They have no one to blame but themselves. What kind of flaming idiot puts their trust in Musk after all he has pulled and all that was publicly available about the spacex stock being all about AI scam and not the previous core business of spacex.
Plus they were overvalued by a factor of like 100 if you can read and were bothered to read their prospectus and how/why they valued the company the way they did.
Wouldn't lose money if they weren't stupid. How did all of us peasant folk see what was coming, but the savvy investors couldn't?
But they'd never admit that we're intelligent. That would ruin their savvy investor persona. Instead, we're just too woke or have Musk Derangement Syndrome.
"Funny, I thought trendy stocks always went up quickly."
They are going to be really mad because it's still 2x to 4x what it's actually worth, it's gonna drop hard.
What about that orbital data center (a.k.a. "Mikoshi") idea btw? How is that feasible?! Do they want to drop all those shiny valuable RAMs and GPUs into the satellite graveyard when those satellites have worn out? Well, maybe the oceanic life can build new kinds of riffs with it. 🥲
I bet those fish really know their scales. 🎸🤘
"I gambled on a thing now I'm having a meltdown that it didn't go my way!"
Too many people have forgotten that the nazis are the bad guys.
People also forget that one of the fundamental parts of fascism is thievery. They steal money, gold, art, even ideologies and elections.
The primarily steal the future.
if they ever thought that way in the first place
I think many people forget how many Americans were pro-nazi before we entered the war. Not to mention how it was decades before the civil rights movement. I know this isn't an American site so it doesn't pertain to everyone, but there seems to be some type of collective amnesia of the values we had not even 100 years ago.
How did this not smell like a pump and dump to everyone?
I smelled the pump, I smelled the dump, but nobody takes investing advice from me.
Participating in and profiting from a pump and dump scheme is the new American dream.
I think the assumption was that the shortened window to list it in the NASDAQ 100 in 15 days meant that it would be bouyed by 401k money. I don't think early investors planned to be able to pump and dump so effectively that US retirement savings as a whole weren't enough to keep it up.
Because too many people gamble (sorry "invest") based on vibes and memes these days rather than fundamentals of the business and maintaining a properly diversified stock portfolio with a realistic time horizon.
They don't understand the concept of a pump and dump, and only see the people bragging about their quick wins rather than the majority that lose.
Oh no, it's the obvious and inevitable outcome that literally everyone saw coming. Who could have know this would happen??!1?
I dunno why yall are celebrating this.
Elon basically gaslighted retail investors, and managers for your retirement funds, into transferring wealth directly to Elon Musk.
Other index funds were forced to buy SpaceX at the IPO price. They literally had no choice, even if they knew they’d lose money. And this includes any overseas ones with exposure to US indices.
This is not something to celebrate. We all just got conned, even if you didn’t buy SpaceX directly.
because anger at this may, in some hopeful universe, inspire some change. luigi style change or otherwise.
We requested not to include any of his stock, I hope that's enough :(
It’s still going to be reflected in certain indexes, and market shifts in general, unfortunately.
Jokes on you, I nor any of the people I know, have a retirement fund lmao. This will overwhelmingly hit boomers and upper middle class yuppies in corporate jobs, and tbh fuck em both. If you work for a corporation and chose to be a stooge, you're also part of the problem.
This whole comment screams projection to me. Having a retirement fund is fairly normal, even if you aren't making the most money in the world.
no. it’d not normal. there is an entire cohort of non-working class without retirement, and working class folks with one half a paycheck from disaster.
I pulled my retirement funds from the market over a year ago when the market was clearly detatching from reality. They are in a cash account earning modest interest for now.
I don't let fools in a stupor play with my money.
I did the same but paid off debt and bought a house. Still ain't sure whether I chose wisely.
Yeah, I mean you’re preaching to the choir here.
I’m in individual stocks (that I think are sane) or assets everywhere I can be.
Hey guys don't worry! It's not a loss of all your money, just like it wasn't a full on Nazi salute.
I thought SpaceX was at least on the right track with Starship, but then I read this article talking about how even one trip to the Moon could take up to 20 launches:
SpaceX has done some impressive engineering feats but so far the only part of the business that has been profitable is Starlink. More importantly, Elon merged his AI business into Starlink shortly before it went public. I read somewhere that approximately 93% of the value of the IPO was based on the AI side and its wildly speculative projections for future income.
My point is that it almost doesn’t matter what they do with Starship, the company is massively overvalued unless Grok suddenly becomes the most popular AI in the world and everyone begins tithing to it.
What's worse for musk - china launched and landed its own reusable rocket. Successfully landed. Spacex only cash cow now have a solid competition from china. Tesla is already losing globally to byd, no reason to believe margins gonna improve there.
So if we assume they manage to build a fully rapidly reusable rocket and launch infrastructure (the latter of which is incredibly questionable), the only marginal cost increase is just labor to conduct the launches and consumables.
And the physics says more like 17 launches, but at the end of the day, that’s just how much it costs to send 200 tons to the moon, AND bring the rocket back. They’re not jettisoning stages or leaving the rocket behind in the moon like Apollo.
The numbers are mind boggling, and short of nuclear rockets and space elevators, there is literally no way to do this short of many, many, many tiny launches, and it’s way less risky to have those tiny launches refill a tanker in LEO than to send 20 launches to the moon independently. Plus there would be no way to send large pre assembled components like nuclear reactors and construction/manufacturing equipment. Everything would have to be manufactured and assembled on the moon.
So I’m not sure what the marginal cost per launch is. I remember reading that the propellant between Starship and Supeheavy is something like $100M per launch, which would put 20 launches at around $2B and would make the re-usability not actually a cost saver vs. an expendable rocket. However, I just read the article below that says the launch cost is more like $3-$5M, so I may have been completely off base in my original assumption.
https://spaceorbitals.com/articles/starship-v3-cost-per-kg-2026/
neat. so let’s not do it until we can do it without funding a nazi, a capitalist, or a war criminal?
Awww. Poor fuckwits bought into a nazi-run company.
I'm sorry they didn't lose more.
This is a most excellent place for technology news and articles.
