SpaceX sheds $400B in market value as debut rally hits reverse

kingstnap

Even if it drops to 1/2 its IPO price ($855B valuation) that still massively overpaying for it. What do they think is gonna come from this SpaceX + Twitter + XAi + Cursor amalgamation? Sexbot agents vibe coding on Mars?

thewhitetulip

It's crazy that Musk is worth a trillion dollar and the 2nd richest person is just 200 Billion dollars. What's more crazy is that the revenue in no way justifies the trillion dollars valuation of spaceX!

ChrisArchitect

Earlier: https://news.ycombinator.com/item?id=48634931

moezd

SpaceX + Twitter + XAi + Cursor is the perfect combo to collect government contracts. You want exposure in social media? Use Twitter. Civil servants want AI? Use Grok. Developers want AI? Use Cursor. All space heading business? Contact SpaceX. All under the polished (!), totally unblemished (!) PR image of Musk. Someone please wake me up if this is a fever dream.

mikelitoris

Why don’t they name it: SpaceX + X (twtr) + xAI = SpaceXXXAI

helpfulfrond

https://archive.is/lqPsS

jojobas

Didn't even wait until the pension funds buy in?

z0ltan

The U.S is nothing but an Oligarchy now.

phyzix5761

This is pretty normal for tech stocks. Most have a big pop on the first few days of IPO and then they drop. After 180 days, insiders can start selling shares so there's another drop around that time due to a higher supply for shares on the sell side.

fsuts

https://archive.ph/lqPsS Or direct share price chart https://www.hl.co.uk/shares/shares-search-results/s/spacex-u... Tl;dr it’s still above the IPO price so the favoured investors still at a profit and Musk is still a trillionaire. As with Tesla, Musk will keep coming up with ‘profits suck but we are doing x new shiny project so don’t worry’ announcements to keep retail investors believing…

llmslave

volatile asset is volatile

autophagian

Newton’s third law. To get anywhere, you have to leave something behind (bagholders).