uriel238
It's down to $154 as of 2026-06-22, 4PM EDT, which is still higher than the IPO. But analysts called the IPO a bear price anyway. It's a bad time to buy.
I'd say wait until the market comes to its senses and SPCX makes its correction, but currently much of the whole Stock Market is overvalued based on futures. Meanwhile rich people are investing in gold and bonds.
According to How Money Works, OpenAI and Anthropic are going to soon make their IPO and Alphabet is going to do a revision thing (that I don't fully understand) so there's going to be a lot of extra supply for those wanting to buy brand new stocks. Also, US Bonds are being offered at a higher interest deal. So there are a lot of circumstances that suggest SPCX is not going to retain its high value.
Also, as has been covered before, SPCX is losing money, is $20 billion in debt, and its valuation is based on some super long term promises like a Mars colony (of one million people, not just a manned mission) and data centers in orbit. Making fat promises that don't get fulfilled is part of Musk's shtick. He's confidence-gamed his way to his trillion.
Used to track exes and stalking subjects in 3... 2... 1...
This is how I know that the USA is just the first of the neoliberal states on a fast track to societal collapse. Throughout the industrialized world we're seeing the rise of the surveillance state, the influence of billionaires and the rise of far-right movements sponsored by the ultra-wealthy.
The disease infecting the United States is contagious.
I'm sure that the majority of smokers do not believe that tobacco production or consumption is a benefit to society.
What technology promise did he make that he kept?
His promise of self-driving cars turned into a huge pile of accidents, especially since he insisted (still insists) that autopilot operate on a single sensor. Waymo uses five.
It's not like his companies did nothing. Getting his launch vehicles to land safely, vertically, was way cool, but a small step on the way to space colonies or space tourism.
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.
Given they've postponed the standards until 2028, I am skeptical our legislators will be able to develop a viable benchmark. And then I don't imagine it's possible to enforce it.
This is likely to die in court.
I hope he doesn't cook data to get manned Mars shots approved. Or some astronauts will get cooked.