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That may be true, but the stability comes from it being privately held -- the SpaceX stock doesn't swing wildly every time some news about their competition wit
by Johnny555 8y ago
That may be true, but the stability comes from it being privately held -- the SpaceX stock doesn't swing wildly every time some news about their competition with Boeing is released.
- gamblor956 8y agoBoeing is publicly traded under the ticker BA...
- Johnny555 8y agoI meant the SpaceX stock doesn't swing wildly every time news like this comes out: https://www.investopedia.com/news/spacex-will-fly-astronauts-boeing-nasa/ https://www.investopedia.com/news/spacex-will-fly-astronauts... Or this: https://arstechnica.com/science/2018/07/nasa-commercial-crew-analysis-finds-boeing-slightly-ahead-of-spacex/ https://arstechnica.com/science/2018/07/nasa-commercial-crew... (I clarified my original comment)
- gamblor956 8y agoSpaceX is privately held, unlike Tesla.
- Johnny555 8y agoYes, that's the point.
- microtherion 8y agoA profitable company has no need to be excessively concerned about its stock price. Of course, at some point, shareholders might consider putting on pressure, but that doesn't really seem to have happened even with Tesla. And in closely held companies, that kind of pressure is much stronger — it's not like Musk has $70B of spare change in his couch pillows, so he'll always have to deal with co-owners.
- nine_k 8y agoMost importantly, the co-owners are less likely to ask why a particular step to maximize profits in this quarter hasn't been done. To say nothing of activist shareholders who theoretically could sue; such things killed a few still-profitable companies, and Tesla isn't one yet.