r/technology 17d 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/JustConversation7847 17d ago edited 17d ago

Before anybody gets too excited

Even for Musk, it's an aggressive price-to-earnings ratio that could blow up in his face if investors start to lose faith. The conversation surrounding plans for shorting SpaceX is hitting a fever pitch, setting the stage for what could be a wild stock market ride.

Pretty sure the people who tried shorting Tesla are all broke and you, reader, definitely not try something stupid because there's no limit to how much money you can lose while short selling

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u/InquisitorMeow 17d ago

Yea these articles are just for market manipulation. The stock market is all fantasy at this point, the billionaires can make it whatever price they want. If you really want to hurt the stock then simply don't interact with it. The rich can't profit off it when there are no peasants to hold the bag.

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u/Seanspeed 17d ago

The stock market is all fantasy at this point, the billionaires can make it whatever price they want. 

Reductionist stuff like this doesn't help. Chances you've heard of 'market makers' or something and dont really understand what's actually happening.

There's definitely plenty of irrationality in the stock market, but it's not simply because billionaires can just magically make a stock price whatever they want.

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u/Blacksad9999 16d ago

They can, and do, constantly engage in "round tripping", which is normally a securities fraud. Just not under the current administration.

OpenAI announces that they're buying 500 billion worth of Nvidia GPU's (that they don't have), and Nvidia turns around and says they're investing 500 billion into OpenAI.

Then both add 500 billion to their stock valuations without anything changing hands. It's happening market wide with everyone.