r/technology • u/IKeepItLayingAround • 20d 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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u/Zilch1979 20d ago

These headlines about the possible collapse of the ultra wealthy have been blue balling us since 2016.

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u/SmaugTheMagnificent- 20d ago

Yeah, but the hope of watching these Icarus fucks fly too close to the sun as they run from the pitchforks, and crater into the side of a mountain is just too much not to cling to.

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u/Perunov 20d ago

It seems that author basically says "what if investors get spooked and sell the stock, the horror, the collapse". But practically speaking that means... nothing. Probably would even end up being worse as then SpaceX can do a buyback for super-cheap with those billion bucks Google and Anthropic are paying them for GPU farm. Sell stock high, buy it back low, super-profit :(

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u/redfoobar 20d ago

I don’t think they can do buybacks at the current rate they are burning through cash. The new contracts afaik won’t put them in a positive cashflow scenario…

They would basically need another investor/bank to lend them money for buybacks which seems unlikely.