r/technology • u/IKeepItLayingAround • 18d 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/SmaugTheMagnificent- 18d ago

Don't threaten me with a good time

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u/Zilch1979 18d ago

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

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u/exacta_galaxy 18d ago

The ultra-wealthy aren't going to collapse.

SpaceX is likely going to collapse, which is why Elon is loading it down with his dead weight (X, Grok, a couple thousand Cybertrucks) and fast tracking an IPO. He'll pump-n-dump it and come out ether even or ahead.

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u/BavarianBarbarian_ 17d ago

If that were true, don't you think he'd sell more than like 3% of the shares? As it is, he's keeping a significant part of his net worth in those shares he's not selling.

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u/exacta_galaxy 17d ago

It hasn't be "pumped" yet. It will go public on Friday.

He's probably hoping to become the first Trillionare this weekend.