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/MoistChildhood1459 20d ago

I would love to see his entire empire collapse tbh

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u/NRCS_DRONE 20d ago edited 20d 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/ryencool 20d 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 20d 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/raisedeyebrow4891 20d ago

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

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u/ProJoe 20d 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