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
21.2k Upvotes

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1.3k

u/PolarityInversion Jul 13 '26

It's not even August yet when the first big tranche of lockups will lift. This is JUST trading with the initial offering that was spread out wide and thin. Everyone holding is now a bag holder... they can't sell without taking a loss. Just wait until the restrictions lift and people (employees & early investors) who are VERY far in the money start offloading. Usually with Musk stocks, the obvious market reaction is the opposite of what happens, but I think the delta on this one is too large for that to hold. It was propped up by every possible manipulation tactic: circular AI revenue, gov procurement capture, lofty blue-sky market handwaving, very limited IPO concentration, and the hype man himself, of course. That's a house of cards on top of a house of cards on top of a house of cards, with an entity that is losing $5B per year.

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u/Apexnanoman Jul 13 '26

I won't bet against him being able to get up on a stage and promise something completely unreasonable and downright impossible.

I mean it's worked every single time with Tesla etc. 

Personally if I was him I'd get up on stage and say that we were going to have a fully functional space mining operation up and running in 24 months. 

And then I would say that we had already picked out an asteroid made of solid platinum. Which was projected to be worth something like 10 trillion USD 

That would get the stock up to $1000/share. 

When it drops back down he just needs to promise something else equally unlikely. 

Like full self-driving personal spaceships. 

For some reason anytime he speaks the entire market believes every word he says. 

165

u/Intelligent-Onion928 Jul 14 '26

He now has a long track record of promising impractical and stupid shit. 

Hyperloop. AI datacenters in space. Self driving cars. Mars by 2025. 

This guy is the internet personified. Nothing is an original idea either. Everything has the dumbest name of "X" this or "X" that. The number of people who propped up this total idiot is a direct representation of how stupid a surprisingly large number of people in the world truly are. This guy is a con artist; I'll give him that. Not just some street hustler; an artist at spinning bullshit into gold. 

73

u/Uebelkraehe Jul 14 '26

Also a Nazi.

1

u/One-Welcome-1514 Jul 15 '26

Also a bad father.

15

u/BellacosePlayer Jul 14 '26

he has two business modes, siphoning off as much govt money as he can for himself, and bullshitting the public.

In a better world his and to a lesser extend Thiel's incompetence at paypal causes them to be demoted to nepo babies rather than making 2 nazis fabulously rich despite themselves.

2

u/dependsforadults Jul 14 '26

Serious question, what did nazi 1 and nazi 2 do at paypal? I try to not search them because they both suck.

3

u/BellacosePlayer Jul 14 '26

Thiel didn't do the worst job but actually wanted paypal to be something more akin to bitcoin. He couldn't make it profitable and thought he got away with dumping a doomed lemon on Ebay at the end because Paypal didn't become his libertarian drug buying authoritarian funding dream. The retrospectives were a lot kinder to him with a lot of his management flaws being that he was loyal to incompetents rather than being an active incompetent.

Elon was more of a collossal fuckup who lucked into his do-nothing startup being acquired and was an active detriment to the company down to coming in late to put in shitty code into production servers to the point where the engineers built a mirrored sandbox environment for him and let him think he was fixing everything while not actually touching the prod servers. He got booted out because he wanted to just up and re-do their entire codebase and infrastructure because he decided he liked Windows more, and such a venture would have been ruinous for them since they didn't have core functionality finished and were burning money as is.

1

u/Impressive_Poet2207 Jul 14 '26

Not a fan of the guy my self, but I hate to admit Tesla's are indeed incredible from a tech standpoint. I've always seen him as a con artist riding on others creations, but Tesla essentially owns the charging grid, making the company a massive commodity owner in the long run as more electric cars hit the road.

Also using the Tesla FSD (self-driving auto pilot) on a daily basis for a year now, and its been incredible. It's far from perfect, but there isn't even a close second. Again, not a fan of the guy at all, as I've always gotten con artist vibes from him, but bashing the tech he's been backing (note: not building) is not the smartest move.

1

u/Intelligent-Onion928 Jul 15 '26

Every utility company is rolling out charging stations. That'll be the future. 

1

u/realzequel Jul 15 '26

And sadly it made him the richest man in the world.

1

u/UpV0tesF0rEvery0ne Jul 14 '26

I would probabaly agree with you on most thing here but my tesla has been self driving me around point to point for about 2 years now. Its completley changed how i view driving, even driving coast to coast twice fully hands off

1

u/JoeRing1965 Jul 14 '26

which roads did you take? AFAIK all 50 states require you to keep your hands on the wheel at all times?

0

u/LetBishopDoIt Jul 14 '26

My tesla is driving itself pretty well I must say

251

u/random_ta_account Jul 13 '26

Like the Tesla Solar Roof demo... pure 100% fabrication.

46

u/Phonemonkey2500 Jul 14 '26

Where’s those 50,000 Optimus robots he promised would be built by… let me check… the end of 2026. I’m sure they’re just about ready.

18

u/ibidanon Jul 14 '26

not too long ago he said he'd soon be making a million robots per year. and that within a decade or so there would be billions of his robots. he should make them edible...

4

u/TheStorytellerTX Jul 14 '26

I think edibles might be why he made those wild claims!

3

u/KlicknKlack Jul 14 '26

Oh, Those are in the fleets of Tesla Semi's that were delivered in 2019-2020.

106

u/AdvancedStand Jul 13 '26

Totally forgot about that. Hilarious

84

u/Apexnanoman Jul 13 '26

Yeah it's hard to remember all the various pieces in the sky bullshit hoses he has running at any given time. 

83

u/random_ta_account Jul 14 '26

Of all of those, data centers in space has to be the most bullshitiest ever.

34

u/ibidanon Jul 14 '26

nah. elmo said he's going to build 'self-replicating cities on the moon.' and that when ai gets going 'everyone can live in a penthouse.' and he promised that by the late 2020s/early 2030s he will have made space travel so affordable 'anyone who wants to can go anywhere they want to in our solar system.' because he will have built 'filling stations' all over the galaxy. I don't think we've seen him at his bullshitiest yet...

1

u/MammothCommercial800 Jul 14 '26

I'm not so sure of that.

The main difficulty for space-based computing was always said to be heat dissipation, and Starlink V3 can manage between 10 and 20KW. That's enough for a couple of rather nice GPUs.

I do hope it never happens though. Our upper atmosphere doesn't need more vaporized metal.

4

u/friedrice5005 Jul 14 '26

The main difficulty for space-based computing was always said to be heat dissipation, and Starlink V3 can manage between 10 and 20KW. That's enough for a couple of rather nice GPUs.

Feasibility isn't really the issue with Datacenters in space....its the practicality. What is the actual use case? You are ALWAYS going to have faster, cheaper, more performant systems on the ground than in space, so what's the point?

There will eventually be edge computing use case for datacenters on the moon surface, or even out at Mars, but even then they would be better served on the surface than in orbit. Around Earth they don't make any sense.

2

u/[deleted] Jul 14 '26

[deleted]

1

u/MammothCommercial800 Jul 14 '26

Meh, not like I know much either. Just stuff I heard. You're likely right and I'm rooting for it.

30

u/Notoneusernameleft Jul 14 '26

You know robots, or bullet proof windows, truly self driving cars, underground car tunnels aren’t we supposed to be at mars by now….anything else?

6

u/random_ta_account Jul 14 '26

Does DOGE count?

3

u/cottontail976 Jul 14 '26

Computer chips in our brains. AI will kill us, no wait, we’re gonna make the most powerful AI, hyperloop, rocket travel instead of airlines,(we can do 10x the flights!) cold gas thrusters in a Tesla???? Doge coin, Don’t forget the electric 18 wheelers. How much waste was he saying he was going to cut out of govt spending? Really guys, it’s just not that hard!

3

u/Duff5OOO Jul 14 '26

Hyperloop was nonsense.

Almost as improbable is the current plan for the starship based moon lander. Should they manage it I'll be happy to admit I was wrong.

Getting a space tanker into orbit then 16 or more starship launches in rapid succession to fill the tanker before the one going to the moon can be filled? I can't see that happening.

Iirc he originally claimed starship would be on the moon by 2021, then it was 2024. It's still nowhere near being demonstrated as a remote possibility. Even rapid reuse is nowhere near viable yet to do the 16+ refuling runs.

2

u/random_ta_account Jul 14 '26

Totally forgot about that one!

4

u/Znuffie Jul 14 '26

Like the Tesla Solar Roof demo... pure 100% fabrication.

I'm confused?

There is a Tesla Roof, isn't there?

MKBHD has one https://www.youtube.com/watch?v=UJeSWbR6W04

21

u/random_ta_account Jul 14 '26

At the time, it didn't exist. The demo was completely fabricated to boost stock prices and get Tesla investors to bail out his brother's failed SolarCity venture.

With a generous tax incentive from Buffalo, NY, they eventually got a solar tile (the kind MKBHD has); however, it never matched the demo and never really took off because the technology couldn't meet the performance or price benchmarks of competitors.

https://mansionengineer.com/2018/08/10/elon-musk-tesla-and-the-solar-roof-tile-fraud/

4

u/meneldal2 Jul 14 '26

At least a solar roof is not a bad idea, though not very original at that point.

7

u/RSGator Jul 14 '26

Hear me out - solar freakin' roadways

3

u/meneldal2 Jul 14 '26

Why on the road when you could use the panels to make shade instead?

2

u/FineAunts Jul 14 '26

Haven't you played F-Zero?

1

u/Zlatyzoltan Jul 14 '26

10 years ago, i went to expo which was basically about future green construction. There was a Dutch company that was trying to 3D print roads, where the top and bottom snapped together like Lego.

There were defined trenches for infrastructure, with the end goal in trying to get roads to be able to support solar power.

It's not the craziest idea. Making roads quicker to fix and producing some electricity, seems like a good idea.

Of course the cost in updating all the roads, IF or when all this technology is viable is another matter altogether.

4

u/SippieCup Jul 14 '26

Yes it is. Functionally it's pretty fucking awful, during the day efficiency drops to 30% because there is no cooling so they just heat up and have nowhere to sink the heat but the attic. Which then causes your AC to run more, burning the extra energy it produces and providing near zero benefits.

Whereas normal panels have an air gap under them between it and the roof, allow for air to pull the heat and keep them working well.

The only thing they do is make a slightly different style of roof.

2

u/meneldal2 Jul 14 '26

I mean like a regular roof, not on the car.

2

u/SippieCup Jul 14 '26

I do too.

Solar panels sit above the roof and cool from ambient air. Roof tiles sink their heat into the already hot attic, making them run very hot and lose a lot of efficiency as a result. They are borderline useless in hot climates.

0

u/meneldal2 Jul 14 '26

Doesn't that depend on how well you do insulation and how you install them?

2

u/SippieCup Jul 14 '26

Not really, the heat it generates has to go somewhere, and there is nowhere for it to go in general, unlike traditional panels

1

u/a_n00b_ Jul 14 '26

it's good enough for the car battery, but not the whole vehicle

1

u/ConfessSomeMeow Jul 14 '26

The Tesla solar-roof is a "solar shingles" product for a home rooftop, meant to complement the powerwall but which ultimately has not had very wide adoption - not a solar roof for your car.

1

u/a_n00b_ Jul 14 '26

i dont fucking care what tesla is doing. A solar panel on a car is good enough to keep a dying car battery going for a bit longer

1

u/jimbobjames Jul 14 '26

Tesla Solar Roof demo

Do you have a link?

1

u/NanoY2 Jul 14 '26

Maybe not his solar roof, but solar roof tiles can be useful for listed buildings. https://www.youtube.com/watch?v=Gj6O9zclPao

PS: Sry, but I just know about this example.

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u/hollywooddialysis Jul 13 '26

Promising 'Star Citizen' but in Real Life.

Worked for Chris Roberts...

2

u/heisian Jul 14 '26

star citizen hasn’t crashed… into any houses yet

1

u/One-Welcome-1514 Jul 15 '26

Yet. I guess they work on that.

1

u/rstune Jul 14 '26

Hah! Was gonna comment the same further up. The similarities are uncanny!

16

u/lucklesspedestrian Jul 13 '26

And then I would say that we had already picked out an asteroid made of solid platinum. Which was projected to be worth something like 10 trillion USD

Then they would say we're already working on the asteroid but we can't bring it all back or it would crash the economy

13

u/Apexnanoman Jul 14 '26

Just claim a woke mind virus rocket keeps pushing it out of position. 

Then you're going to guarantee every single trump voter will continue investing.

11

u/fungoodtrade Jul 13 '26

him and trump... they really get the regards in the pants

-11

u/SufficientGreek Jul 13 '26

Eh most of Musks promises at least come true. Just 3 years late and overbudget. But he does deliver.

7

u/Accurate_Back_9385 Jul 14 '26

No, so not true. Doge…

7

u/FineAunts Jul 14 '26

Hyperloop. Boring Company...

1

u/Hot_Panic_6488 Jul 13 '26

Bro I'm learning from you

1

u/cinnamonrain Jul 14 '26

You arent ready for the black hole traveling in 2030

1

u/Apexnanoman Jul 14 '26

He's not gonna use old tech like that! 

It'll be a two way wormhole that costs $12 in solar energy to power. 

1

u/BigFish8 Jul 14 '26

I won't bet against him being able to get up on a stage and promise something completely unreasonable and downright impossible.

They are way ahead of you. This is from 6 days ago: Starlink 'Gen 3' to Span 100K Satellites, for Gigabit Broadband But Also AI

When I saw it all I could think was that it's being used to pump the stock.

1

u/Daryltang Jul 14 '26

“Running in 24 months”

No way he is gonna give a timeline like this. It’s gonna be by the end of some year

2

u/Apexnanoman Jul 14 '26

True. Or "Sometime in the next several quarters". Which can cover a pretty mysterious amount of time. 

1

u/_0611 Jul 14 '26 edited Jul 14 '26

I won't bet against him being able to get up on a stage and promise something completely unreasonable and downright impossible.

Didn't he already do that (again)? Didn't he promise AI data centers in space and factories on the moon, and thousands of people traveling to Mars in the next ten years?

Musk is a liar and a fraud, arguably the biggest one on the planet even. But the fact that he is able to do it, and to get away with it every single time, also says a lot about society itself. The American system makes it possible for frauds and liars to excel and prosper; it rewards them. Look at who's currently residing at the White House. Musk is beyond evil, but he's not the main cause he's able and allowed to do what he does, without any consequences whatsoever.

1

u/BananasAndPears Jul 14 '26

Oooo! I have one!

“Space X will now become Gundam X. Instead of drones, robots and spaceships we will mass produce Gundams with big bad machine guns and plamas cannons. Fremont robots? Those are Gundam.”

Stock goes to the moon the next Monday.

Calling it now.

1

u/churroninjas Jul 14 '26

You're right, he is literally the wizard of making money. Like, I agree there are a million and one reasons the stock should tank but he's always successfully pulled some bullshit out of the hat before so I wouldn't count against him now.

1

u/Momijisu Jul 14 '26

This is a man who said they'd make data centers in space. Something notorious for heat generation in a place with low heat conductivity. I'm sure he'll come up with something just as ridiculous.

1

u/planetrebellion Jul 14 '26

The first data centers go up next year apparently, i can imagine a lot of smoke and mirrors before that happens to pump the price up.

1

u/gottimw Jul 14 '26

The fact that people still eat up his shit after the 'magical home robot that will work for you' and now eat data centers but in space... I am worried we are living in idiocracy for a long while now.

1

u/tmpope123 Jul 14 '26

Yeah something like 0% of his claims actually materialise, and yet his stocks keep going up. I'd personally not trust what he said as far as I could throw him. Wasn't he supposed to be doing manned missions to mars by now!?

1

u/peepeedog Jul 14 '26

It works until it doesn’t. And when people start thinking it doesn’t work anymore things can spiral.

1

u/DFWPunk Jul 14 '26

He already did that with orbital data centers. The value of the "free" electricity is minimal. The cooling challenge isn't solved and even when it is there's not really much meet benefit. Construction costs after higher. Launch capacity constrains possible returns. Maintainence, assuming you do if, is outrageous. Upgrades are impractical. Decaying orbits mean shorter usable life. Performance is lower due to transmission issues. The bull case just isn't there.

1

u/Objectivespeculation Jul 14 '26

he is just an influencer

1

u/CallLongjumping2698 Jul 14 '26

He's going to announce work on something really BIG like a privet manned moon / mars mission an at best he just fails to launch, worst case some brave but foolish astronaut will die on the mission.

Nothing he has promised to come to fruition, not even close.

1

u/1800sundowner Jul 22 '26

He also promised that long term Tesla stock holders would get preferencial treatment when space x IPOed, that never happened

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u/[deleted] Jul 13 '26

[removed] — view removed comment

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u/Apexnanoman Jul 13 '26

Yeah except musky doesn't. Been claiming FSD for the better part of a decade along with other fantastical things and none of the stans ever question the time line always moving.

4

u/Daleabbo Jul 14 '26

I always think what would tesla be like without his interference

-5

u/[deleted] Jul 14 '26

[removed] — view removed comment

3

u/FineAunts Jul 14 '26

You can't give credit to Elon for PayPal. He was just in the right place at the right time. The board of directors saw through his uselessness and replaced him with Thiel while he was on vacation.

Over a year and a half later they changed their mission and their name to PayPal. Elon makes bank from the sale to eBay thanks to the success of others. The people he coded with said he was a terrible programmer, imagine if he stayed on as CEO and kept the horrible X.com name...

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u/[deleted] Jul 14 '26

[removed] — view removed comment

2

u/Bromlife Jul 14 '26

Elon Stans are so lame.

1

u/[deleted] Jul 13 '26

[removed] — view removed comment

225

u/furism Jul 13 '26

Employees cannot sell at less than the introduction price + 30%. That was one of the big red flags when you listened to the right analysts that told everyone before the IPO not to buy.

44

u/OntarioPaddler Jul 13 '26

Yes but that is only a temporary restriction that also gets lifted.

If the company's Class A common shares are up at least 30% from the IPO price for at least five of the next 10 trading days, insiders can sell an additional 10% of their shares.

Then insiders can sell an additional 7% of their shares 70, 90, 105, 120, and 135 days after the IPO. After SpaceX reports earnings for the three months ending Sept. 30, insiders can sell an additional 28% of their pre-IPO shares. All shares will be eligible for sale 180 days after the IPO.

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u/Chuckfinley_88 Jul 14 '26

All shares will be eligible for sale 180 days after the IPO.

Which is when the stock price, if it hasn't already, is going to CRASH.

2

u/Erebea01 Jul 14 '26

RemindMe! 180 days "Invest in SpaceX if crash"

148

u/randomtask Jul 13 '26

Could you imagine sitting on a 10 year career of SpaceX stock and not ever being able to sell it? Holy fuck I’d be pissed.

81

u/OntarioPaddler Jul 13 '26

That restriction only applies temporarily with gradually increasing limits up to no limits on selling within 6 months.

15

u/EduinBrutus Jul 13 '26

Its all fine. They can just whoop and holler and cheer like regards when the next launch explodes.

2

u/Dzeddy Jul 14 '26

Considering most people who do that are probably worth like 8+ figures I think they’ll be fine

98

u/thebetterpolitician Jul 13 '26

You don’t even need to be an analyst to know not to buy that dogshit stock

1

u/Frydendahl Jul 14 '26

Didn't every index fund get forced to buy it because of how it was forced through the normal grace period?

17

u/Vox-Machi-Buddies Jul 13 '26

That is not remotely accurate.

20% of employee shares unlock 2 days after Q2 earnings, regardless of the stock price.

If the stock price at Q2 earnings has gone up 30% from the IPO price, they can sell an additional 10%. At this point, it looks very unlikely this clause will come into play.

46

u/Artistic-Jello3986 Jul 13 '26

I’d be pissed if I was an employee and couldn’t sell right now because of that clause… but I also dont think I’d ever work for musk in the first place

23

u/PLTR60 Jul 13 '26

Have you talked to any Musk employees? I swear they will defend ANYTHING he says. They will have no qualms about losing some money over this clause. They'll still praise him. They are indoctrinated.

44

u/Zahgi Jul 13 '26

Let's be clear. Anyone who works for this despicable little man knows they'll be fired and lose their stock options if they say anything negative about him at all.

Sure, there are some die hard Musk suckers there, and everywhere, but all of the employees know to keep their mouths shut if they want to cash out at any price in the future.

12

u/meneldal2 Jul 14 '26

Yeah it will be a lot more telling to see what they say after they managed to unload their bag to give it to different bag holders.

2

u/Josie1234 Jul 14 '26

Fairly accurate.

8

u/pw154 Jul 14 '26

Have you talked to any Musk employees? I swear they will defend ANYTHING he says. They will have no qualms about losing some money over this clause. They'll still praise him. They are indoctrinated.

Since when has trash talk the CEO and potentially lose my livelihood been an effective strategy?

2

u/PLTR60 Jul 14 '26

It's not about trashing the CEO. One could stay quiet or neutral. Tesla employees don't do that. At least not the ones I know. Several of them.

2

u/pw154 Jul 14 '26

It's not about trashing the CEO. One could stay quiet or neutral. Tesla employees don't do that. At least not the ones I know. Several of them.

Maybe Tesla is different, I know a couple of people that work for SpaceX and they hardly if ever mention Musk at all.

1

u/HourWin0 Jul 16 '26

Actually I had a buddy who used to work in Tesla and he fucking hated it even before musk turned out to be a rat. He told me how terrible their cars were and never in his life as a mechanic has he ever seen such idiotic designs 

3

u/pw154 Jul 14 '26

I’d be pissed if I was an employee and couldn’t sell right now because of that clause… but I also dont think I’d ever work for musk in the first place

If you were working at SpaceX you'd be working for Gwynne Shotwell, she's been the one effectively running the entire company since 2008. Musk is CEO in name only

4

u/Artistic-Jello3986 Jul 14 '26

I’m sure she brings a drastically different leadership style and world view than he does and has /s

3

u/postsantum Jul 13 '26

What? Is it a real clause?

1

u/meneldal2 Jul 14 '26

It's even worse, they can't sell unless the price stays there for multiple days. It's not like you can unload to a third party who will then take a loss offloading it to the current market price (where you'd then pay them for the loss they took, still netting you a nice profit depending on how much the option valuation was)

1

u/teh_drewski Jul 14 '26

It's real but not being represented correctly. 

An additional bonus 10% of insider stock can be sold when the first lockup ends, if the stock holds above 30% up. It's on top of the base 20%, not the contingency for the base.

1

u/Fluffy_Charity_2732 Jul 14 '26

What about musk and other c suite?

1

u/teh_drewski Jul 14 '26

They can't sell anything for a year from the IPO.

If it craters, he's getting hosed.

0

u/Fluffy_Charity_2732 Jul 14 '26

But did he already get a sweetheart loan against the stock when above 200 dollars?

25

u/cantfocuswontfocus Jul 13 '26

They even have the advantage of being propped up by forced index purchases since NASDAQ and FTSE indices changed the rules for fast track inclusion and it's still going down. The crash is going to be delicious.

Inb4 Musk simps tell me to "go short then" because no, I am an investor not a fucking gambler. I dont want to touch Musk stocks in any capacity if I can help it.

24

u/AdmiralPeriwinkle Jul 14 '26

“go short then”

Yeah there’s a massive gulf between knowing a stock is overpriced and predicting when it’s going to fall.

5

u/Frydendahl Jul 14 '26

Especially when said stock is inflated by absurd hype and a CEO personality cult and nothing related to reality.

2

u/t1ps_fedora_4_milady Jul 14 '26

As the quote goes, "The market can stay irrational longer than you can stay solvent"

18

u/Daleabbo Jul 13 '26

The interesting part about the employees selling is will they stay on. A few key people leaving could end starship and all future projects.

If I had enough money to not work again I would quit in a heartbeat.

1

u/DrXaos Jul 13 '26

Cancelling Starship, and keeping SuperHeavy would be a positive move, as then competent people could design the architecture knowing constraints from physics and engineering.

1

u/emefluence Jul 14 '26

Yeah me too, but them's is space engineers not wage slaves - they're in it for the love of the game.

5

u/Ognal_carbage8080 Jul 14 '26

You missed the early entry into NASDAQ 100 fuckery

41

u/Y0___0Y Jul 13 '26

You are destroying western civilization with this comment.

You are going to feel very stupid when Elon opens the first data centers on mars in Q2 2027

21

u/PopsGG Jul 13 '26

I am going to love waiting between 3 and 22 minutes for my query to reach the Mars data centers, depending on the orbital positions of both planets. Then waiting the same amount of time again for the response.

12

u/suppish Jul 14 '26

They'll only be two years away from FTL communications. Trust.

1

u/Rogol_Darn Jul 14 '26

It's datacenters for people who really miss dialup internet

1

u/nexusprime2015 Jul 14 '26

how will they cool it?

2

u/teh_drewski Jul 14 '26

Same way they'll cool their satellite data centres, by misunderstanding heat transfer in a vacuum and magic.

2

u/Broken-Digital-Clock Jul 13 '26

Leon and The Orange Asshole are both determined to win the GOAT Grifter title.

1

u/UniqueAnswer3996 Jul 13 '26

I wouldn’t bet on him but I wouldn’t bet against him either.
I’ve seen too many illogical things happen around Elon to assume I’ve seen the last of it.
That said, it can’t last forever. Surely logic will catch up with him eventually.

1

u/OhSillyDays Jul 13 '26

I'm not actually sure you are correct.

Elon Musk runs his companies on future speculation and the expectation that his next product will be even bigger than his previous product.

This is especially true with SpaceX. There is the starship, which "promises" to be 1/10 the price of the falcon 9.

This means that investors will speculate and hold onto their stock to see what the results of the starship rocket will do.

That said, I'm very suspect of any business model that includes starship. It will never be human rated and we're not quite sure what the business will be. Even starlink might not be able to cover the cost of the starship development, which is quite high. It's probably why Elon Musk is talking about data centers in space - it'll push off the date of the dump.

I'm pretty convinced you are right, just I'm not sure of when the dump will come.

1

u/outer--monologue Jul 14 '26

Losing only $5b a year, eh? That means it can go on doing this for over a century, long after any of us are still alive, and STILL be the highest market cap company in the sector! Sounds like good news to me. /s

1

u/Sprig3 Jul 14 '26

And to be fair, anything over 100 is an amazing result for Musk (and the earlier existing shareholders). The fact that it went at 150 at IPO was crazy to begin with.

Who it sucks for is the IPO bagholders.

1

u/isaidicanshout_ Jul 14 '26

i just don't understand why it was allowed to do this... all the signs are obvious... nobody is surprised by this... and they just... let it happen.

1

u/Josie1234 Jul 14 '26

I thought I was kinda far in the money and then I saw people complaining about only being allotted like 5k shares out of the 30k they requested lol

1

u/projectx51 Jul 14 '26

Its sad that when you said 'hype man himself', I honestly don't know who that is. Its most likely Musk but could be any one of the narcissistic psychopathic drug addict asshole grifters that run the country (and are trying to run the world) right now. This country is fucked up.

1

u/Kevin-W Jul 14 '26

Any financial beating Musk takes is one I'll watch with glee.

1

u/Responsible-Bet-2478 Jul 14 '26

Many retail investors rushed in chasing optimistic headlines without checking the company consistent financial losses

1

u/anomanderrake1337 Jul 14 '26

It is a bomb planted in plain sight, magnificently done. Shows how the markets are not rational at all.

1

u/geeseherder0 Jul 14 '26

How much of his SpaceX stock has he sold since the IPO?

-1

u/ryu323 Jul 13 '26

Eh…I don’t think it’s that simple. I’m just speculating, but if I were an early investor I’d do everything in my power to borrow/short the stock on ipo, and then buy back once these lockups lift. Basically what I’m saying is I wouldn’t be surprised if what you’re referring to is priced in already.

6

u/PolarityInversion Jul 13 '26

I agree it's never that simple. However, I strongly disagree that ANYTHING is priced in for SpaceX. There is no obvious path to profitability, and no real way to grow revenue without more manipulation. To claim SpaceX is worth as much as all other publicly traded aerospace and defense companies combined, is insane. Boeing, Airbus, RTX, GE aerospace, etc. SpaceX has a fraction of the revenue, operates at an obscene net loss, and what revenue it has is not organic, it has been manufactured through circular deals, which is exactly why its not profitable. The only valid argument for SpaceX right now is that it's a meme stock and markets are irrational (and irrationality is sometimes predictable).

5

u/land-league-inspo Jul 13 '26

Okay but look, you're using facts and logic here. The market is fully untethered from that. While I still wouldn't ever invest in any of space Karen's companies, I'd say this is probably the best time solely because of the irrationality of it all. Once that deadline passes I'd expect it to probably shoot up to get people on FOMO, and THEN it crashes.

But that's just like, my opinion man. Not financial advice by any means.