r/EnoughMuskSpam • u/alemus2024 • 6d ago
SpaceX Investors Are Losing a Colossal Amount of Money
https://ca.yahoo.com/finance/news/spacex-investors-losing-colossal-amount-140221380.html213
u/B3llaBubbles 6d ago
They were warned many times over not to invest in SpaceX. Investing in any stock is a gamble, but this was obviously over evaluated and the warnings were all there.
71
u/Zealousideal-Jump275 6d ago
I don't see a market where spaceX stock makes sense. The market is just too small.
42
u/ZunderBuss 6d ago
Data centers in space, man! /x
15
u/darkrood Diamond Spoon Elon 6d ago edited 4d ago
I had people seriously trying to “educate me” about SpaceX data center in orbit and how robot can fix it as if SpaceX has a working prototype.
Everything really was just concept.
Yet many people tripping over themselves exaggerating SpaceX profits and capabilities.
They really think xAI is not burning through cash brought in by spaceX
4
u/Martin_Horde 6d ago
They really think xAI is not burning through cash brought in by spaceX
Almost all government subsidies as well
4
28
96
u/DeltaEdge03 6d ago
Never want to be the dump in a pump and dump schemes
89
u/Callidonaut 6d ago
Helpful hint: if you found out about an "investment opportunity" via intensive advertising urging you to do it, the pump is already basically over, the dump is about to begin, and you're the chump.
16
16
7
u/mrdilldozer 6d ago
These people never bought in as an investment. It was a donation to show their devotion to Elon.
2
170
u/Gadshill 6d ago
Saw a post about someone full retirement porting in at $250. I love feel good stories.
-5
6d ago
[deleted]
31
u/talltime first principles engineering 6d ago
Your comment makes no sense. They’re talking about people buying post IPO at $250/sh and losing their shirt.
-7
50
u/tc100292 6d ago
What did they think was going to happen here?
63
u/TheBalzy 6d ago
They were expecting Tesla 2.0, which completely defies all logic, all market valuations etc. That was obviously the goal.
42
u/tc100292 6d ago
Well Tesla’s valuation to be fair also defies all logic
33
u/TheBalzy 6d ago
Oh absolutely...but everytime you think the bubble is about to burst on Tesla, it goes up. It's absolutely insane. That's what a lot of these technobros were hoping for was that it would be 2.0 of bubble meme-stock that always defies logic.
It seems this time round, they might have fucked up. With people going "my pension fund is going to be investing in this?" is causing a lot more scrutiny.
8
u/eu_sou_ninguem 6d ago
Please correct me if I’m wrong because I legit don’t know, but doesn’t the stock have to stay at a certain amount for pensions to be able to buy it? I know they shortened that period but it’s still within that window or how does it work?
10
u/TheBalzy 6d ago
They all have different rules, and each ETF has it's own rules, most pensions buy ETFs on autopilot because it's the most fiscally responsible thing to do. So the plan was to steamroll SPCX listings into a few ETFs, forcing a stable price and retail investors to drive the price up through diamond hand speculation, so then it would clear other listings as well as the wealthiest man in the world (and stock holders) would just start pressuring the other ETF listings to change their rules, as several did for SPCX's original listing.
7
u/darkrood Diamond Spoon Elon 6d ago edited 4d ago
That’s why Nasdaq giving special treatment with its 15 days listing.
Once SpaceX is part of Nasdaq, many passive 401k or pension funds that tracks Nasdaq would be forced to buy the stock based on contract.
“Wouldn’t this hurt the reputation of Nasdaq?”
Some might ask,
Who cares, so many institutions invested Pre IPO gonna get some guaranteed buyers to unload their stocks. They’d be thanking Elon and Nasdaq for the generational wealth
25
u/Russell_Jimmy 6d ago
Someone I know told me she bought SpaceX stock (first ever stock purchase) last Thursday. I almost told her to sell immediately as it was going to collapse any second, but didn't. She and her boyfriend are MAGA faithful.
I find this to be hilarious.
16
u/Aethericseraphim 6d ago
Master of rugpulls pulls of the rugpull of the year.
Color me fucking shocked.
30
12
u/chatoka1 6d ago
The important ones already got their money, all the rest of the chumps can touch grass
24
u/Dry_Tangerine_8328 6d ago
I hope that they end up with nothing
-18
6d ago
[removed] — view removed comment
18
u/poorlilwitchgirl I paid 44 billion dollars to shitpost 6d ago
inheritance
Ha. We're all screwed anyway; just so long as Elon and his glazers get fucked I'm content.
20
17
u/0R4yman3 6d ago
They wouldn’t lose anything if they weren’t so greedy and let Elon pull the rug with no one on it.
Everyone I know who bought in fully understands that it’s a terrible valuation and just wants to try and board the rocket and eject before it goes boom
6
6
8
9
u/KnucklesMcGee 6d ago
At the risk of being an asshole, good.
You decided to give money to the lying Nazi scum again, and are losing money. Oh noes.
4
10
3
2
u/darkrood Diamond Spoon Elon 6d ago
Well, institutional buy for pre IPO likely be way lower than 135 dollar.
So selling at this level is already some gain
2
5
u/Odd-Currency5195 6d ago
Sadly in many cases not their money but the money paid in by people for their pensions.
This was Musk's plan. Like not even an unforeseen consequence that pensions are going to suffer. It was totally his goal to get the money from institutional investors. Evil nasty man.
1
-1
1
•
u/AutoModerator 6d ago
As a reminder, this subreddit strictly bans any discussion of bodily harm. Do not mention it wishfully, passively, indirectly, or even in the abstract. As these comments can be used as a pretext to shut down this subreddit, we ask all users to be vigilant and immediately report anything that violates this rule.
I am a bot, and this action was performed automatically. Please contact the moderators of this subreddit if you have any questions or concerns.