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First round of insider shareholders haven’t legally been allowed to even liquidate yet. This will be a bloodbath.
do we know when that’s gonna happen? i heard they used some loopholes to allow insider holders to sell early.
It’s more a question what’ll happen to the other AI companies. Investors have now seen the first of the big ones tank. They’ll wonder if the same will happen with OpenAI, Antrophic and other AI adjacent like Microsoft, Nvidia. For a bunch of companies living of venture capital, that’s deadly.
I thought SpaceX made space rockets?
After the merger with xAI, that’s about 22% of their business. The rest is AI. The brochure will tell you about reaching for the stars and living on Mars, but the main product is actually Grok.
Which just goes to show you how bullshit the profit margins are on space travel when they gotta turn the business into a chat bot to be “profitable”
I mean the only part of SpaceX making money is the space part, starlink
That’s the part making revenue, we’re unsure if it’s making a profit.
I disagree. That part is actually a somewhat reasonable business (though partially held up by public funds through contracts). The issue isn’t what part is profitable. The issue is what part is getting all the investment and speculation. SpaceX was probably still overvalued for a space company, but they were doing something with measurable tangible value. The AI side is pure promise, and it’s only speculation, and the speculation is wild. It’s valued higher than something that’s actually making profit.
I get what you’re getting at, but I’d argue that we should look holistically at spacex. If their business model is launching a bazillion satellites and making a bazillion dollars we have to look at the entire launch complex as operating capital of starlink and spaceai. It all depends on starship launching a bazillion times a day so we should include development costs of starship as costs of starlink. The need for these businesses are necessary because the boom in private bookings of rocket launches that was anticipated with cheap launch services hasn’t materialized and so they have an airport and planes without passengers.
I ain’t no rocket economist but it seems “all the money” that starlink makes arent enough.
I was wondering why the stock price was so high. Makes a lot of sense now.
some people say it’s august 8 then august 20
Does anyone say it on a platform that I’m willing to access?
Gonna go grab my rubber ducky.
Musk announced on social media that “Grok for Excel is live,” referencing the platform’s conversational AI tool.
Hahahahaha wtf is this shit?
No, you don’t get it, Musk has a plan.
Step 1: It fails utterly and completely. Step 2: Musk goes on Twitter/X, and says, “Had to add more math to training data.” Step 3: CSAM and MechaHitler for some reason. Step 4: Musk demands to speak to Grok’s manager.
After that, it’s basically a straight line to success.
Sounds like a great plan. I’ll get my popcorn. 🍿
Tankin the economy with one easy trick!
Never thought I’d need to specify a vlookup needs to be 18+ only
It can go lower!
not low enough
To shreds you say?
And how’s his fifteenth incubator?
To shreds you say?
Now do TSLA.
Meme stocks are meme stocks
Buttlicker, our price have never been lower!
Son you’ll have to speak up I’m a bit hard of hearing
HE SAID THINGS ARE MFING CHEAP RIGHT NOW. AROOOOOO
Bears, beets, Musk’s fake hair
Its barely got history on the stock market so its hardly a ‘record low’. Just say the price has dipped and leave it at that.
But how will we know if it’s SLAMMED or DESTROYED if they don’t say it?
Yeah, but that doesn’t make for good clickbait.
And most people who will click on this article don’t have a fundamental understanding of the stock market, investing, or why this isn’t really that big of a deal.
(Still, however, don’t invest in SpaceX. The stock is structured so retail investors don’t have meaningful voting rights.)
is it not a record low? what if it went up for the rest of its existence. would this point in time not be recorded as its historic low point?
If it’s the lowest it’s been to date, it’s literally a record low. Calling it that is accurate and usefully descriptive.
How is that ‘useful’? If you had zero prior knowlege you’d be forgiven for thinking they had been trading for decades.
It’s useful because it’s literally true. The stock hit its all time low. That interesting if the stock is decades old, and it’s interesting if the stock is weeks old. Whatever a person imagines has no bearing on any of that.
I don’t think the price of space x shares matter at all to someone who didn’t know it released recently. And if they decided they suddenly do care, they could just open the article and read it.
This is expected for a stock like this. What we’ll now be able to see in the next few months is where the real valuation stands.
Not sure Iif I understood it correctly, but consumer indices may already have bought overpriced shares
Not tech, but good news nevertheless :D
Oh no! Anyway.
For a good laugh have a stroll through the yahoo finance comments. It’s bounced back up to 126ish now. The hooting noises are just…so funny to hear.
Lmao
Ha, eat shit Elon.
