Comment by dang
6 months ago
[stub for offtopicness]
[All: please don't post unsubstantive comments to HN. You don't have to like $Company or $Person, but when the banned accounts are posting more thoughtfully than the rest, that's... bad.]
6 months ago
[stub for offtopicness]
[All: please don't post unsubstantive comments to HN. You don't have to like $Company or $Person, but when the banned accounts are posting more thoughtfully than the rest, that's... bad.]
How can I avoid my retirement and index funds being a part of this garbage?
Don’t buy it. If you don’t have enough money to directly index, don’t waste time trying to pick stocks or time the market.
Maybe someone will start selling a Nasdaq minus Musk index fund.
This is structured so that Musk becomes the first trillionaire.
Yeah, that's probably the only reason for SpaceX going public.
Trying to dump on the market before the bubble pops.
I netted six figures selling options to doomers like you last year. Please keep this energy up.
Not sure why you are being downvoted. This is exactly what is happening and why OpenAI is trying to IPO to dump their garbage as well.
because its not accurate. they're milking the market. not dumping on the market.
they're only (sic) going for 75 billion. with an evaluation in the trillion mark.
This is just more speculative investment. you'll see this again in another year or so with a bigger evaluation on it... it's how the modern economy now "works".
maybe it's the histrionics? Thse personalities are inevitably inflating their own balloons in order to cash out, but that doesn't mean the reality is these companies are worthless. The downvotes come from comments like "OpenAI is trying to dump their garbage". At best that's a silly thing to say. We can argue "fair market value" but it's not zero.
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On one hand I do take some enjoyment of suckers being fleeced. But on other hand I know who this all will benefit so I really can't do that.
As whole I find that valuation just insane, but seemingly if you only offer tiny enough slice with enough hype it might bump prices to something that really make no sense at all...
The suckers being fleeced are every pension fund in the world. They're demanding the S&P includes them faster to force ETF owners to buy in before the price tanks.
God forbid we participants in the stock market evaluate a business before investing in it, or do any sort of work to get the return we're promised.
I, for one, much prefer to earn a 9% return without expending any effort or thought at all.
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Why are they being fleeced? If people didn't want to buy SpaceX they could buy some other ETF that doesn't include it. If there's enough of a demand I'm sure ETFs will be offered which include all the big indexed stocks except SpaceX.
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Unless you literally have nothing, YOU are one of the millions being fleeced. Pensions & retirement funds, any index fund that comes remotely close to technology, any equity you own in a venture in tech, any industry that via very short linkages is connected. Good luck avoiding this.
You only get "fleeced" if the stock crashes. If it's that terrible of a stock then the price will be low. As far as SpaceX goes, I think there are far riskier companies with little prospect of doing well.
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Bollocks valuation. There isn't that much demand for space and it's not that profitable.
I hate that I will have to invest in this crap with my retirement index funds
What's in the SpaceX Files and why aren't they already public?
Details of alien encounters and abductions, paranormal and psychic phenomena, as well as crypto-zoology and curious human abilities.
reads headline again
Oh. Probably all the money burnt in AI training and data centers.
the truth social is out there
That is what I'm talking about, finally someone is asking the real questions.
The big numbers are the cost to train a frontier LLM and the GPU cost per hour.
Outstanding comment.
4 different levels to unpack: Literal IPO question, Epstein cover-up (gov. won't just do it), aliens (X-Files) cover-up, and finally the Elon-Epstein connection (email files thread to host him at SpaceX).
Just more pedophiles and their supporters.
What? OP wasn’t trying to make an Epstein files joke?
Clintons?
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[flagged]
Sensitive financial information. It is normal for companies to file confidentiality to avoid leaking information early.
Parent commenter is making a joke about the fact that, in the title "SpaceX Files to Go Public", the word "Files" could be read as either a noun or a verb.
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They are going IPO close to Elon's birthday (26th or 29th June) aren't they? Like they did with Tesla.
But as soon as they IPO, that's a signal to head for the exit before it all collapses again.
TSLA is up 300x from what it IPO'd at
But it was also flat last year and the financials are atrociously bad. Reality is catching up.
[flagged]
The five stages of Elon Musk:
I've got plenty of downvotes here on HN for critiquing him on Stage 1, herd mentality is relevant for HN community just as well.
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A space company in the pursuit of profit... what could possibly go wrong.
ugh he's going to be worth > 1T and go on to have even more influence than before. this is so bad for society.
idgaf about the company. sure they proved the space and moved the space forward just like Tesla did with electric cars but why did it have to be Elon?
Does this mean that before june SpaceX will do something highly noteworthy, to justify the IPO price?
Elon will announce roborockets that pick you up and fly you to Mars in under 12 hours while you hypersleep in the ExaShip. Production starts definitely next year.
I mean for some reason this was downvoted, and your answer is sarcastic, but my question was genuine. As far as I can tell, SpaceX's business model is doing government contracts, and selling space internet, and they had serious cashflow issues before, I mean building Starship has brought them close to bankruptcy multiple times.
They would need a very good story to sell to investors.
If it goes public, does that means Musk won't own any of it? Can we rip it out of his filthy hands?
Likely only a shameful % of the company will float.
Expect a Facebook-style stock offering with 90% of the voting power in a special share class not available to retail.