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Who could have seen that coming?
this post was submitted on 22 Jun 2026
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I mean really, why bother learning from history, it's not that deep bro.
That's OK people buying stock in a near worthless company should have expected this.
its not near worthless but that stock setup is wack.
More than 90% of the value is because of AI, and XAI is shit. The XAI is so shit it will probably drag down the real value SpeceX has from rocket government contracts and Starlink.
So yes it is near worthless, and throwing 60 billion from the IPO out on Cursor, means most of the 80 billion they got is gone too.
yeah ai is going to wreck a lot of funds.
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It was a grift? gasp
Lol, I bought myself some puts and shorts on spacex
Honestly, if it was just SpaceX + Starlink as the IPO, I might be interested in picking some up. A healthy business is good business, especially when it is useful to society.
Grok is a poison pill, because it is a bad AI that isn't in a healthy place. Quite bluntly, Chinese offerings are superior to their American counterparts, because they aren't poisoned by bad economics and are very performant on local hardware. On top of that, the IPO is suspect because it circumvented the rules that were intended to protect investors from bad outcomes.
All in all, this thing stinks like hell, and Musk is a fish's head.
$154.60 is still massively inflated from what the actual value should be.
Which is somewhere near $20
Haha that's still to much. The value is based on XAI hype, and XAI is really next to worthless. They are doing everything after everybody else did it, and then they do it worse. It's so bad they have no customers, and instead sell their server capacity to other AI companies. And the value of that will diminish fast, as better and cheaper hardware is developed.
Assuming they stop bleeding money.
Nothing tax payer money can't fix. Somehow. Just you watch.
I mean, Tesla got a huge boost from the government, too, so....
Just wait until the nesting shares expire. It will crater.
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Don't panic ,its fine
Keep tumbling. Then fold Tesla and all his stupid other companies into it and bankrupt it all.
Fuck musk and anyone that supports this filthy grifting pile of limp dicked shit that resembles a human being.
Nationalize it.
Don't bother, snipe the talent that is actually competent and let the sites rot. Then give Nasa the resources to build their own manufacturing capacity.
You missed the change to add the qualifier "Nazi" to that, so let me correct that real quick: Fuck Musk and anyone that supports that Nazi.
It's honestly too early to say SpaceX will fail. I hope it does poorly enough that they remove Elon, but realistically that will never happen.
When he offered to buy Twitter for a massive amount everyone thought he was an idiot who was wasting his money, and we all know how that turned out. Even in spite of the AI bullshit SpaceX is hiding, I'd say there is a chance they fluke through it and end up massively positive.
They can't remove him, he owns the majority of voting shares.
They would need to do multiple more offerings to dwindle that down, and id be shocked if he ever gave up enough shares to be at risk.
They are one of a few that can put stuff in low orbit.
And one of 2 that can get to higher orbits.
They will have plenty of launches.
Lol, lmao even
Oh no, how terrible for them.
I super duperydo hope the people that supported the Nazi trillionaire Elon Skum get their money back!!!
The overwhelming majority of individuals in the US with 401ks were forced to buy SpaceX stocks through target date funds, mutual funds, and indexes, because 8 different funds have >10% of their entire stock as SpaceX, and 4 of those have >20% of their stock as SpaceX. This was all a fucking grift and Americans who have done what they were supposed to by saving will pay the price. Fuck Elon Musk sideways, I will pop a bottle of champange when he dies and celebrate it as a yearly holiday.
Pretty sure that date to buy has not happened yet. It wasnt a day 1 thing, it was something like inclusion after 15 days.
People are trying to front run it, to make profit when it happens.
Edit
https://finance.yahoo.com/markets/stocks/articles/spcx-etfs-index-funds-buy-050100941.html
Hasn't happened yet.
Thank jeebus that the S&P decided to maintain sanity and not change their standards to allow them in the index early. Shame that target date funds bought into the hype.
Yeah, I too will buy and pop a bottle of champagne if Elon muskrat dies
this is what scares me. those funds have to have a clause to not buy anything that does not use a traditional stock setup of voting common stock and at most the premium stock that can't vote although im not sure preferd stock should have ever been a thing.
Joke's on them, I can't afford to save for retirement
Oh... who could've possibly seen that coming?!
It's almost as if the price was artificially pumped and the stocks are now being dumped in order to take advantage of the unscrupulous...
People bought a space stock and found out it was just so Elon could pay off the loans he took out to buy Twitter
I am once again reminded that Elon Musk literally said that if Trump didn’t win the election, that he would be going to prison. I think Enron will have been a smaller scandal than what is now unfolding
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I mean, wasn't this the plan all along? Makia bunch of theoretical money off the IPO and just fuck you if you were foolish enough to waste your money buying in?
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Rug pull for the Elon buddies
lmao. literally everyone that explicitly bought this stock to ride the wave deserves this. everyone who’s 401k os tethered to this stock doesn’t.
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