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
this post was submitted on 20 Jun 2026
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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 meeting setting interest rates started pretty much dictating the direction the Stock Market took (up if they lowered interest rates, down if they did not).
It just so happens that the period when Uber rose coincided with that period of high interventionism by Central Banks which lasted quite 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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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.
I think people might see that sometimes, but not understand why, because they just see a starship blows up headlines and don't understand what is happening as it's a test program (for now), and the headlines / stories don't convey that.
So when things explode, sometimes it's fine, and the stock might go up because a lot of really important things still were tested, some for the first time, and they went well.
Other times, things will explode and it can cause huge delays, and while they learn something, it's still 'bad' compared to the above blow ups, and the stock will very likely go down when these ones happen.
But OP is right, they brought this new chaos upon themselves by going public. They really shouldn't have done it yet.
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."
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.
I don't own any ai effected tech stock, but I know my entire portfolio will go down when the ai bubble bursts. Sucks. Not sure if I'll try and sell off and buy the dip back in, or just ride it out, yet.
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So the pump dumped?
Wow. Such surprise. /s
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
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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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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.
Man, I was having a good day, too...
A win is a win!
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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.
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.
There's a lockup period ya. I heard they reduced the duration though, but it's typically 6 months.
Anyone who bought at $135 the money went into SpaceX's balance sheet.
Anyone buying after the $135 is buying from people who bought those $135 shares.
Mark Cuban is famous for having zero cost collared his shares that he couldn't sell and getting out of the dotcom bubble with his money since it protected him from the downside that happened, so maybe it's possible they've done that here as well?
$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
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