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Unless you literally have nothing, YOU are one of the millions being fleeced. Pensions & retirement funds, any index fund that comes remotely close to technolog

by skeeter2020 7mo ago

Unless you literally have nothing, YOU are one of the millions being fleeced. Pensions & retirement funds, any index fund that comes remotely close to technology, any equity you own in a venture in tech, any industry that via very short linkages is connected. Good luck avoiding this.

indoordin0saur 7mo ago
You only get "fleeced" if the stock crashes. If it's that terrible of a stock then the price will be low. As far as SpaceX goes, I think there are far riskier companies with little prospect of doing well.
- FireBeyond 7mo ago
  How about xAI? Losing $6B a year and with that whole "Grok, generate me an image of this child with no clothes on" horrorshow? Sorry, "xAI, a wholly owned subsidiary of SpaceX".
  - indoordin0saur 7mo ago
    1.) All the image generation models will do that, xAI is just the one that caught flak for it 2.) SpaceX made $16B in profit last year, despite its enormous R&D costs and is on track for $20B this year, despite the losses from AI. People still wise to invest in Google despite their AI business still being a huge loss
    - FireBeyond 7mo ago
      > 1.) All the image generation models will do that, xAI is just the one that caught flak for it Perhaps. But that's a huge undersell. "just the one that caught flak"? No. The one with nearly zero guardrails. Where users could trivially create underage porn, bestiality, etc., using prompts that you could put into any other AI and just say "does this image generation prompt seem likely to create legally problematic content?" No, Captain Free Speech said fuck it, let's roll.
      - torginus 7mo ago
        Not that I approve of that, but when image generation was hot and new, the insane amount of refusals I got from the major ones for apparently no reason, exacerabated by the general slowness, quotas and inherent trial and error workflow has completely soured me on them.
- lokar 7mo ago
  They are only selling a small % of the shares in the IPO and subsequent weeks. With a tiny float the price will almost certainly go up as a limited number of enthusiastic investors buy in. The plan is to then line up the lockup expirations so they sell into the index re-balance, a ton of new non-discretionary demand to match the new supply. It's manipulation.

indoordin0saur 7mo ago

You only get "fleeced" if the stock crashes. If it's that terrible of a stock then the price will be low. As far as SpaceX goes, I think there are far riskier companies with little prospect of doing well.

FireBeyond 7mo ago
How about xAI? Losing $6B a year and with that whole "Grok, generate me an image of this child with no clothes on" horrorshow? Sorry, "xAI, a wholly owned subsidiary of SpaceX".
- indoordin0saur 7mo ago
  1.) All the image generation models will do that, xAI is just the one that caught flak for it 2.) SpaceX made $16B in profit last year, despite its enormous R&D costs and is on track for $20B this year, despite the losses from AI. People still wise to invest in Google despite their AI business still being a huge loss
  - FireBeyond 7mo ago
    > 1.) All the image generation models will do that, xAI is just the one that caught flak for it Perhaps. But that's a huge undersell. "just the one that caught flak"? No. The one with nearly zero guardrails. Where users could trivially create underage porn, bestiality, etc., using prompts that you could put into any other AI and just say "does this image generation prompt seem likely to create legally problematic content?" No, Captain Free Speech said fuck it, let's roll.
    - torginus 7mo ago
      Not that I approve of that, but when image generation was hot and new, the insane amount of refusals I got from the major ones for apparently no reason, exacerabated by the general slowness, quotas and inherent trial and error workflow has completely soured me on them.
lokar 7mo ago
They are only selling a small % of the shares in the IPO and subsequent weeks. With a tiny float the price will almost certainly go up as a limited number of enthusiastic investors buy in. The plan is to then line up the lockup expirations so they sell into the index re-balance, a ton of new non-discretionary demand to match the new supply. It's manipulation.