Short?
this post was submitted on 20 Jun 2026
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Boo hoo my shares in a company owned by a fascist and with absolutely awful revenue in comparison to it's valuation are losing value just as expected
cry me a river
All of this.
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After briefly pushing SpaceX’s market value close to $3 trillion, investors have begun reassessing whether the stock’s rapid advance can be justified by fundamentals.
Nothing in the stock market has been about fundamentals for a very long time. Especially regarding Musk companies.
I believe Uber was the company to break the fundamentals game
The entire fundamentals game was broken back in around 2012 when, in the aftermath of the 2008 Crash, Central Bank meetings setting interest rates became more important in setting the direction the Stock Market took (up if they lowered interest rates, down if they did not) than fundamentals.
It just so happens that the period when Uber rose coincided with that period of high interventionism by Central Banks which lasted almost a decade since their solutions for the 2008 Crash did not address the underlying causes and the recovery following that Crash was one of the slowest post-Crash recoveries ever (in fact, Interest Rates and GDP Growth are still not back to their historical trends).
It wasn't Uber who broke the Financial System's reflection of real wealth creation, it was Zero Interest Rate Policy flooding the Economy with pretty much free money and Too Big To Fail meaning that certain Financial Institutions could do every Financial Crime they felt like and never really be punished for it and take any risk they felt like because Central Bank money was always there in the background to save them if they went too far.
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So the pump dumped?
Wow. Such surprise. /s
That's a weird way of saying a stock started at $135 and is now at $181 a week later, but some people bought it when it was higher than that for a few days.
I mean seriously? I want spacx to fail super hard and musk to get completely dumped on, but this amount of volatility is completely typical when well known companies start an IPO. It sucks it's like 35% higher than the initial offering price.
This company can NEVER take the financial trajectory they planned for it. Their revenue is dogshit, and when the AI part of the company goes down the drain, even Musk wont be able to salvage the wreckage.
Don't worry. We all get to prop up this failing stock in the next few days, when the Indexes start getting forcibly loaded up with Elmo's latest meme stock. Then the disease will just be endemic in our portfolios.
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I mean, is it really an IPO if it isn't insanely overpriced when initially offered?
Yeah, I would say it's quite usual to see a big dip right from the start. It's just hamsters for whom buying Space X is their first trade don't know about that
Initially no, they're designed to be under so that it surges after ipo, that makes it look good performance.
Well this one's designed to slip quickly into index funds and forced buying, so it makes sense to be high.
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Saying the average buyer is almost underwater is another way of saying that the average buyer has made a profit.
The media does this constantly with Elon.
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Gonna be funny when every rocket lauch failure tanks the stock, they should have stayed private lmfao
stayed private, and never merged with xAI/Twitter
What a facade this "corporation" shit is. So the "stake holders" had literally the #1 space company in the world and agreed to merge it with two failing products in their own respective niches?
Pretty much yep. Elon has a controlling interest in SpaceX so I think that was just his outright decision, unless he had to abstain and let the investors decide? I'm not sure if he had a controlling stake in xAI.
Edit: You also left off 'overvalued' when referring to xAI/Twitter. I think SpaceX honestly could have grown into it's individual valuation pre-merger.
I wouldn't be surprised if the opposite happened given how this gimp's companies are known for being divorced from the fundamentals.
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Stock that has existed for exactly two weeks moves in any direction
"The people who bought this IPO are going to have their lives changed forever."
Oh look, the completely expected and basically dependable event that happens after EVERY IPO, happened. Anyone jumping on an initial IPO is a fucking idiot. They always go under.
They might eventually still make it back to be profitable if they wait months or even years... or they could have waited a few weeks and bought the inevitable dip and never been underwater in the first place, making more profit.
The only IPO I ever jumped on was ARM Holdings, and that actually ended up doubling within a couple weeks. Made a tidy profit on it, then dumped it when it plateaued.
Bet you wish you held it now though. Up about 7x since it first opened.
Notably ARM was not mainstream when it IPOd either, meaning it was a safe(r) bet at the time.
Most IPOs have become sensationalized to drive up interest, which is terrible for everyone except a select few.
I'm not sure what you mean. It already had complete dominance of the smartphone market, which was, at the time, still growing.
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$185 is still way above the already ridiculous IPO price of $135. If this market made any sense, it wouldn't have gotten this high in the first place, but since we're here, it should really continue dropping. However, knowing how this market is, I wouldn't be surprised if this is just a momentary dip before going back up for some dumb made-up reason.
Yeah, unerring faith in the magical powers of Elon continues to be a hell of a drug. Tesla does not remotely justify its current valuation either.
Good :D
That was the entire point of the IPO wasn't it? Funnel money to Elon and his friends and leave the rest of the (less connected) idiot investors holding the bag? Anyone who didn't own before it could sell wasn't one of the in-crowd that was supposed to be handed money. If you did buy, you weren't buying based on any business fundamentals and should have known to sell as soon as any gain could be realized which would have been hours or even minutes after buying.
Someone more knowledgeable than me please correct me if I'm wrong but I don't think any of the original private investors have been capable of selling anything and I don't think they will be able to for another 30 or 60 days.
And IMO, I think Elon is thoroughly convinced that he will have another Tesla stock situation on his hand, where it generally keeps going up unreasonably for many many years.
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-digs around in depths of my heart for some sympathy-
Nope, fresh out.
This is normal for an IPO look at the history of ASTS or RKLB they very similar to SPCX and have a lot of volatility.
I’ve made a lot of money on both. But I refuse to invest in companies owned by fascist pricks who has gleefully killed people and has boasted about it.
lol ... psychopaths and sociopaths with a never ending thirst for profit are surprised that infinite growth no matter how much you want to believe in it can not sustain itself are surprised when their money can't magically grow any more.
Omg. How?? Nobody foresaw this
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