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> Negative coverage of the IPO was limited due to the participation of so many major banks in the IPO process; they don’t want to poison the cash cow they’re mi

by MarkusQ 2mo ago

> Negative coverage of the IPO was limited due to the participation of so many major banks in the IPO process; they don’t want to poison the cash cow they’re milking for underwriting fees. WTF? Anyone willing to read this far knows that this is flat out false. The negative coverage was unrelenting, and largely driven by big players peeved by the unconventional process. Anyone who bothers to continue past that point is probably just looking for validation.

jotux 2mo ago
It's funny how our perceptions are driven by the source of our news. I generally perceived the positive coverage in regular news as unrelenting. I know the tech news sources I read were constantly complaining about rule changes and manipulations on the part of Spacex, but run-of-the-mill national news outlets seem to be endlessly hyping the stock to the point that a few of my non tech-savvy family members were asking if they needed to buy it as soon as they went public.
- MarkusQ 2mo ago
  https://www.morningstar.com/stocks/why-we-think-spacex-ipo-is-overvalued?content_id=20768396545 https://www.morningstar.com/stocks/why-we-think-spacex-ipo-i... https://www.nytimes.com/2026/04/01/technology/spacex-ipo-elon-musk.html https://www.nytimes.com/2026/04/01/technology/spacex-ipo-elo... https://montanaskeptic.substack.com/p/the-spacex-ipo-will-be-the-theft https://montanaskeptic.substack.com/p/the-spacex-ipo-will-be... https://www.youtube.com/watch?v=8rS3fTbC7TE https://www.youtube.com/watch?v=8rS3fTbC7TE https://www.irishtimes.com/business/2026/06/03/heavily-in-debt-loss-making-with-eyes-on-sending-people-to-mars-why-would-anyone-invest-in-spacex/ https://www.irishtimes.com/business/2026/06/03/heavily-in-de... https://www.youtube.com/watch?v=-X6YzlY_8tM https://www.youtube.com/watch?v=-X6YzlY_8tM https://jamesthomason.com/spacex-ipo-bagship-carries-full-payload-of-elons-mistakes/ https://jamesthomason.com/spacex-ipo-bagship-carries-full-pa... https://www.theverge.com/ai-artificial-intelligence/940001/elon-musk-spacex-ipo-ai https://www.theverge.com/ai-artificial-intelligence/940001/e... It all seems pretty negative to me.
  - jotux 2mo ago
    https://www.foxnews.com/video/6398250508112 https://www.foxnews.com/video/6398250508112 "SpaceX makes its historic stock market debut today, set to be the largest IPO of all time with a $1.77 trillion valuation. Elon Musk, founder and CEO, anticipates becoming the world's first trillionaire. Shares will go live at $135 each, potentially surging immediately due to high demand" https://www.cnn.com/2026/06/12/business/live-news/spacex-goes-public-ipo https://www.cnn.com/2026/06/12/business/live-news/spacex-goe... "What we covered here • SpaceX soared Friday in its blockbuster stock market debut, with shares gaining 19% after Wall Street’s biggest-ever IPO. • The rocket and AI company, which Elon Musk founded in 2002, is now valued at over $2 trillion, joining Musk’s Tesla as one of the world’s top-ten most valuable companies. • Musk, who owns nearly half the company’s stock, has now made history as the world’s first trillionaire." https://www.nbcnews.com/business/business-news/spacex-ipo-trading-price-rcna349225 https://www.nbcnews.com/business/business-news/spacex-ipo-tr... "For now, investors appear eager to overlook Musk’s politics and focus on his company. Dan Hanson, a senior portfolio manager at Neuberger Berman, which invested in SpaceX while it was still private said investors should think of SpaceX not just as a rocket company, but as a combination of its launch business, Starlink satellite internet network and artificial intelligence ambitions. “This team is just getting started,” he said. “There’s a significant opportunity for them to create value as they execute.” I suspect the vast majority of americans are getting their news from cnn, fox, nbc, abc, pbs.... And I doubt a ton of them are reading the irish times, montana skeptic, or the verge.
    - MarkusQ 2mo ago
      Fair enough. I grabbed the list above by searching HK.

by MarkusQ 2mo ago

jotux 2mo ago

It's funny how our perceptions are driven by the source of our news. I generally perceived the positive coverage in regular news as unrelenting. I know the tech news sources I read were constantly complaining about rule changes and manipulations on the part of Spacex, but run-of-the-mill national news outlets seem to be endlessly hyping the stock to the point that a few of my non tech-savvy family members were asking if they needed to buy it as soon as they went public.

MarkusQ 2mo ago
https://www.morningstar.com/stocks/why-we-think-spacex-ipo-is-overvalued?content_id=20768396545 https://www.morningstar.com/stocks/why-we-think-spacex-ipo-i... https://www.nytimes.com/2026/04/01/technology/spacex-ipo-elon-musk.html https://www.nytimes.com/2026/04/01/technology/spacex-ipo-elo... https://montanaskeptic.substack.com/p/the-spacex-ipo-will-be-the-theft https://montanaskeptic.substack.com/p/the-spacex-ipo-will-be... https://www.youtube.com/watch?v=8rS3fTbC7TE https://www.youtube.com/watch?v=8rS3fTbC7TE https://www.irishtimes.com/business/2026/06/03/heavily-in-debt-loss-making-with-eyes-on-sending-people-to-mars-why-would-anyone-invest-in-spacex/ https://www.irishtimes.com/business/2026/06/03/heavily-in-de... https://www.youtube.com/watch?v=-X6YzlY_8tM https://www.youtube.com/watch?v=-X6YzlY_8tM https://jamesthomason.com/spacex-ipo-bagship-carries-full-payload-of-elons-mistakes/ https://jamesthomason.com/spacex-ipo-bagship-carries-full-pa... https://www.theverge.com/ai-artificial-intelligence/940001/elon-musk-spacex-ipo-ai https://www.theverge.com/ai-artificial-intelligence/940001/e... It all seems pretty negative to me.
- jotux 2mo ago
  https://www.foxnews.com/video/6398250508112 https://www.foxnews.com/video/6398250508112 "SpaceX makes its historic stock market debut today, set to be the largest IPO of all time with a $1.77 trillion valuation. Elon Musk, founder and CEO, anticipates becoming the world's first trillionaire. Shares will go live at $135 each, potentially surging immediately due to high demand" https://www.cnn.com/2026/06/12/business/live-news/spacex-goes-public-ipo https://www.cnn.com/2026/06/12/business/live-news/spacex-goe... "What we covered here • SpaceX soared Friday in its blockbuster stock market debut, with shares gaining 19% after Wall Street’s biggest-ever IPO. • The rocket and AI company, which Elon Musk founded in 2002, is now valued at over $2 trillion, joining Musk’s Tesla as one of the world’s top-ten most valuable companies. • Musk, who owns nearly half the company’s stock, has now made history as the world’s first trillionaire." https://www.nbcnews.com/business/business-news/spacex-ipo-trading-price-rcna349225 https://www.nbcnews.com/business/business-news/spacex-ipo-tr... "For now, investors appear eager to overlook Musk’s politics and focus on his company. Dan Hanson, a senior portfolio manager at Neuberger Berman, which invested in SpaceX while it was still private said investors should think of SpaceX not just as a rocket company, but as a combination of its launch business, Starlink satellite internet network and artificial intelligence ambitions. “This team is just getting started,” he said. “There’s a significant opportunity for them to create value as they execute.” I suspect the vast majority of americans are getting their news from cnn, fox, nbc, abc, pbs.... And I doubt a ton of them are reading the irish times, montana skeptic, or the verge.
  - MarkusQ 2mo ago
    Fair enough. I grabbed the list above by searching HK.