts of people bragging they got out early. That could also make the price go up really fast then go down really fast. Or maybe not, maybe it just goes sideways or in circles. Who knows! That’s what makes gambling fun… when you don’t have any money invested so it doesn’t affect you in any way other than being embarrassed for making the wrong prediction even though there’s a 50% chance you’re right because there are only two possibilities. It goes up or it goes down so it has nothing to do with being smart or not.

Anonymous F joined in and replied with this 1 month ago, 4 minutes later, 14 hours after the original post[^] [v] #1,440,297

@previous (Mr. Bloody Lemonade)

> It went down to $161 now… so I feel cautious to say it’s going down but…
>
> I guess that’s also the thing. If people invest in the IPO because everybody thinks everybody else is going to invest in the IPO because Elon Musk has a cult of personality, a lot of people might just buy in with the hopes of selling before everybody else sells, but most people aren’t going to be successful at that, so I’d imagine in the next week there are probably going to be a bunch of social media posts of people bragging they got out early. That could also make the price go up really fast then go down really fast. Or maybe not, maybe it just goes sideways or in circles. Who knows! That’s what makes gambling fun… when you don’t have any money invested so it doesn’t affect you in any way other than being embarrassed for making the wrong prediction even though there’s a 50% chance you’re right because there are only two possibilities. It goes up or it goes down so it has nothing to do with being smart or not.

I don’t understand the cult of personality. He’s never spoken in a way that shows that he’s particularly brilliant, cultured, or informed. I’m no fan of Peter Thiel, but he is an engaging and quotable speaker and an excellent writer. Musk is just good at disguising personal greed as uplifting humankind so he got a pass for years despite being a toxic shit poster and bigot and Epstein island traveler.

Mr. Bloody Lemonade joined in and replied with this 1 month ago, 12 minutes later, 14 hours after the original post[^] [v] #1,440,298

@previous (F)
I think for different people it’s for different reasons. He’s a white South African trillionaire so some people who are alt right probably like him. I think for most people though, as dumb as it sounds, it’s because Elon Musk says he wants to "expand the scope of consciousness in the universe" or whatever.

I mean, just look at his IPO filing.

https://www.sec.gov/Archives/edgar/data/1181412/000162828026036936/spaceexplorationtechnologi.htm

What’s the first thing you see? Pretty pictures of rockets and Mars. He figured out that investors invest based on what the future value of the company is so he invented something called "Elon time" which is claiming you’re going to invent some world changing technology next year every year. It’s sort of the opposite of what Apple does. Apple is very secretive about everything they haven’t done yet so it won’t damage their image, except for the Apple Intelligence thing which was dumb that’s the one time they didn’t do that.

Mr. Bloody Lemonade double-posted this 1 month ago, 3 minutes later, 14 hours after the original post[^] [v] #1,440,299

Don’t get me wrong, I think it’s completely possible to send humans to Mars, I just think Elon Musk wants to throw infinite amounts of money at the problem so somebody else figures it out, which probably won’t work. I said probably, not definitely. I think humanity will get to Mars, I’m just not convinced it’s going to be him. I mean, his iterative development strategy with Starship I think shows what his mentality is. They caught the booster once or twice but they kept iterating and now they can’t catch the booster anymore. So they’re just trying to frantically iterate and throw more money at the problem instead of coming up with an intelligent design. It sort of doesn’t matter how much money he has, physics doesn’t care about money.

Mr. Bloody Lemonade triple-posted this 1 month ago, 2 minutes later, 14 hours after the original post[^] [v] #1,440,300

My prediction is a government run space agency will probably beat him. Not necessarily our government.

Mr. Bloody Lemonade quadruple-posted this 1 month ago, 24 minutes later, 15 hours after the original post[^] [v] #1,440,304

Technically, I think Starship hasn’t actually ever reached orbit yet. Because when they launch it, it always lands in the Indian Ocean, but that’s less than one full rotation around the earth. Due to their design, it’s not actually clear if their rocket has the capability to get enough velocity to actually reach LEO. And then to leave LEO it would need refueling in space with cryogenic propellant (never done before). And then Mars has 1% the atmosphere of Earth, so to land on Mars you can only land propulsively, you can’t use a parachute for something with that much mass. So the fuel has to stay cryogenic while in direct sunlight for the entire multiple month long journey to Mars, then on Mars it has to refuel on Mars to launch from Mars to get back to Earth. Then they’re using liquid oxygen as an oxidizer and liquid methane as a propellant, the issue with that is the boiling point of oxygen is only half a degree C below than the freezing point of methane and the methane and oxygen are separated by a stainless steel common dome and steel is thermally conductive, so they have to keep the temperature in a very small range for months in space in direct sunlight to stop either the oxygen from getting a degree warmer causing the oxygen to boil or from getting a degree colder causing the methane to freeze.

Basically what I’m saying is they have a dumb design and throwing more money at it probably won’t fix that.

Anonymous F replied with this 1 month ago, 2 minutes later, 15 hours after the original post[^] [v] #1,440,305

@1,440,299 (Mr. Bloody Lemonade)

> Don’t get me wrong, I think it’s completely possible to send humans to Mars, I just think Elon Musk wants to throw infinite amounts of money at the problem so somebody else figures it out, which probably won’t work. I said probably, not definitely. I think humanity will get to Mars, I’m just not convinced it’s going to be him. I mean, his iterative development strategy with Starship I think shows what his mentality is. They caught the booster once or twice but they kept iterating and now they can’t catch the booster anymore. So they’re just trying to frantically iterate and throw more money at the problem instead of coming up with an intelligent design. It sort of doesn’t matter how much money he has, physics doesn’t care about money.

The problem is getting them back and sustaining human bodies in zero G for several years. A Mars colony would have enormous power requirements just to get 1G in the facilities so we don’t create alien midgets there.

Mr. Bloody Lemonade replied with this 1 month ago, 2 minutes later, 15 hours after the original post[^] [v] #1,440,306

And the methane can’t freeze, because if it freezes, you’re not going to land on Mars, you’re going to crash into it, and the oxygen can’t boil, because when it boils it expands, and it’s a confined space, so it will explode. And you’re spending months in the void in direct sunlight because there’s no night time when you’re not behind a planet.

Mr. Bloody Lemonade double-posted this 1 month ago, 5 minutes later, 15 hours after the original post[^] [v] #1,440,307

@1,440,305 (F)
I think the time it would take to travel to Mars, 0 G wouldn’t be that bad. I think Scott Kelly spent more than a year in space and he’s alive and everything. Living on Mars with 1/3rd Earth gravity, I think part of the problem is there’s not really any way we can simulate that on Earth for a sustained period of time, so we kinda don’t know what 1/3rd Earth gravity does to the human body. Venus has pretty close gravity to Earth though, but the only problem is it’s Venus. The funny thing about the ice giants though is they’re so big and they’re not very dense so apparently if you were at the cloud tops of Neptune the gravity would be about the same as on Earth. But the only problem is that it’s Neptune.
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