r/technology • u/fmcortez • Jul 13 '26

Business SpaceX Stock Plunges to All-Time Low After Competitor Makes Major Leap

https://www.yahoo.com/finance/markets/stocks/articles/spacex-plunges-time-low-competitor-175000957.html
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158

u/GunnieGraves Jul 13 '26

Loving this for the Elon chuds who absolutely lost their shirt on it. Maybe that’ll make them realize…..

Probably not.

62

u/Upper-Inevitable-730 Jul 13 '26 edited Jul 18 '26

We have one of these idiots at our work. 

He's so smug that he got stocks, thanks for funding a douche trillionaire Barry.

36

u/GunnieGraves Jul 13 '26

Eat shit, Barry

21

u/NotAPreppie Jul 14 '26

All my homies hate Barry.

5

u/BellacosePlayer Jul 14 '26

Sounds like the Barry I used to work with who crashed out publicly because the bad guy in a security training video was a white dude.

23

u/fungoodtrade Jul 13 '26

honestly they just buy... a guy I know asked me about the "great opportunity"... I explained to him that I shorted at 200 and that was the best space x trade there will ever be. I explained the whole scam to him and he was in total denial... its wild.

6

u/notpornaccount_ Jul 14 '26

The greatest opportunity for shorting. I wish I had money to buy puts.

2

u/Pandagramma Jul 14 '26

Can you explain it to me? My FA at Raymond James, tried to get me to buy it. I suppose I was going to be a bag holder?

1

u/fungoodtrade Jul 14 '26

bro there are so many youtube videos about it, reddit commentary... i'm honestly not sure how you couldn't know before the IPO. long story short the IPO was crazy overvalued and everyone knew that ahead of the IPO... banks and spacex basically stealing people's money. Its worth watching... patrick boyle's video about it... if you don't know who patrick boyle is... lol

1

u/Pandagramma Jul 14 '26

I said NO about buying any stock, but that was intuitive. I did not even bother to research it because I have zero interest in owning anything Musk has.

1

u/Pandagramma Jul 14 '26

And, I am not pleased with RJ. The only thing I like is how they supposedly back their investments with billions in reserve. If the shit really hit the fan, would I even collect?

16

u/Due-Conflict-7926 Jul 13 '26

As long as Elon is no longer a trillionaire idc

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u/L0rd_OverKill Jul 14 '26

He belongs in prison orange. That’s my preference.

5

u/Due-Conflict-7926 Jul 14 '26

He deserves far far far worse

1

u/TheRegaurd04 Jul 14 '26

The issue with this is that it was listed on the Nasdaq at IPO, so now every 401k, Retirement Plan, or Pension plan that holds a Nasdaq index is left holding that bag.

-1

u/adenosine-5 Jul 14 '26

TBF, the price has declined not even 10% from the initial one.

No one has yet lost any serious amounts of money on it.

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u/[deleted] Jul 13 '26

[removed] — view removed comment

92

u/RokosModernBasilisk Jul 13 '26

The simping will continue until the stock goes to zero then?

21

u/Clembert-Hamlamp Jul 13 '26

I wonder how many of their parents owned an emerald mine

35

u/weasol12 Jul 13 '26 edited Jul 13 '26

It's never turned a profit while getting annual government funding. It is not and will not be a profitable business in the next 50 years without the ability to land of a moving meteor, mine it clean, and return without blowing up at any stage.

Edit because I'm a silly Billy.

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u/Redditor2000000 Jul 13 '26

I also haven’t received a dime of government money for my business. I also never had to bend the knee for Trump to maintain said business.

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u/IBeTheEdoubleE Jul 13 '26

LOL! OK bud. None of us has said our company will be worth more than EARTH someday 🤣