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- Hacker News
- 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.
by moezd - I think this has been Musk's play for more than a decade. Except the Twitter purchase, which was just weird. It's possible the AI play is for data center subsidies/tax breaks. TBC didn't go too well in terms of California rail expansion contracts, I think, but perhaps he can get some Pentagon money for building military DCs.
- https://archive.ph/lqPsS
Or direct share price chart https://www.hl.co.uk/shares/shares-search-results/s/spacex-u...
Tl;dr it’s still above the IPO price so the favoured investors still at a profit and Musk is still a trillionaire.
As with Tesla, Musk will keep coming up with ‘profits suck but we are doing x new shiny project so don’t worry’ announcements to keep retail investors believing…
by fsuts - 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!
- Chickens will roost when more of SpaceX is open to the market.by uberex
- On paper. The actual number is how much cash banks will lend him using his SpaceX holdings as collateral. Maybe that is a trillion dollars. Smarter money though? They know that if things go south and they need to collect that collateral, in that situation SpaceX will be worth a lot less than a trillion dollars.by stubish
- Didn't even wait until the pension funds buy in?by jojobas
- Personally I'm a big fan of Rocket Lab. Peter Beck is a once a generation engineer and is building an amazing company.by Gud
- RKLB has a price/revenue near 100, not much better than SPCX.
- by helpfulfrond
- Newton’s third law. To get anywhere, you have to leave something behind (bagholders).by autophagian
- Haha I like this!by grebc
- 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.by phyzix5761
- 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.by Yizahi
- It's Probably Overpricedby carabiner
- Why don’t they name it: SpaceX + X (twtr) + xAI = SpaceXXXAIby mikelitoris
- Or combine the 3: SpAIceXby AndrewDucker
- Don't give him ideas.by wmf
- 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?
by kingstnap - > Sexbot agents vibe coding on Mars?
Now that I'd invest in :)
by wolvoleo - Don’t talk about fair valuations. Some people will say “who decides what anything is worth anyway”? Let people do what they want. If they lose their money they signed up for it.
- Pentagon contracts.by rchaud
- They are buying their time (6 months) before being included in the S&P500s, causing another inevitable surge in forced "demand".by mgh2
- what's the point of being vertically integrated if they're just going to rent out their compute (https://www.reuters.com/business/media-telecom/ai-startup-re...). This signals to me they don't have an internal use for itby bwhiting2356
- Something like the plan in the anime Jormungand maybe? (https://jormungand.fandom.com/wiki/Jormungand)
- Morningstar has the most conservative valuation as far as I know, at $780B
https://www.morningstar.com/stocks/spacex-what-investors-nee...
by SilverElfin - The plan is simply for insiders to offload their bags (overvalued shares) to retail investors, like the folk who frequent the wallstreetbets subreddit and do all their “investing” on Robinhood. This speaks to the larger trend of the lower and middle class apparently giving up on any plans to retire- and it’s understandable as the federal minimum wage has never been so disconnected from the cost of living, plus inflation, plus the current job market being universally terrible (even for software engineers), et al.
It’s worth noting that this is nothing new. I’m reminded of Virgin Galactic, another “space company” that was heavily speculated on. Predictably, insiders like Richard Branson himself sold a large number of shares (well into the millions of dollars) ahead of the inevitable “dump” where the share price fell around 75% in a matter of weeks. Virgin Galactic (SPCE) entered the Nasdaq via SPAC - Special Purpose Acquisition Group - essentially a company whose sole purpose is to acquire a private company, thereby effectively making the company public. Why wouldn’t Virgin Galactic just go public? Why go through a SPAC? The short answer is “to bypass regulations.”
OpenInsider is an excellent website that makes it easy to see when insiders buy or sell a stock, and the most common pattern is insiders dumping their shares in overvalued companies. We saw it when Zoom and Crispr and a few others shot up several hundred percentage points during COVID. C-suite and board members made out like bandits. Those weren’t even SPACs, those were just companies that people were foolish enough to speculate on.
Finally I want to bring attention to Robinhood, the stock trading platform that eliminated commission on trades from all brokerages - Schwab, Fidelity, Merrill Lynch, et al- by making it incredibly quick and easy (and free) to buy and sell stocks. They opened this Pandora’s Box, though I suppose it was bound to happen eventually- brokerages charged $7 per trade (sometimes more) and obviously for the college student who wants to throw $20 at Amazon stock… losing $7 in and then $7 again on the way out makes no sense. Now for anyone giving Robinhood the benefit of the doubt- their evil was (I think) absolutely confirmed when they unveiled a new feature- you can now trade OPTIONS with your retirement account. Options are essentially gambling, so to enable people to throw away their retirement on gambling is truly vile.
by gymbeaux