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[stub for offtopicness] [All: please don't post unsubstantive comments to HN. You don't have to like $Company or $Person, but when the banned accounts are post
by dang 7mo ago
[stub for offtopicness]
[All: please don't post unsubstantive comments to HN. You don't have to like $Company or $Person, but when the banned accounts are posting more thoughtfully than the rest, that's... bad.]
- deleted 7mo ago[deleted]
- mtharrison 7mo agoWhat's in the SpaceX Files and why aren't they already public?
- throwaway85825 7mo agoThe big numbers are the cost to train a frontier LLM and the GPU cost per hour.
- charcircuit 7mo agoSensitive financial information. It is normal for companies to file confidentiality to avoid leaking information early.
- wavemode 7mo agoParent commenter is making a joke about the fact that, in the title "SpaceX Files to Go Public", the word "Files" could be read as either a noun or a verb.
- mtharrison 7mo ago:)
- riffraff 7mo agothe truth social is out there
- MisterTea 7mo agoDetails of alien encounters and abductions, paranormal and psychic phenomena, as well as crypto-zoology and curious human abilities. reads headline again Oh. Probably all the money burnt in AI training and data centers.
- deleted 7mo ago[deleted]
- deleted 7mo ago[deleted]
- SunshineTheCat 7mo agoThat is what I'm talking about, finally someone is asking the real questions.
- tastyface 7mo ago[flagged]
- 1970-01-01 7mo agoOutstanding comment. 4 different levels to unpack: Literal IPO question, Epstein cover-up (gov. won't just do it), aliens (X-Files) cover-up, and finally the Elon-Epstein connection (email files thread to host him at SpaceX).
- righthand 7mo agoJust more pedophiles and their supporters.
- mikkupikku 7mo ago[flagged]
- saalweachter 7mo agoThe five stages of Elon Musk: 1. Elon is a genius, a real world Tony Stark. 2. How dare you! You're just jealous! 3. Ok, regardless, he's done more to advance EVe and space travel than anyone else alive. 4. Oh God, he's going to cripple US development of EVs and rockets, isn't he? 5. Eh, Mars was never happening in my lifetime anyway.
- deepsun 7mo agoI've got plenty of downvotes here on HN for critiquing him on Stage 1, herd mentality is relevant for HN community just as well.
- mikkupikku 7mo agoIf you're not getting downvoted at least some of the time on HN you're doing something wrong. I've caught plenty of downvotes myself for arguing that Mars was never going to happen and is just a recruiting tactic for SpaceX to hire idealistic young engineers and pay them sub-market wages because the dream of Mars is part of their compensation. All the hardware they've actually invested in, including Starship, is in fact foremost for launching satellites into Earth orbit. Starship in particular is optimized for this.
- rvz 7mo ago"Full Self Driving" was also a giant scam. Got heavily downvoted for that as well.
- ACCount37 7mo agoYou should expect to be downvoted for being wrong.
- 7mo ago
- gigatexal 7mo agough he's going to be worth > 1T and go on to have even more influence than before. this is so bad for society. idgaf about the company. sure they proved the space and moved the space forward just like Tesla did with electric cars but why did it have to be Elon?
- throwaway85825 7mo agoTrying to dump on the market before the bubble pops.
- outside2344 7mo agoNot sure why you are being downvoted. This is exactly what is happening and why OpenAI is trying to IPO to dump their garbage as well.
- skeeter2020 7mo agomaybe it's the histrionics? Thse personalities are inevitably inflating their own balloons in order to cash out, but that doesn't mean the reality is these companies are worthless. The downvotes come from comments like "OpenAI is trying to dump their garbage". At best that's a silly thing to say. We can argue "fair market value" but it's not zero.
- throwaway85825 7mo agoWhat is the fair market value of an AI company that loses >$10B/year? Of course they have assets that could be stripped and sold for profit but public creditors come last. It's also going to be no where near their private valuation.
- senectus1 7mo agobecause its not accurate. they're milking the market. not dumping on the market. they're only (sic) going for 75 billion. with an evaluation in the trillion mark. This is just more speculative investment. you'll see this again in another year or so with a bigger evaluation on it... it's how the modern economy now "works".
- throwawaypath 7mo agoI netted six figures selling options to doomers like you last year. Please keep this energy up.
- CalChris 7mo agoThis is structured so that Musk becomes the first trillionaire.
- Detrytus 7mo agoYeah, that's probably the only reason for SpaceX going public.
- Ekaros 7mo agoOn one hand I do take some enjoyment of suckers being fleeced. But on other hand I know who this all will benefit so I really can't do that. As whole I find that valuation just insane, but seemingly if you only offer tiny enough slice with enough hype it might bump prices to something that really make no sense at all...
- throwaway85825 7mo agoThe suckers being fleeced are every pension fund in the world. They're demanding the S&P includes them faster to force ETF owners to buy in before the price tanks.
- indoordin0saur 7mo agoWhy are they being fleeced? If people didn't want to buy SpaceX they could buy some other ETF that doesn't include it. If there's enough of a demand I'm sure ETFs will be offered which include all the big indexed stocks except SpaceX.
- throwaway85825 7mo agoRestructuring every ETF to be S&P but prior rules and no SpaceX would be enormously difficult.
- throwaway290 7mo agoYes Americans will definitely move their 401k over this /s Its fleecing because it basically takes everybody's money and gives it to support musk's money loser xai. SpaceX net profit 8 billion per year (previous years much less) and Xai was net losing 1.5 billion per quarter.
- michaelt 7mo agoGod forbid we participants in the stock market evaluate a business before investing in it, or do any sort of work to get the return we're promised. I, for one, much prefer to earn a 9% return without expending any effort or thought at all.
- rvz 7mo agoThey are going IPO close to Elon's birthday (26th or 29th June) aren't they? Like they did with Tesla. But as soon as they IPO, that's a signal to head for the exit before it all collapses again.
- indoordin0saur 7mo agoTSLA is up 300x from what it IPO'd at
- bobsomers 7mo agoBut it was also flat last year and the financials are atrociously bad. Reality is catching up.
- outside2344 7mo agoI hate that I will have to invest in this crap with my retirement index funds
- torginus 7mo agoDoes this mean that before june SpaceX will do something highly noteworthy, to justify the IPO price?
- WarmWash 7mo agoElon will announce roborockets that pick you up and fly you to Mars in under 12 hours while you hypersleep in the ExaShip. Production starts definitely next year.
- torginus 7mo agoI mean for some reason this was downvoted, and your answer is sarcastic, but my question was genuine. As far as I can tell, SpaceX's business model is doing government contracts, and selling space internet, and they had serious cashflow issues before, I mean building Starship has brought them close to bankruptcy multiple times. They would need a very good story to sell to investors.
- mrlonglong 7mo agoIf it goes public, does that means Musk won't own any of it? Can we rip it out of his filthy hands?
- 2OEH8eoCRo0 7mo agoBollocks valuation. There isn't that much demand for space and it's not that profitable.
- nickvec 7mo agoA space company in the pursuit of profit... what could possibly go wrong.
- deleted 7mo ago[deleted]
- kakflelajf74 7mo agoHow can I avoid my retirement and index funds being a part of this garbage?
- nutjob2 7mo agoMaybe someone will start selling a Nasdaq minus Musk index fund.
- JumpCrisscross 7mo agoDon’t buy it. If you don’t have enough money to directly index, don’t waste time trying to pick stocks or time the market.