SpaceX and OpenAI: The Mega IPO Grift [video]

throw0101c

Also his video "Investing in Initial Public Offerings (IPOs)": > If you can get in on the ground floor of an IPO, that is getting an allocation in the initial share offering before the stock starts trading, there is evidence that you are likely to make a profit; IPOs tend to be underpriced. While this might seem like an obvious way to easy profits, there are a few crucially important things for you to consider. * https://www.youtube.com/watch?v=2a7qhIpxv60 And perhaps the episode of the podcast he co-hosts on IPOs: > We’ve previously compared IPOs to lotteries that are prone to inflated valuations and low returns. Today we welcome “Mr. IPO,” Professor Jay Ritter onto the show for a deeper dive into IPO performance, for his insights into SPACs, and to hear his research into why economic growth doesn’t correlate with stock returns. Early in the episode, Jay unpacks how long-term IPO returns perform against first-day trading. While exploring the role that venture capital plays in tech IPOs, Jay talks about why negative earnings don’t affect tech IPOs in the short-term before sharing how skewness factors tend to impact young companies. Reflecting on how IPOs are usually underpriced, Jay discusses how the interests of companies are not aligned with the interests of IPO underwriters. After looking into IPO allocation, Jay compares the 2020 ‘hot IPO market’ with the internet bubble of the late 90s. Later, we ask Jay about what special-purpose acquisition companies (SPACs) are and why they’ve exploded in recent years. His answers highlight their investing benefits, risks, and why SPACs might be a better option for companies than IPOs. We examine how SPACs have historically performed and then jump into our next topic; why economic growth isn’t a good indicator that a country is worth investing in. He touches on why returns don’t correlate with economic growth, the place of capital gains and dividend yields when investing abroad, and how innovations in an industry can lead to higher stock returns. We wrap up our conversation by asking Jay for his take on whether the stock market is efficient before hearing how he defines success in his life. Tune in to hear our incredible and informative talk with Jay Ritter. * https://rationalreminder.ca/podcast/139 * https://en.wikipedia.org/wiki/Jay_Ritter * https://site.warrington.ufl.edu/ritter/ipo-data/ There's also Patrick Boyle's video on this topic, "SpaceX IPO Scandal": * https://www.youtube.com/watch?v=8rS3fTbC7TE

damnitbuilds

Those two companies can only be lumped together by someone who doesn't understand what they do. - Openai is way over-extended and can't die soon enough. - Spacex, on the other hand, is way ahead of any of its competitors in the invention and building of real world things that people need and pay for and has amazing goals for the future that are likely to be met by a CEO with a history of making the impossible merely late.