Topic: SpaceX stock lost value today
Anonymous A started this discussion 1 month ago #135,664
Hmm…
boof joined in and replied with this 1 month ago, 1 hour later[^] [v] #1,441,631
what, no rocket jokes
Anonymous C joined in and replied with this 1 month ago, 3 hours later, 5 hours after the original post[^] [v] #1,441,634
Anonymous D joined in and replied with this 1 month ago, 3 hours later, 9 hours after the original post[^] [v] #1,441,645
I don't think it has, mate.
Anonymous E joined in and replied with this 1 month ago, 2 hours later, 11 hours after the original post[^] [v] #1,441,650
Perhaps no real profit until we establish Mars as a major place to...
Handsome Squidward joined in and replied with this 1 month ago, 6 hours later, 17 hours after the original post[^] [v] #1,441,695
Update: today is tomorrow. It lost value again.Handsome Squidward double-posted this 1 month ago, 1 minute later, 17 hours after the original post[^] [v] #1,441,696
Wait… it’s only $20 higher than its starting price. On google it says it started at $161, it peaked at $218 and it’s back down to $180.
Handsome Squidward triple-posted this 1 month ago, 36 seconds later, 17 hours after the original post[^] [v] #1,441,697
Handsome Squidward quadruple-posted this 1 month ago, 1 minute later, 17 hours after the original post[^] [v] #1,441,698
Wait was my intuition about the American stock market actually correct and it actually doesn’t make sense for a company that’s unprofitable billions of dollars in the hole to be worth trillions? That can’t be possible…
Handsome Squidward quintuple-posted this 1 month ago, 3 minutes later, 18 hours after the original post[^] [v] #1,441,699
Oh well, too bad you literally can’t short it so I wouldn’t have made money on this.
Handsome Squidward sextuple-posted this 1 month ago, 46 seconds later, 18 hours after the original post[^] [v] #1,441,700
Oh wait that’s not true you can short it…
Nah I’m not going to.
Nah I’m not going to.
Handsome Squidward septuple-posted this 1 month ago, 2 minutes later, 18 hours after the original post[^] [v] #1,441,701
You see, this is my problem, I’m so rational I never lose money.
Handsome Squidward octuple-posted this 1 month ago, 5 minutes later, 18 hours after the original post[^] [v] #1,441,702
My theory is the stock went up because people bought the stock because people thought people would buy the stock because they thought people would buy the stock because they thought people would buy the stock because it’s Elon. But with the intention of selling it when it goes out to cash in on the suckers. But then that made it go up, and so everybody sold, and then it went down.
That’s my theory anyway.
That’s my theory anyway.
Anonymous D replied with this 1 month ago, 4 hours later, 22 hours after the original post[^] [v] #1,441,720
Anonymous G joined in and replied with this 1 month ago, 3 days later, 4 days after the original post[^] [v] #1,442,263
Elon ruins Space X
Handsome Squidward joined in and replied with this 1 month ago, 1 hour later, 4 days after the original post[^] [v] #1,442,280
@1,441,720 (D)
I mean, it’s a pump and dump that is only possible because Elon Musk is so rich they changed the rules for him. Nobody can predict whether a stock will go up or down with 100% accuracy in normal circumstances. Being confident would be stupid. You know why they call them conmen? The con is short for confidence.
I mean, it’s a pump and dump that is only possible because Elon Musk is so rich they changed the rules for him. Nobody can predict whether a stock will go up or down with 100% accuracy in normal circumstances. Being confident would be stupid. You know why they call them conmen? The con is short for confidence.
boof replied with this 1 month ago, 1 minute later, 4 days after the original post[^] [v] #1,442,281
he's not even a good nazi rocketeer
Handsome Squidward replied with this 1 month ago, 4 minutes later, 4 days after the original post[^] [v] #1,442,284
@previous (boof)Oops! My suicide burn belly flop manure resulted in a rapid unscheduled disassembly. This is a success anyway because of rapid iteration.
Handsome Squidward double-posted this 1 month ago, 47 seconds later, 4 days after the original post[^] [v] #1,442,286
Uh-oh!Handsome Squidward triple-posted this 1 month ago, 17 seconds later, 4 days after the original post[^] [v] #1,442,287
Oh no! That was my favorite rocket!Handsome Squidward quadruple-posted this 1 month ago, 1 minute later, 4 days after the original post[^] [v] #1,442,288
Butter fingers!Handsome Squidward quintuple-posted this 1 month ago, 2 minutes later, 4 days after the original post[^] [v] #1,442,290
This is not a nuclear bomb, I know you can’t tell, but there’s a vaporized starship somewhere in that mushroom cloud.https://youtu.be/s4VlruVG81w
Handsome Squidward sextuple-posted this 1 month ago, 8 minutes later, 4 days after the original post[^] [v] #1,442,291
I hope this mushroom cloud being worth a trillion dollars isn’t a metaphor for something or foreshadowing for something at a societal level.
Handsome Squidward septuple-posted this 1 month ago, 1 minute later, 4 days after the original post[^] [v] #1,442,293
In America there’s this idea that money is real. So if you have a lot of money, you can make stuff happen.But then physics says…
Handsome Squidward octuple-posted this 1 month ago, 1 minute later, 4 days after the original post[^] [v] #1,442,294
Like all of us are completely clear that money is just a system of imaginary points we made up like a video game right? We’re all on the same page here?
Anonymous C replied with this 1 month ago, 8 hours later, 4 days after the original post[^] [v] #1,442,325
Anonymous I joined in and replied with this 1 month ago, 47 minutes later, 4 days after the original post[^] [v] #1,442,328
Anonymous I double-posted this 1 month ago, 3 minutes later, 4 days after the original post[^] [v] #1,442,330
@1,441,696 (Handsome Squidward)
The chart is misleading if we set to "lifetime" and that really annoys me. I had the same issue with cryptocurrency charts where they would say "see, it only lost XXX% over the lifetime," but the value hadn't really been set for a couple of days on IPO (or ICO on coins).
The chart is misleading if we set to "lifetime" and that really annoys me. I had the same issue with cryptocurrency charts where they would say "see, it only lost XXX% over the lifetime," but the value hadn't really been set for a couple of days on IPO (or ICO on coins).
Handsome Squidward joined in and replied with this 1 month ago, 50 minutes later, 4 days after the original post[^] [v] #1,442,335
@previous (I)
So far it’s gone down again today since markets opened after the Juneteenth weekend. The first trade on the NASDAQ was set at $150 for SpaceX, its back down into the $150s today. High 150s, but I wouldn’t be surprised if by the end of the week SpaceX actually drops into the $140s. Nothing is guaranteed, but it seems like the winning streak lasted 3 days.
So far it’s gone down again today since markets opened after the Juneteenth weekend. The first trade on the NASDAQ was set at $150 for SpaceX, its back down into the $150s today. High 150s, but I wouldn’t be surprised if by the end of the week SpaceX actually drops into the $140s. Nothing is guaranteed, but it seems like the winning streak lasted 3 days.
Handsome Squidward double-posted this 1 month ago, 1 minute later, 4 days after the original post[^] [v] #1,442,336
I get what you’re saying though, it cuts out the first couple of days which it wasn’t doing before… and on the max chart there aren’t enough data points. There’s probably some other website with better charts.
Handsome Squidward triple-posted this 1 month ago, 2 minutes later, 4 days after the original post[^] [v] #1,442,338
I kinda felt like this would happen though given SpaceX loses billions of dollars and its revenue is smaller than other companies that are valued at much less. Given the IPO was so large, investors don’t have an infinite amount of money and the stock can only go up if people invest more money into it. Investors probably didn’t run out of hype they probably literally just ran out of money they were willing to dump into it. I predict the same thing will happen to OpenAI and Anthropic. If you IPO at a trillion dollar valuation, you can’t reasonably expect to 10x that, a company can’t have a valuation on the same order of magnitude as the GDP of the United States. That obviously isn’t sustainable because you need Americans to actually put money into it to make it go up. At some point Americans will just run out of money to make it go up.
Handsome Squidward quadruple-posted this 1 month ago, 1 minute later, 4 days after the original post[^] [v] #1,442,339
And this is a rich country, it takes a long time, but we don’t have infinite money. I mean we can print infinite currency, but we don’t have infinite value. I feel like the SpaceX IPO was shady in the first place and they bent the rules for Musk, which should be illegal honestly.
Handsome Squidward quintuple-posted this 1 month ago, 2 minutes later, 4 days after the original post[^] [v] #1,442,342
I mean technically SpaceX said their total addressable market was the GDP of the United States, not that their stock price would go up that much, but either way it’s like… 100% of economic activity in America is never going to be just SpaceX, even if they have xAI or whatever, they don’t have majority market share in the first place even in AI, so even if AI was that big it’s not inherently going to be them.
Handsome Squidward sextuple-posted this 1 month ago, 6 minutes later, 4 days after the original post[^] [v] #1,442,344
Or if you can have a company with a valuation on the same order do magnitude as the US, it should probably be Apple or Google, or Nvidia or something. Something that actually makes billions of dollars in profit.