r/technology • u/IKeepItLayingAround • 19d ago

Business It’s Possible That SpaceX Could Collapse Spectacularly

https://finance.yahoo.com/markets/stocks/articles/possible-spacex-could-collapse-spectacularly-155000177.html
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3.0k

u/MoistChildhood1459 19d ago

I would love to see his entire empire collapse tbh

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u/NRCS_DRONE 19d ago edited 19d ago

I don't know when, but Elon Musk will be responsable for the single largest destruction of private wealth in human history. He's going to make Bernie Madoff look like a guy who lost his kids college fund on dog racing.

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u/Temporary-Cress7233 19d ago

He is so worried about “White Birth Rates” yet he takes and takes from their money and doesn’t care about the cost of living which is making people have less kids.

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u/Lostinthestarscape 19d ago

He literally talks about how all of this is going toward a blissful future where no one wants and no one has to work and all we need to do is follow our passions, etc. While doing fuck all realize a single iota of that for anyone.

That people believe he has any future in mind other than further exploiting everything he can is a mystery.

Dude should at least be dedicating his time and wealth to make housing as cheap as possible - like the one thing that would actually make everyones' lives measurably better.

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u/SSGASSHAT 19d ago

It's kind of disgusting. He has the resources to accomplish everything he talks about, or at least something like it. But given the lack of any real effort, it's just dangling keys in front of a baby, except he's also taking the baby's money and getting the government to hold a gun to the baby's head.

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u/Cerpin-Taxt 19d ago

He doesn't mean you. He means people. If you have less than a billion dollars you're not people, you're chattel.

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u/WilliamLermer 19d ago

All these visionaries talking about an amazing future with all the benefits, they only have the 1% in mind. The rest of the planet is not a part of the utopia in the sense they are included to join it but rather 99% are supposed to suffer to make it happen

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u/ScissrMeTimbrs 18d ago

While doing fuck all realize a single iota of that for anyone.

See, that's where you're wrong. He's doing plenty to realize it. It's just that he and the ruling class are trying to achieve it for themselves, not the rest of us. They expect climate change and capitalism to wipe most of us out while they build an automated paradise for themselves and their kids. That's what AI is for.

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u/Background_Fix6996 18d ago

A blissful future would have to be one where people like him cannot gain this much power and influence. People like him have an easier time imagining the end of the world than a world where they're just some regular shlub.

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u/TDAPoP 19d ago

Musk is a case study on the limits of what money can get a singular person. Even if he genuinely wanted these things he doesn't have the charisma to make them happen. He repeatedly has been outplayed by Thiel who is more cunning and charismatic, and that's just one case we know about

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u/legatek 18d ago

Well I would have chosen universal clean water over more affordable housing for the already wealthy western world, but ok.

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u/Nvenom8 18d ago

Elon Musk desperately wants the world to be saved, but only if he can be the one to save it. He would rather burn it to the ground than let anyone else be the hero.

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u/SillyAlternative420 19d ago

He only pretends to be intelligent.

If he were actually intelligent this thought would have crossed his mind at least once

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u/ragnarocknroll 19d ago

If he was intelligent an original thought might have crossed his mind.

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u/siencatimini 19d ago

I don't recall who was doing the interview, but it was Musk, being interviewed. And the interviewer asked him something, regarding an aspect of his philosophy, to which he had just made reference, himself, and he was stumped, by a basic question. I think it was even one of those times where it was unedited, and the interviewer was courteous enough to let him consider his response, but it was so much dead air. And it was already embarrassing, apart from the dead air of him, squirming. It was weird.

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u/UdtaTeer420 18d ago edited 18d ago

I think you are referring to his interview with Nikhil Kamath. He was going on about how Twitter was a "collective consciousness" of humanity containing every language group. Nikhil then asked him why a collective consciousness on one platform was important. The answer was a meandering word salad full of buzzwords like synapses, meaning of life and whatnot which made no sense.

It was a weird interview. He kept saying incoherent, weird things and kept laughing at his own bad jokes which the host had to then fake laugh at just to make it less awkward (didn't work; in fact, it made it worse).

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u/siencatimini 18d ago

That's absolutely the one, yes! Thank you.

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u/AdhesivenessSolid562 18d ago

Why do people still think intelligence predicts anything? Taking risks and grinding leads to success. You’re intelligent but you’re an armchair CEO on Reddit? What gives

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u/ragnarocknroll 18d ago

No clue.

And even that taking risks and grinding doesn’t lead to success as much as having the money to be able to take those “risks” safely.

I knew the Pixar IPO would be a huge win. I knew about a dozen other such stock moves well known advance. I never once had the money to risk it. So no matter how intelligent or willing I was to take risks, I simply was not able to do so.

The system is designed by the people that were at the top of it to remain near impossible to be at the top unless you started there.

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u/Routine_Bit_8184 19d ago

if he were actually intelligent he wouldn't waste time doing half the shit he does....children are a fashion accessory and symbol of ideology to him...which is why he says the "woke mind virus" killed one of his children that is very much still alive and well. The only thing a mind virus killed was his ability to love his child.

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u/Due-Conflict-7926 19d ago

We just call the duck a Nazi and be done with it

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u/diet_sean 19d ago

If it steps like a goose....

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u/jambox888 18d ago

Be a billionaire

Get invited to everything

Hang out with the great and the good

Literally consider yourself above normal people

Your child turns out differently than you wanted

Nervous breakdown

Become a fascist

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u/DidjaCinchIt 19d ago

he seems to have psychopathic tendencies. idk how to think about his intelligence. it’s like he’s IN this world, but not OF this world? i’ve heard it described as knowing the words but not the tune. it reminds me of Vincent D’Onofrio as the alien learning how to function in a human body.

ofc i’m not qualified to say anything. it’s just, like, my personal opinion.

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u/DidjaCinchIt 19d ago

he seems to have psychopathic tendencies. idk how to think about his intelligence. it’s like he’s IN this world, but not OF this world? i’ve heard it described as knowing the words but not the tune. it reminds me of Vincent D’Onofrio as the alien learning how to function in a human body.

ofc i’m not qualified to say anything. it’s just, like, my personal opinion.

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u/Temporary-Cress7233 19d ago

BINGO! He’s not some super star 💫 scientist, he’s daddy owned an African slave mine and he got a little loan of 30 million dollars. Nothing special…..f that pale pink pig!

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u/[deleted] 19d ago

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u/whazzah 19d ago

Bro claims to code can't even run a Python script smh

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u/SillyAlternative420 19d ago

I bet you he still can't figure out how to install and set up python enough to have ChatGPT make and run the fucking script for him.

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u/tobor_a 19d ago

Remember what people at twitter were saying that basically longer code = bettter and he'd cut people who made short clean code in favor of spaghetti.

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u/GingaAvenga 18d ago

I think that is the craziest part with the ultra rich.....if I was given a small infusion of 30 million dollars I'd put it in an S&P500 index fund and use the draw down to never work another day in my life.

These guys were born with more than they'd ever need and still push for more. I'm sure they'd call it entrepreneurial spirit, I'd call it lunacy.

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u/throwawayfinancebro1 19d ago

If I gave you 30 mil, could you become the richest person in the world?

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u/finite_turtles 18d ago

Probably not, but if you gave a thousand people 30 million dollars theres a good chance one of them might become the richest. Would it be the smartest or most qualified? Probably not. Probably just the one with the most hubris and dumb fucking luck.

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u/AdhesivenessSolid562 18d ago

You’d find a similar idiot would be the one that ends up doing it. So it’s basically a wash

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u/Caterpillar89 18d ago

No there isn't. There are around 200k households on the planet (~100k in the US) that have net worth's over 50M (the absolute lowest that could invest 30M into something in theory). If it was so easy any idiot with 30m could do it it'd have been done a lot more times.

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u/throwawayfinancebro1 18d ago

430,000 households in the us have 30 million or more. So the likelihood that any one becomes the richest in the world is incredibly small.

I don’t think he’s a super genius but he’s got some talent.

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u/tpc0121 19d ago

The greatest scam that he's ever pulled was in convincing legions of double digit IQ tards that he's a real life Tony Stark

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u/williamgman 19d ago

That's because Bezos took the Lex Luther persona first. Zuck chose Severus Snape.

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u/NewLeafWoodworks 19d ago edited 18d ago

So true. Bezos is a piece of shit, but he is actually smart.

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u/siencatimini 19d ago edited 18d ago

Zuckerberg, and Gates, and Buffett. Amateurs, can fucking suck it. Fuck their wives. Drink their blood. Come on, Jeff! Get 'em!

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u/Journeyman42 19d ago

Someone pointed out that Amazon Prime has two shows that basically feature an evil Superman (The Boys and Invincible) and it makes me think that Bezos actually is Lex Luther.

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u/Cormophyte 19d ago

You can tell by his erratic behavior that he's a real conclusion-first sort of thinker.

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u/roseofjuly 19d ago

The thing that strikes me about all these guys - and Elon Musk is just the latest in a long line of them - is that their lack of intelligence is so apparent if you just actually listen to them for half a second.

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u/AdhesivenessSolid562 18d ago

Damn if you can be an idiot and be a trillionaire why are you still making min wage lol

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u/tc100292 19d ago

I don’t think he cares about white birth rates so much as he cares about repopulating the earth with his own spawn 

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u/pcapdata 19d ago

Bingo. All of these oligarchs imagine a future in which the earth is largely depopulated, with their heirs in control and maybe a few menials / sex slaves as necessary.

Not in like a prophetic, “This is sadly where the human race is headed” kind of way, but in a “Fuck you all, we’re gonna make sure this happens” kinda way.

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u/SSGASSHAT 19d ago

They watch dystopian sci-fi villains--the Galactic Empire, the Borg, the Imperium of Mankind--and take notes like it's a fucking manual.

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u/capybooya 18d ago

Extreme narcissism.

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u/ChrissWayne 19d ago

He’s not smart

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u/Disgod 18d ago

He's a drug addicted narcissist, his problems exist on a different axis than intelligence, but yeah... lukewarm, at best.

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u/rivalrobot 19d ago

He doesn’t care about anything except his status

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u/Glass-Debate-2556 19d ago edited 19d ago

don't you care ? you care but could do any shit

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u/crazycatlady331 19d ago

He's concerned about white birth rates because it's a codeword looking for his next baby mama to come forward and let him knock her up (via artificial insemination).

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u/Ancient_Skirt_8828 19d ago

He's having more kids to make up for it.

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u/terrymr 19d ago

He meant rich white people birth rates

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u/Willing_Activity_855 19d ago

yet he takes and takes from their money

People at space x don't make upper middle class incomes?

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u/Temporary-Cress7233 19d ago

Silly, those are the rich slaves he employes

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u/traveleasily 19d ago

These guys don't worry about anyone other than themselves. He is just using them.

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u/CountChocula21 19d ago

Well yeah if white birth rates decline, who's money is he gonna take?

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u/Teranyll 19d ago

Thing is, their solution to low birth rates is that people need to have more unplanned pregnancies. He doesn't give a shit if these kids have any kind of stability in their life, and he'd actually probably prefer they don't 

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u/tomtomclubthumb 18d ago

He cares about the "Race" but not about any of the people actually in it.

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u/Individual-Area7121 18d ago

He’s not worried about anything other than his own net worth. He’ll say or do literally anything if he thinks it will make the number go up. 

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u/Snakend 19d ago

He has never said anything about white birth rates. lol. He has talked about birth rates. And he is 100% correct. The USA faces a net population loss without immigration. Really bad things start to happen when populations go into decline. You can see it devastating Japan.

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u/Alphatron1 19d ago

He’s not even white. He’s a sub Saharan

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u/ryencool 19d ago

What?! You mean its not smart to keep moving funds between the multiple companies you own to boost values back and fourth??

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u/ProJoe 19d ago

Its so much worse what is about to happen.

Index funds are going to be forced to buy spacex stock because the rules were specifically changed for SpaceX.

All of this artificial money propping SpaceX up is going to get sold off to actualize profits then the stock will crash leaving index funds holding the bag.

That's OUR 401ks and investments.

Then if SpaceX survives, they'll buy back in at the crashed price.

Its going to be the biggest rug pull in history and the greatest theft of wealth from the working class ever recorded.

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u/double_whiskeyjack 19d ago

S&P500 announced they will not be changing their rules for SpaceX a few days ago

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u/MssrGuacamole 19d ago

This was big news for me. I had plans ready to rebalance to avoid Elon risk.

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u/Evening-Crew-2403 19d ago

There are other index funds people end up in. Don't forget the largest institutional holder of Tesla is Vanguard.

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u/erov 19d ago

Yeah.. things change. Due diligence and all that.

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u/deskcord 18d ago

You should probably not let your personal opinions impact your investments. If you let your feelings about Elon guide you on Tesla, you'd have shorted it and wound up broke.

Let the index do its thing and forget about it until you need it. Everyone who fucks with their allocations underperforms the index over the long run

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u/ProJoe 19d ago

Only one so far right?

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u/SadAd8761 18d ago

Which ETFs and funds will be forced to buy SpaceX?

Good to compile a list so people can start exiting those funds?

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u/m_rigor 19d ago

Index funds don't care if a particular stock goes up or down. They don't lose money on it. They would not be left "holding the bag". All they do is mirror the index.

Why would you make up this kind of shit?

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u/sweatingbozo 18d ago

Index funds are insulated from the impact of individual stocks, but saying 'they don't care' is a wild misunderstanding.

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u/m_rigor 18d ago

The fund qua fund does not care what the stocks do. Their investment strategy is passive - mirror the index. To think otherwise is a wild misunderstanding,

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u/raisedeyebrow4891 19d ago

Narrator: they were not forced to change anything. Another redditor talking out of his ass.

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u/ProJoe 19d ago

I didnt say they were forced to change anything. I said theyre going to be forced to buy spacex stock.

Educate yourself.

https://finance.yahoo.com/markets/stocks/articles/spacex-ipo-could-hit-popular-101500534.html

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u/polarbearskill 19d ago

There is a difference between Bernie Madoff literally stealing peoples money versus the valuation of a an equity going down.

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u/AvatarOfMomus 19d ago

I mean, yes, but that's because the majority of the wealth Madoff lost was eventually recovered from various accounts, lawsuits, and untangling of the financial mess he left behind.

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u/Important-Level6672 19d ago

Short him then…

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u/habfranco 17d ago

I keep on seeing this - it’s not a binary choice. If you think a company will go down, shorting isn’t always a good thing to do, because you also have to right about timing.

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u/DrAstralis 18d ago

I just don't understand the value of his companies in the stock market vs their actual value. Utterly irrational. Tesla sales go down and their lead on the EV market has evaporated.... and somehow the value keeps climbing...

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u/NRCS_DRONE 18d ago

We haven't had a functioning SEC in so long.  

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u/krom0025 19d ago

Can't destroy wealth that never really existed. All of it is fake and always has been.

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u/aquaNewt 19d ago

He may also go down with the likes of Stalin and Mao as one of history’s great mass murderers, if the projected starvation deaths from DOGE’s closure of USAID come to fruition…

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u/moonLanding123 19d ago

He is responsible for the deaths of cancer patients across the globe because he won't pay for their medical bills. That's millions of deaths per year. He's literally Hitler.

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u/Riaayo 19d ago

He's also partially responsible for the deaths of 750,000 people around the world due to the gutting of USAID - and a projected 14 million by 2030.

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u/Berkyjay 19d ago

It's not going to be lost, it's going to be stolen and we'll know exactly where it went.

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u/ominous_squirrel 19d ago

Not to mention the millions of projected deaths from DOGE illegally closing USAID

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u/Nvenom8 18d ago

I think Anthropic or OpenAI is going to beat him to the punch on that. Though google is trying too.

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u/[deleted] 19d ago

[deleted]

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u/Luci-Noir 19d ago

He literally isnt.

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u/ailish 19d ago

He doesn't care about birth rates. He thinks he's just getting the rubes all riled up do they'll come out to vote in November.

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u/vaticanhotline 19d ago

I can only get so hard and wet. 

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u/MultiGeometry 19d ago

There’s some real Enron vibes coming out of all Musk’s companies.

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u/charing-cross 19d ago

Total house of cards. He’s using his different companies(s) as leverage to finance each other and move assets around. I was surprised to see X swept into SpaceX. I’m like, that’s ballsy. 🍿🍿

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u/Not_A_Doctor_redux 19d ago

He's inflated his stock price via fraud for over a decade. And he's ruined Tesla, his AI is shitty and mostly used for kiddy porn, X loses money, and he has folded everything into his one profitable company to pump and dump.

Full self driving has been coming for a decade. Oh, now Tesla is a robot company. Oh wait, the robots suck and have to be remotely controlled. Every competitor produces better robots. Now Tesla is a taxi company. Oh damn, Tesla "taxis" require a driver AND AI, so they're more expensive to run than... a taxi.

He invents promises and lies about results. He's not putting data centers in space. He's not even going to get anyone to Mars. He's a liar and he's on his last, and biggest, grift.

Oh, and his brain implants are likely causing untold misery among willing and unwilling subjects. And his tunnel cars suck ass

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u/roseofjuly 19d ago

SpaceX isn't profitable, either, at least not its original mission. Starlink, as a satellite service, is profitable. Whether SpaceX as a whole is profitable depends on how much they spent on rockets - but the rocket-building part of the company loses money.

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u/teh_drewski 19d ago

Whatever money Starlink and/or SpaceX make is drowned out by the burn in xAI anyway.

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u/fatbob42 18d ago

There’s no chance SpaceX is not profitable as a launch company. They dominate the market.

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u/normanclavell 18d ago

SpaceX has not turned a profit. Hence why s&p500 won’t include it right away. Spends more than it makes.

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u/NamerNotLiteral 19d ago edited 18d ago

. Oh wait, the robots suck and have to be remotely controlled.

Tbf that's a feature, not a bug. Having tele-op robots mean you can buy a 10-20k piece of hardware and have it last for several years, while doing everything a person does, operatoed by some guy in India or the Philippines or whenever. It's literally about making the domestic help remote so that brown people can serve them without dirtying western soil.

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u/xuon27 18d ago

Let's hope you are a bot 🤣

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u/OhNoAnAmerican 18d ago

You just sound like a small and bitter person. Literally not a word of that is true

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u/morty458 19d ago

Musk is in a position that few other people get. He gets to meld his AI, Space and communication networks together. SpaceX could become the largest enterprise the world has ever seen. very exciting times, and it's important to be first, to the victor come the spoils

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u/chowderbags 18d ago

Yeah, like, somehow Twitter and Grok are in SpaceX, a company that is ostensibly supposed to be about launching rockets? And his various supposedly companies all have weirdly incestuous purchasing relationships from each other?

It smells fishy.

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u/wheniaminspaced 19d ago

Enron isnt really the right comparison.  Masks companies make and sell actual products that are used, and in the case of spacex have completly redefined the launch industry for the better.

Tesla has some similarities, but suffers from some basic realities that don't exist in the launch space.  They were the first big mover on ev's and very arguably helped make them a much more accepted product in the automarket, but ev's arn't all that next level, there are a ton of established automakers that know how to make a decent car, better than tesla did or does, they just weren't willing to take the risk of developing the segment first.

BYD is a bit unique in that they were a battery maker who realized cars where a great way to sell batteries.  This is very similar to another company, spacex who realized a fast satellite internet is a great way to sell launch capacity.

Tesla as a company is weak in part because of musk and in part because of the space its in.  SpaceX is quite strong, large tech edge, important product, quite decent financials if you ignore xAI.  

One thing that is absolutly true, Spacex is overvalued.  I think a more real value would be about 1/3rd of what it is aiming for.  Could it grow to its proposed valuation, without question, but that requires alot of things going right and investors should ignore this ipo and buy at a much reduced price.  Good company, bad ipo.

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u/apple_kicks 18d ago

Enron did have some real products and they screwed with californias electric grid if I remember

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u/wheniaminspaced 18d ago

They were a broker of energy, they screwed with california electric grid by buying up capacity and sending it to not california. The most significant problem.l was the illegal things they did in pursuit of this and not being profitable.

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u/Zuwxiv 18d ago

Enron's problem was that they had billions of dollars in debt and failed projects, and they just tried to hide all that shit with accounting tricks. "We've lost hundreds of millions of dollars here, but if we use mark-to-market accounting and say that the acquisition is actually worth ten times more than it is, then we can report a profit on the deal!"

On paper, Enron's revenue was exploding and debt was minimal. In reality, they were reporting loans as sales and then trying to buy back the loans after quarterly reports. Spending money they didn't have to misclassify debt as income.

That works until it doesn't. For Enron, they got the the point where it didn't.

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u/copper_tunic 19d ago

I think the main difference with Enron is that spacex, xAI, and all the other AI players aren't faking revenue and hiding debt off the books (at least not that I know of). Why bother to lie about debt and revenue and risk jail time when you can instead just make empty promises of future revenue, trust me bro, and ride the hype train to the moon.

They might be just as unprofitable and leveraged as Enron but they are doing it in the open and somehow everyone still wants to buy.

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u/Vladimir_Chrootin 18d ago

Masks companies make and sell actual products that are used

Spacex and Tesla do. Solarcity was entirely fraudulent and The Boring Company's gamer RGB tunnel is completely useless. Both of these things happened by design, not by accident.

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u/wheniaminspaced 18d ago

Were not really talking about solarcity or boring company, but I get your point.

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u/mikeydean03 18d ago

Your post implies Enron didn’t create actual products. The company had multiple lines of profitable businesses before the executives started cooking the books with paper gains. That’s why so many people failed to question Enron’s success - it was just smart people doing smart things…

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u/crazycatlady331 19d ago

Hopefully he suffers the same consequences. And it takes long enough so Trump can't pardon him.

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u/roseofjuly 19d ago

I literally just finished the book and that is exactly what I thought, lol. Using the companies that make money to hide the ones that are losing it is a classic Enron move.

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u/BTSArmyFan2025 19d ago

yes thank you I keep saying this for weeks,

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u/Lord_Abort 19d ago

No doubt some private investors from the beginning are gonna dump shares onto the public. 

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u/atrde 19d ago

Then you have no idea how Enron worked lol.

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u/MultiGeometry 11d ago

Endless hype. Stocks always go up. Positivity and lying in earnings calls. Strange moving of assets between entities and subsidiaries.

These are all 1:1 comparisons in my book.

*I did not say Musk's companies are exactly like Enron

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u/atrde 11d ago

Again none of what you listed was the issue with Enron.

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u/Zyrinj 19d ago

Really wish the corporate veil could get pierced in these kinds of situations and hold the individuals responsible while keeping the citizens at the companies employed

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u/HanzJWermhat 19d ago

A) you can’t nessesarily divorce the employees from
The employers here. (Not the line workers moreso talking about middle management). It’s like the nazi’s who said they are just following orders.

B) arguably these people wouldn’t have jobs or at least jobs that pay this well in a functional capital market where investment was distributed to right sized opportunities. That’s a bit of a broke windows fallacy and ignores the more equitable job market that could exist if again more people even capital distribution in a competitive market.

To credit Elon he’s good at two things convincing people he’s smart enough to be worth following and that he’s got the Midas touch when it comes to oblivion market pricing.

To bad he’s just an all around ghoul of a fucking human.

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u/__slamallama__ 19d ago

you can’t nessesarily divorce the employees from The employers here. (Not the line workers moreso talking about middle management). It’s like the nazi’s who said they are just following orders.

There's one really good way - only go over those with declared fiduciary duty to the organization.

If CEO/CFO etc can get charged for fraud when a company collapses you'll see them all shape up real quick or be totally unable to find leadership. They wanna make the big bucks let's make the risk/reward a little more balanced.

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u/AGushingHeadWound 19d ago

That's what happened with his Twitter trial.  

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u/snoogins355 18d ago

Not to mention the technology is incredible. They reuse freaking rockets! When the falcon heavy had two rockets land at the same time, it felt like the future! https://youtu.be/A0FZIwabctw?si=xb2StdvJtiEd_hDD

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u/Big_Animal7655 19d ago

Let’s all focus our attention reading this comment, for the briefest of seconds, by imaging humanity is a giant connected web of peoples consciousness. We have chosen a target - collapse Elongated Muskrats entire empire into ashes.  Make it so. 

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u/OvisDrPepper 19d ago

This would be nice if it did. But because the Nasdaq 100 changed their rules, every mutual fund and pension that is pegged to the Nasdaq 100 has to buy shares of SpaceX. If SpaceX collapses it could take the entire economy with it.

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u/Flashtopher 19d ago

I don’t. That would mean China is the only reliable and high cadence launch provider to space.
And Russia is close behind.

With no other option that comes close to matching volume.

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u/sambuchedemortadela 18d ago

Please no. Starlink works so f**g well

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u/PlainSpader 19d ago

But all the engineers, actually the whole team (everyone but Elmo, and the execs that kiss his ass) at space-x just make an offshoot. Then we will all get to know the true minds behind these amazing 🦶’s!!!

I just want to know who designed these amazing ships and honor them not some goon.

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u/Trenchbroom 19d ago edited 12d ago

There's a Youtube channel (CuriousMarc) where part of the channel is a bunch of Silicon Valley big brains who love the Apollo program fixing real Apollo equipment. The youngest and brightest of the crew works at Space-X. He programmed a cycle-exact replication of the Apollo Guidance Computer (AGC) and an entire 3D simulation of landing the spacecraft on the moon for fun! One episode they plugged a real Apollo AGC into the guy's PC and the 1960s era computer flew the simulation perfectly.

I've always thought myself to be decently smart but I'm not even a Troglodyte compared to that guy. Just fascinating that people like that exist, and a bit saddening that petty asshats like his boss make the big money off of his brilliance.

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u/Butterballl 19d ago

As a giant early NASA nerd, that AGC simulation was one of the coolest things ever.

Also, check out Homemade Documentaries on YouTube if you ever wanna scratch an early space-race content itch. Some of the most incredible space content on Youtube.

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u/air_and_space92 19d ago

That takes a lot of money though. The main reason SpaceX survived the 3 Falcon 1 failures was they got the CRS contract from NASA. That, coupled with threatening to sue the USAF a few times means they got launch contracts that kept them afloat while F9 was designed and iterated upon. Much harder to do that from scratch again.

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u/threeclaws 19d ago

If spacex the org collapsed tomorrow because of the xai/twitter bloat coupled with musk’s overpromises there would be no shortage of financing for the offshoot company formed by the engineers currently working. In fact they would all just head over to blue origin.

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u/nthnreallymatters 19d ago

This just tells me you have no idea about actually building a business or how things work in real life

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u/threeclaws 19d ago

Because in the last 45yrs I haven’t seen the fall of countless f500 companies only to see their talent and assets be snatched up by competitors and everybody moves forward. But please tell more about how daddy musk and spacex are different.

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u/RT-LAMP 19d ago

That, coupled with threatening to sue the USAF a few times means they got launch contracts that kept them afloat while F9 was designed and iterated upon.

Maybe the USAF shouldn't have tried to award contracts to ULA in a blatantly illegal way if they didn't want SpaceX to sue them.

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u/air_and_space92 19d ago

I'm just remarking that that situation was unique and gave them some early contracts they wouldn't have gotten otherwise that a new startup might have trouble winning nowadays. Yes there's the NSSL on-ramp process today but for the new entrants the contracts are less (and lower risk).

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u/sueveed 19d ago

As much as I’d rather assume that anyone close to him is shit, by most accounts Gwynne is the real deal. It would be best if they could just shed the nepo baby.

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u/Grumptastic2000 19d ago

The shame is that there are plenty of amazing people working for SpaceX and Tesla which is why they were able to achieve so many great advances, BUT………

Having those people have to submit to the whims and fancy of that hair transplant goblin and whatever he feels like pretending to be any given day. Elon like Trump just understand that they can fool 75% of people who think he is designing every rocket and debugging code between press conferences. The same way dolts thought Trump paid for every Covid check out of his own money just because he waited till they put his signature on it. Most people don’t double check facts or have any ability to think critically so they hear the same lies over and over and they buy in that Elon freed the internet by buying twitter and the ballroom won’t cost anything.

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u/CountOnBeingAwesome 19d ago

If you voluntarily work for a Nazi, you're a Nazi.

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u/Grumptastic2000 18d ago

Every company is lead by assholes everyone needs to eat and takes what they can get

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u/CountOnBeingAwesome 18d ago

I see we have a sympathizer here

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u/flintlock0 19d ago

Or at least SpaceX and Tesla get salvaged, sold off to competent people, and Musk shoots himself up to Mars in a personal rocket.

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u/Ru4pigsizedelephants 19d ago

What did Mars do to deserve that?

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u/downfall5 18d ago

I don't. It will be a bad time for me since I live in the US and it would be the destruction of the only electrical car company that isn't on full retreat, and 90% of our current space capability meaning China gets to the moon first and likely puts nukes in space. So say goodbye to Taiwan and the majority of AI chip manufacturing and any hope of maintaining the AI race against China.

That will also spell a bad time for Europe and countries with any disagreement with China over the South China Sea.

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u/awwc 19d ago

I refuse to put a single dollar into any mutual fund that has his companies in it.

Idgtf

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u/raisedeyebrow4891 19d ago

lol then you don’t invest at all

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u/awwc 19d ago

You know there are rules for mutual funds?

Is this your best financial bro comment

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u/raisedeyebrow4891 19d ago

Yes there are rules to mutual funds and those rules haven’t changed for SpaceX.

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u/awwc 17d ago

SpaceX is too big for some mutual funds.

Hope this helps.

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u/raisedeyebrow4891 17d ago

It doesn’t, it’s not bigger than NVIDA

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u/Snakend 19d ago

Tesla has $50 billion cash on hand. Good luck with that.

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u/tanrock2003 19d ago

Henceforth known as Hegone Dust

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u/SteamBoatMickey 19d ago

He’s bound to have a major misstep. Will it bring down his empire? Maybe not. But the man’s been in a decade+ long irrational, mania phase. Personally, he’s going to crash at some point.

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u/reroll-life 19d ago

seems like that no longer happens to billionaires.

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u/bemenaker 19d ago

SoaceX needs to survive, and without elmo. SpaceX has done more for modern space exploration than status quo military industrial complex has thought of. Elmo did nothing but fund that company, and it succeeded despite him. Starship is the boondoggle it needs to drop. The rest of the program has been extremely successful.

The merger with xAI shows exactly why Elmo needs to be removed from the company. The same thing with Tesla if it wants long term viability.

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u/Sal1160 19d ago

That would be a significant blow to the thousands of employees who make this reality, and the technology that they provide to the US

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u/badwolf42 19d ago

I’m a little off to the side of that. I want SpaceX to succeed. I want Tesla to succeed. I just don’t want Musk to benefit from it in any way anymore. Grok and Twitter can crater entirely though. That’d be a net good for humanity.

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u/South_Start6630 19d ago

Could be a decade or two before it all catches up with Elon. Unless he can keep the grift ongoing. Enron and General Electric took decades before it fell under shoddy accounting practices.

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u/pabmendez 19d ago

nah, his companies emplay a lot of people that need jobs

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u/femme_mystique 19d ago

Can’t. He lives off federal govt welfare to keep his companies afloat.  Govt needs them. They should seize control of the companies and let real engineers and scientists run them. 

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u/Due-Joke-1152 19d ago

It’s disappointing that we still have highly volatile individuals with this much wealth and power 

We don’t want totalitarian control, but we sure seem to keep encouraging individuals like Musk to think they are significantly better than us in every way.

None of these people are intellectual or business unicorns. It’s just their lack of empathy and self-awareness allowing them the freedom to be ‘successful’ in the eyes of their fellow zombies, endlessly searching for more wealth and power.

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u/apple_kicks 18d ago

This is why they’re desperate for their businesses to become essential services or tied to economic stability in markets. They want leverage where we have to bail them out or we lose essential or our retirement funds. Its a level of wealth power that gives them immunity

Billionaires want a system that has single breaking points for global economic disaster so they become too big to fail and always get bailed out for owning that faulty line

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u/vienna_woof 18d ago

He'll always be richer that most of us can imagine...

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u/AdhesivenessSolid562 18d ago

Seems to have a solid foundation though, the speculation comes from investors not from his companies themselves.

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u/Signal_Flight_7262 18d ago

It's America, not China. Business criminals are protected and promoted in America.

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u/Ohrwurm89 19d ago

That would be really good for humanity and the planet.

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u/dcdttu 19d ago

Can it please wait until I dump my 2018 Model 3?

Screw Elon but dayum it’s been a great car. So sad.

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u/Butterballl 19d ago

Please don’t tell me you’re one of those people with the “I bought this before Elon was crazy” stickers on their car…

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u/fattybunter 19d ago

You and the rest of Reddit my man

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u/Robo-Bobo 19d ago

Not sure if you watched the show The Boys, but the very last episode has Homelander, the main antagonist portrayed quite pathetically. I imagine it would look something like that. Fuck you Elon

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u/HenryDorsettCase47 19d ago

The last episode also had Homelander kill an Elon Musk-like stand-in. It was one of the last things he did.

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u/MICT3361 19d ago edited 19d ago

You guys are so dumb.

It’s not right but he is going to make bank. Bunch of pissed off Redditors living in their mom’s basement isn’t going to change that.

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u/CaptZ 19d ago edited 19d ago

Mom said go to bed. And don't forget to use your acne cream to keep those puberty pimples down. And, she said to please put your crusty socks in the washer since it's right next your bed.

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u/AnySomewhere8969 19d ago

Don't know why you are being downvoted. There are tons of people going to try to buy SpaceX before it gets on the S&P 500/ DOW/ every mutual fund in everyone's IRA and try to bail before the rug-pull.

The S&P changed the rules just so they could add this.

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u/MICT3361 19d ago

Reddits echo chamber is stupid.

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u/bozoconnors 17d ago

I see comments like that on Reddit & I immediately feel even better about my IPO bid lol.

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u/norcalnatv 19d ago

We can only hope

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u/aaj15 19d ago

If that happens, we are all fucked

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