Just imagine how many problems 600bn USD would solve. Instead, it's just fake virtual currency flowing through the hands of a few billionaires
this post was submitted on 19 Jun 2026
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They could probably just about clean a small pond for that amount of money.
The valuation of the stock is based on Musk doing what he's always done, which is making seemingly impossible promises sometime in the future.
You know what he promised by 2025? A fleet of driverless Tesla taxis. xAI producing the first AGI. A human being on Mars planting a flag.
You know what the evaluation of SpaceX is based on? The promise of a Mars colony with one million human inhabitants, and space-based data centers. It's going to be decades before it's worth the IPO, if ever.
In the meantime SpaceX is in debt 20 billion, and is bleeding money. It lost $4.94 billion in 2025.
So it looks to me like a private equity project. Like Toys 'R Us or Radio Shack or Claire's. Remember those?
And Nasdaq-100 is fast-tracking SpaceX into its portfolio after 15 days. Soon, pension funds and 401(k)s are going to feature SpaceX stocks. So when it does implode, a lot of worker-class folk are going to eat the loss.
You know who I bet will not be eating the loss? Trillionaire Elon Musk.
For all his false promises: https://elonmusk.today/
Looks like the webmaster (do people still use that word?) is asleep at the wheel there.
Last update 266 days ago.
My favorite part about data centers in space is it may actually be impossible from a physics standpoint to build the heat radiators large enough for even a small one. Even though space is cold and would seem to make sense, it is also a destructive vacuum and to radiate even a small amount of heat outside of a shielded core would take a huge array of radiators
No, it's totally possible. Not with any technology we've ever built, maybe not with any technology we can build, but physics doesn't preclude it outright.
Your point still stands though. It's a promise that's impossible to meet within the lifetime of the investors.
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Jesus Christ thank you for reminding me to confirm I keep his shit as far away from my pension as possible. Thankfully I'm in Canada so I feel there's a hope
Narrator: He was wrong.
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One should note that the stock is still up $50 per share up from its IPO price ($135 vs $185 or about 37%). Also the Cursor option was fully outlined before the IPO so it shouldn't surprise anyone.
Not that I don't think all of this is dumb, it's just another hype / gambling stock without much substance led by Elon who got his Twitter buyout.
No crying in the casino
xAI buried inside SpaceX wasn't enough to make them uncomfortable?
It's worse than that... what they IPO with is basically a tiny percentage of SpaceX composed solely of xAI
The entire stock market is basically 99.9% blind speculation and 0.1% basic math, which is why it rarely makes sense
It's not even a surprise, this is from SpaceX s-1 document: only 7% of their estimated valuation is from Space related activities
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This is the usual fleecing of the retail investors by the institutional sponsors.
The only people surprised are the retail investors.
Down 6%.
The line wiggled a bit.
I think you mean PLUNGED or DECIMATED!
/s
Also I’m sick of these words in titles. As you said it’s barely a ripple overall.
Well, and 5% the day before, and likely another 10% by the time it shakes out.
Morningstar puts the price at $62/share, so that's a possibility there.
Once again, wealth trickles up to the billionaires.
Capitalism! Gotta love it, or not.
I choose 'not'
I got my stupid 111€ profit from the stupid shares after selling it off.
Hope it dies in a fire.
Every 5 years or so, I get an $80US residuals check from my uncle's estate. Hey, it's a couple bottles of decent wine.
Sure would be nice to have some food, affordable housing, and healthcare…
Get out of here, fracking lazy SOCIALIST!! 😡
They keep going around trying to make the world a better place. Awful hateful people.
Right??! Frack them!!
Y'all just need to pull yourself up by the bootstraps
I get it. I have a uniquely shaped rock that I found in a ditch. I value that thing at about 530 billion dollars. /s
Does it repel tigers?
Only under water
I will buy this rock.
Absolutely!!
Initial price was $135. Then it climbed to $210ish. Now $185.
Pretty regular stuff for a new IPO meme stock. Don't go on the ride if you don't like the speed.
There is literally nothing but hope behind the valuation. Same as Tesla. Just dreams and hopes.
That’s not true, it’s betting on American corruption…which is a pretty good bet.
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