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kingstnap
Even if it drops to 1/2 its IPO price ($855B valuation) that still massively overpaying for it.

What do they think is gonna come from this SpaceX + Twitter + XAi + Cursor amalgamation? Sexbot agents vibe coding on Mars?

thewhitetulip
It's crazy that Musk is worth a trillion dollar and the 2nd richest person is just 200 Billion dollars.

What's more crazy is that the revenue in no way justifies the trillion dollars valuation of spaceX!

moezd
SpaceX + Twitter + XAi + Cursor is the perfect combo to collect government contracts. You want exposure in social media? Use Twitter. Civil servants want AI? Use Grok. Developers want AI? Use Cursor. All space heading business? Contact SpaceX. All under the polished (!), totally unblemished (!) PR image of Musk.

Someone please wake me up if this is a fever dream.

mikelitoris
Why don’t they name it: SpaceX + X (twtr) + xAI = SpaceXXXAI
jojobas
Didn't even wait until the pension funds buy in?
z0ltan
The U.S is nothing but an Oligarchy now.
Yizahi
Technically it never ceased to be an oligarchy just like all western countries are oligarchies too. People elect some a few of the people on top and then they act on their own absolutely unchecked, plus all those other unelected people ruling us with them. It's a definition of oligarchy. The only partially democratic country in the world is Switzerland, where people actually can vote on a country governance directly and government must comply with results (and not only take it into attention), which is a definition of democracy.
phyzix5761
This is pretty normal for tech stocks. Most have a big pop on the first few days of IPO and then they drop. After 180 days, insiders can start selling shares so there's another drop around that time due to a higher supply for shares on the sell side.
Yizahi
This happens witch such predictability and not only in IT stocks that I started to wonder, if that is not illegal? I mean, illegal in a spirit of insider trading laws, not literally illegal.
[dead] chvid
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autophagian
Newton’s third law. To get anywhere, you have to leave something behind (bagholders).
Gud
Personally I'm a big fan of Rocket Lab. Peter Beck is a once a generation engineer and is building an amazing company.
spwa4
... and because Alphabet is a huge investor in SpaceX it was dragged down right along? Is that the story?
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