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SpaceX Is Basically a Huge Meme Stock
- BobAliceInATree 6mo agoThere's a reason why he's trying to reserve 30% of the IPO for retail investors.
- hampowder 6mo agoplease elaborate
- deeviant 6mo agoThere are ~7 born per minute. 95% of them are retail investors. If you want actual reason, it's because he uses it as a money battery, i.e. funding xAI and SPACE DATA CENTERS.
- killingtime74 6mo agoBagholders
- caminante 6mo agoDoesn't seem right as plenty of institutionals get cooked. He claims loyalty with long-term holders who trust him (read:less nagging and more license). I suspect it's also more convenient for his IR team to avoid worthless meetings with super shareholders.
- tcp_handshaker 6mo agohttps://news.ycombinator.com/item?id=47606845 https://news.ycombinator.com/item?id=47606845 https://news.ycombinator.com/item?id=47613231 https://news.ycombinator.com/item?id=47613231
- Zigurd 6mo agoPlease hold this bag for me.
- justinclift 6mo ago* https://web.archive.org/web/20260414235001/https://www.theatlantic.com/ideas/2026/04/spacex-ipo-elon-musk/686793/ https://web.archive.org/web/20260414235001/https://www.theat... * https://archive.md/w1p99 https://archive.md/w1p99 Seems like a weird article though, with some inaccuracy in key data: > The company is in fact relatively small and losing money. Whereas it's widely reported to be profitable: https://www.reuters.com/business/finance/spacex-generated-about-8-billion-profit-last-year-ahead-ipo-sources-say-2026-01-30/ https://www.reuters.com/business/finance/spacex-generated-ab... (many reports of that same info around) The article also contradicts itself later on: > SpaceX’s rocket-launch and satellite-internet businesses are enormously profitable near-monopolies. Was this article just AI generated spam? :(
- barbacoa 6mo agoThey are likely including xAI and the massive training costs that entails in order to make it sound like all their ventures are losing money.
- whaleofatw2022 6mo agoIn fact lumping xAI in that to cause a loss likely provides some tax benefits vs putting it with Twitter/X itself
- rsynnott 6mo agoI mean, either a company is profitable or it is not. You don't get to say "if you ignore the massive pile of burning money in our parking lot, we are profitable". Or, well, I suppose you can _say_ that (see WeWork), but you can't expect analysts to be too impressed with it. The S-1 will be interesting; I wonder if they'll try going with a bulllshit metric like WeWork did ("Community Adjusted EBITDA", which was, seemingly, pretty much "profit, if you exclude basically all costs").
- Zigurd 6mo agoCockroaches everywhere: starlink revenue won't be enough to fund constellation sustainment. Refurbishment costs for Falcon 9 make the reusability economics dubious. And xAI is just a disaster. So is Twitter.
- teddyX 6mo agoYou misspelled fraud