5 ms·

SpaceX increases almost 30% after biggest IPO

33 points by somenameforme 5mo ago

root-parent 5mo ago
In Space nobody can hear you scam
- l23k4 5mo ago
  Who is being scammed? A very significant chunk of retail investors are buying into this stuff knowing it costs more than it's worth. Gamestop wasn't a scam either, even if the buyers have been irrational.
  - root-parent 5mo ago
    "Buyers know it’s overpriced" would excuse every scammer on Earth (and Mars...) Every pump scheme works because buyers think they can exit before the collapse. The core is insiders and banks converting asymmetric information and a sci-fi narrative control into exit liquidity. GameStop was a public market mania. In an IPO insiders and banks package the story, control disclosure, set allocation, collect fees, and dump risk onto later buyers. Calling this voluntary overpayment ignores the mechanism of exit liquidity.
    - l23k4 5mo ago
      >"Buyers know it’s overpriced" would excuse every scammer on Earth (and Mars...) I don't think so https://archive.fo/zcVCZ https://archive.fo/zcVCZ You've got people all over the place saying things like this: >Bryan Mitchell, in Indianapolis, is among those planning to buy. The 48-year-old marketing executive intends to invest several thousand dollars in the IPO. He has also poured tens of thousands into Baron Partners Fund, which holds a stake in SpaceX. >“This feels like the appetizer. You have to believe in Elon,” he said. “I’m willing to overpay for it just to say I’m part of the thing.” Bryan isn't being scammed, Bryan just wants to feel like he's a part of something greater and is willing to pay for that. It's not surprising that space travel would be the thing to inspire vast amounts of retail investors to behave in that manner. >GameStop was a public market mania. Was? >In an IPO insiders and banks package the story This is only true at a very theoretical level.
      - root-parent 5mo ago
        And the pump and dump never stops. Next step, stave what would the inevitable bankruptcy of Tesla: "SpaceX COO Shotwell says Tesla tie-up ‘might make Elon’s life a little easier’" - https://www.cnbc.com/2026/06/12/spacex-coo-shotwell-tesla-deal-makes-elons-life-a-little-easier.html https://www.cnbc.com/2026/06/12/spacex-coo-shotwell-tesla-de...
      - FireBeyond 5mo ago
        If only space travel wasn't almost a footnote to SpaceX's IPO. "The thing" Bryan is a part of is the worst and most controversial (and that's quite an accomplishment) of the frontier lab AIs.
      - netsharc 5mo ago
        > Bryan isn't being scammed, Bryan just wants to feel like he's a part of something greater and is willing to pay for that. It's not surprising that space travel would be the thing to inspire vast amounts of retail investors to behave in that manner. Heck, some centuries ago you could buy indulgences to fund the building of St. Peter's Basilica. Maybe the feeling is real, maybe it's to justify the greed to one's self (like you seem to be doing), but just like the Church was selling the idea of a great eternal afterlife to rob you, this company is selling the idea of an interstellar future to do the same.
        l23k4 5mo ago
        The church had to actively nag for those indulgences, with SpaceX people have been desperate to get their money in for years and years without SpaceX even asking for it. > Maybe the feeling is real, maybe it's to justify the greed to one's self (like you seem to be doing) For what it's worth, I do not own any spcx shares. I just think there's something fascinating happening here, and dismissing it as a mere scam because we dislike Elon Musk would be silly. > this company is selling the idea of an interstellar future to do the same It is also, perhaps, one of the easiest and more effective ways in which an individual can vote for such a future.
        5mo ago
  - root-parent 5mo ago
    Buyers know it’s overpriced" would excuse every scammer on Earth (and Mars...) Every pump scheme works because buyers think they can exit before the collapse. The core is insiders and banks converting asymmetric information and a sci-fi narrative control into exit liquidity. GameStop was a public market mania. In an IPO insiders and banks package the story, control disclosure, set allocation, collect fees, and dump risk onto later buyers. Calling this voluntary overpayment ignores the mechanism of exit liquidity.
  - root-parent 5mo ago
    My absolutely normal and financially based reply to you, is getting automatically flagged so its clear some of the YC people who got SpaceX pre-IPO shares ( yes its true...) dont want this discussed.
    - petilon 5mo ago
      I have had some completely innocuous messages (not SpaceX related) automatically flagged. There is some kind of bug here.
      - JumpCrisscross 5mo ago
        “Please don't comment about the voting on comments. It never does any good, and it makes boring reading.” (Not a condemnation. But an explanation for flagging.) https://news.ycombinator.com/newsguidelines.html https://news.ycombinator.com/newsguidelines.html
        petilon 5mo ago
        Automatic flagging is an algorithm, not the same as voting.
Heidaradar 5mo ago
it has also dropped significantly since (around a 19% increase now)
SilverElfin 5mo ago
Remember that xAI acquired Twitter/X, a failing overvalued business. And then SpaceX acquired xAI for a highly dubious $250 billion even though they’re irrelevant in AI. And today SpaceX’s president talked about merging with Tesla (https://techcrunch.com/2026/06/12/spacex-president-gwynne-shotwell-just-gave-another-hint-at-a-tesla-merger/ https://techcrunch.com/2026/06/12/spacex-president-gwynne-sh...), another weakening business. It seems like a shell game if being played where one company is used to bail out the investors of other companies. With all this merging, shouldn’t there be a case for breaking up SpaceX and not having it become some overly large conglomerate? How are all these dubious moves being blessed by boards of these companies - are they corrupt and stacked with Elon’s friends? And what of the pay structure Musk has. Will a merger with Tesla trigger its conditions in a dishonest way? Ultimately, SpaceX is WAY overvalued. Morningstar valued them at roughly half of the IPO price they were seeking (https://www.morningstar.com/stocks/spacex-what-investors-need-know-about-its-enormous-upcoming-ipo https://www.morningstar.com/stocks/spacex-what-investors-nee...). This spike does not make sense, and people will likely get burned at some point. But Musk will become a trillionaire.
- jkestner 5mo ago
  Don't forget that Tesla bought SolarCity to bail out Musk's cousins. I need a chart of all his mergers.
  - petilon 5mo ago
    [flagged]
    - l23k4 5mo ago
      Utterly nonsensical chart
  - SilverElfin 5mo ago
    Michael Burry made this chart to track just the Nvidia - SpaceX relationship: https://finance.yahoo.com/markets/stocks/articles/michael-burry-calls-nvidia-ai-093601475.html https://finance.yahoo.com/markets/stocks/articles/michael-bu...

33 points by somenameforme 5mo ago

root-parent 5mo ago

In Space nobody can hear you scam

l23k4 5mo ago
Who is being scammed? A very significant chunk of retail investors are buying into this stuff knowing it costs more than it's worth. Gamestop wasn't a scam either, even if the buyers have been irrational.
- root-parent 5mo ago
  "Buyers know it’s overpriced" would excuse every scammer on Earth (and Mars...) Every pump scheme works because buyers think they can exit before the collapse. The core is insiders and banks converting asymmetric information and a sci-fi narrative control into exit liquidity. GameStop was a public market mania. In an IPO insiders and banks package the story, control disclosure, set allocation, collect fees, and dump risk onto later buyers. Calling this voluntary overpayment ignores the mechanism of exit liquidity.
  - l23k4 5mo ago
    >"Buyers know it’s overpriced" would excuse every scammer on Earth (and Mars...) I don't think so https://archive.fo/zcVCZ https://archive.fo/zcVCZ You've got people all over the place saying things like this: >Bryan Mitchell, in Indianapolis, is among those planning to buy. The 48-year-old marketing executive intends to invest several thousand dollars in the IPO. He has also poured tens of thousands into Baron Partners Fund, which holds a stake in SpaceX. >“This feels like the appetizer. You have to believe in Elon,” he said. “I’m willing to overpay for it just to say I’m part of the thing.” Bryan isn't being scammed, Bryan just wants to feel like he's a part of something greater and is willing to pay for that. It's not surprising that space travel would be the thing to inspire vast amounts of retail investors to behave in that manner. >GameStop was a public market mania. Was? >In an IPO insiders and banks package the story This is only true at a very theoretical level.
    - root-parent 5mo ago
      And the pump and dump never stops. Next step, stave what would the inevitable bankruptcy of Tesla: "SpaceX COO Shotwell says Tesla tie-up ‘might make Elon’s life a little easier’" - https://www.cnbc.com/2026/06/12/spacex-coo-shotwell-tesla-deal-makes-elons-life-a-little-easier.html https://www.cnbc.com/2026/06/12/spacex-coo-shotwell-tesla-de...
    - FireBeyond 5mo ago
      If only space travel wasn't almost a footnote to SpaceX's IPO. "The thing" Bryan is a part of is the worst and most controversial (and that's quite an accomplishment) of the frontier lab AIs.
    - netsharc 5mo ago
      > Bryan isn't being scammed, Bryan just wants to feel like he's a part of something greater and is willing to pay for that. It's not surprising that space travel would be the thing to inspire vast amounts of retail investors to behave in that manner. Heck, some centuries ago you could buy indulgences to fund the building of St. Peter's Basilica. Maybe the feeling is real, maybe it's to justify the greed to one's self (like you seem to be doing), but just like the Church was selling the idea of a great eternal afterlife to rob you, this company is selling the idea of an interstellar future to do the same.
      - l23k4 5mo ago
        The church had to actively nag for those indulgences, with SpaceX people have been desperate to get their money in for years and years without SpaceX even asking for it. > Maybe the feeling is real, maybe it's to justify the greed to one's self (like you seem to be doing) For what it's worth, I do not own any spcx shares. I just think there's something fascinating happening here, and dismissing it as a mere scam because we dislike Elon Musk would be silly. > this company is selling the idea of an interstellar future to do the same It is also, perhaps, one of the easiest and more effective ways in which an individual can vote for such a future.
        5mo ago
- root-parent 5mo ago
  Buyers know it’s overpriced" would excuse every scammer on Earth (and Mars...) Every pump scheme works because buyers think they can exit before the collapse. The core is insiders and banks converting asymmetric information and a sci-fi narrative control into exit liquidity. GameStop was a public market mania. In an IPO insiders and banks package the story, control disclosure, set allocation, collect fees, and dump risk onto later buyers. Calling this voluntary overpayment ignores the mechanism of exit liquidity.
- root-parent 5mo ago
  My absolutely normal and financially based reply to you, is getting automatically flagged so its clear some of the YC people who got SpaceX pre-IPO shares ( yes its true...) dont want this discussed.
  - petilon 5mo ago
    I have had some completely innocuous messages (not SpaceX related) automatically flagged. There is some kind of bug here.
    - JumpCrisscross 5mo ago
      “Please don't comment about the voting on comments. It never does any good, and it makes boring reading.” (Not a condemnation. But an explanation for flagging.) https://news.ycombinator.com/newsguidelines.html https://news.ycombinator.com/newsguidelines.html
      - petilon 5mo ago
        Automatic flagging is an algorithm, not the same as voting.

Heidaradar 5mo ago

it has also dropped significantly since (around a 19% increase now)

SilverElfin 5mo ago

Remember that xAI acquired Twitter/X, a failing overvalued business. And then SpaceX acquired xAI for a highly dubious $250 billion even though they’re irrelevant in AI. And today SpaceX’s president talked about merging with Tesla (https://techcrunch.com/2026/06/12/spacex-president-gwynne-shotwell-just-gave-another-hint-at-a-tesla-merger/ https://techcrunch.com/2026/06/12/spacex-president-gwynne-sh...), another weakening business. It seems like a shell game if being played where one company is used to bail out the investors of other companies. With all this merging, shouldn’t there be a case for breaking up SpaceX and not having it become some overly large conglomerate? How are all these dubious moves being blessed by boards of these companies - are they corrupt and stacked with Elon’s friends? And what of the pay structure Musk has. Will a merger with Tesla trigger its conditions in a dishonest way? Ultimately, SpaceX is WAY overvalued. Morningstar valued them at roughly half of the IPO price they were seeking (https://www.morningstar.com/stocks/spacex-what-investors-need-know-about-its-enormous-upcoming-ipo https://www.morningstar.com/stocks/spacex-what-investors-nee...). This spike does not make sense, and people will likely get burned at some point. But Musk will become a trillionaire.

jkestner 5mo ago
Don't forget that Tesla bought SolarCity to bail out Musk's cousins. I need a chart of all his mergers.
- petilon 5mo ago
  [flagged]
  - l23k4 5mo ago
    Utterly nonsensical chart
- SilverElfin 5mo ago
  Michael Burry made this chart to track just the Nvidia - SpaceX relationship: https://finance.yahoo.com/markets/stocks/articles/michael-burry-calls-nvidia-ai-093601475.html https://finance.yahoo.com/markets/stocks/articles/michael-bu...