17 ms·

SpaceX built to separate retail investors from their money

35 points by nothrowaways 3mo ago

toomuchtodo 3mo ago
https://youtu.be/ag14Ao_xO4c https://youtu.be/ag14Ao_xO4c “We are selling to willing buyers at the current fair market price.”
- theplumber 3mo ago
  It’s worse!It’s more like someone found a bug into a legacy system(index funds) and is not exploiting along with some corruption bending the rules. A good chunk of population more or less directly will just end up holding the bags because they just followed the advice to buy index funds because companies are required to float % percentage, be profitable or whatever , and now the rules changed for this special Elon operation
  - toomuchtodo 3mo ago
    Hacker found an exploit, and exploited it.
kderbyma 3mo ago
Obviously....the entire american stock market is manipulated like this.....America has to hide its inflation somehow right???? The $T peg is the beginning of hyperinflation and clearly the entire economy is disconnected from reality.....American economics are a farce right now...your country is weapons and memes....you build nothing, services are revoked by tech bros and the entire world suffers for it....musk is one of the players...not the whole team though...buffet....gates...bezos....altman....amodei....fake fake fake fake fake fake fake
dzonga 3mo ago
people like George Noble while smart and arguing for common sense unfortunately lose when hysteria and foolishness i.e memes take over. Tesla is a meme stock. SpaceX will sell dreams about datacenters in space. as long as gullible foolish people believe in the meme or the fantasy dreams - arguing your case about valuation will just leave your pockets empty & voice dry. the only unfortunate thing is now retirement accounts might get torched.
- TitaRusell 3mo ago
  Dutch people went all in on the dot com bubble. After that debacle Dutch citizens swore off the stock market for an entire generation despite economists literally begging folks to put their money back in (the Netherlands has a rather obscene amount of money tucked away in savings accounts).
  - mech998877 3mo ago
    I woulda thought they learned from their great great granddaddies warning them about the tulip bubble!
rolph 3mo ago
im not going to advocate for the devil, but the title seems to be the distilled essence of extractive business models. i think the problem starts with mistaking such business for a philanthropic or non profit model. that being said investors are a major "chattel" and if you abuse them, you start having problems.
deleted 3mo ago
[deleted]
laughing_man 3mo ago
Or not. It's hard to say at this juncture.
deleted 3mo ago
[deleted]
Zigurd 3mo ago
So is Tesla. The fly in the ointment is the Tesla demonstrates how long you can keep the scam running. It's been three years since Tesla was a growth technology stock. Now it's an EV manufacturer that has under invested in follow on products. But the P/E ratio is still astronomical.

35 points by nothrowaways 3mo ago

https://youtu.be/ag14Ao_xO4c https://youtu.be/ag14Ao_xO4c “We are selling to willing buyers at the current fair market price.”

theplumber 3mo ago
It’s worse!It’s more like someone found a bug into a legacy system(index funds) and is not exploiting along with some corruption bending the rules. A good chunk of population more or less directly will just end up holding the bags because they just followed the advice to buy index funds because companies are required to float % percentage, be profitable or whatever , and now the rules changed for this special Elon operation
- toomuchtodo 3mo ago
  Hacker found an exploit, and exploited it.

kderbyma 3mo ago

Obviously....the entire american stock market is manipulated like this.....America has to hide its inflation somehow right???? The $T peg is the beginning of hyperinflation and clearly the entire economy is disconnected from reality.....American economics are a farce right now...your country is weapons and memes....you build nothing, services are revoked by tech bros and the entire world suffers for it....musk is one of the players...not the whole team though...buffet....gates...bezos....altman....amodei....fake fake fake fake fake fake fake

dzonga 3mo ago

people like George Noble while smart and arguing for common sense unfortunately lose when hysteria and foolishness i.e memes take over. Tesla is a meme stock. SpaceX will sell dreams about datacenters in space. as long as gullible foolish people believe in the meme or the fantasy dreams - arguing your case about valuation will just leave your pockets empty & voice dry. the only unfortunate thing is now retirement accounts might get torched.

TitaRusell 3mo ago
Dutch people went all in on the dot com bubble. After that debacle Dutch citizens swore off the stock market for an entire generation despite economists literally begging folks to put their money back in (the Netherlands has a rather obscene amount of money tucked away in savings accounts).
- mech998877 3mo ago
  I woulda thought they learned from their great great granddaddies warning them about the tulip bubble!

rolph 3mo ago

im not going to advocate for the devil, but the title seems to be the distilled essence of extractive business models. i think the problem starts with mistaking such business for a philanthropic or non profit model. that being said investors are a major "chattel" and if you abuse them, you start having problems.

deleted 3mo ago

[deleted]

laughing_man 3mo ago

Or not. It's hard to say at this juncture.

deleted 3mo ago

[deleted]

Zigurd 3mo ago

So is Tesla. The fly in the ointment is the Tesla demonstrates how long you can keep the scam running. It's been three years since Tesla was a growth technology stock. Now it's an EV manufacturer that has under invested in follow on products. But the P/E ratio is still astronomical.