SpaceX increases almost 30% after biggest IPO

root-parent

In Space nobody can hear you scam

Heidaradar

it has also dropped significantly since (around a 19% increase now)

SilverElfin

Remember that xAI acquired Twitter/X, a failing overvalued business. And then SpaceX acquired xAI for a highly dubious $250 billion even though they’re irrelevant in AI. And today SpaceX’s president talked about merging with Tesla ( https://techcrunch.com/2026/06/12/spacex-president-gwynne-sh... ), another weakening business. It seems like a shell game if being played where one company is used to bail out the investors of other companies. With all this merging, shouldn’t there be a case for breaking up SpaceX and not having it become some overly large conglomerate? How are all these dubious moves being blessed by boards of these companies - are they corrupt and stacked with Elon’s friends? And what of the pay structure Musk has. Will a merger with Tesla trigger its conditions in a dishonest way? Ultimately, SpaceX is WAY overvalued. Morningstar valued them at roughly half of the IPO price they were seeking ( https://www.morningstar.com/stocks/spacex-what-investors-nee... ). This spike does not make sense, and people will likely get burned at some point. But Musk will become a trillionaire.