Space X stock IPO

[80watts]

Today: The current stock price of SpaceX (SPCX) is $160.90. The stock has seen a daily range between $135.00 and $176.34 recently The IPO was set for 135.00.

Who is this stock good for. Right now the only thing making money is Starlink. At about 18 Billion a year for Starlink.

The P/E ratio for SpaceX is -56.59 (TTM), indicating a significant valuation based on its earnings. This negative ratio reflects the company's current financial situation, which is often used for unprofitable companies.

The only way someone is going to earn money on this stock is by a rush of idiots driving up the stock... Risk takers.... reminds me of the tech stock IPOs in 2000.... most of which failed.

 

[Rollingstar]

People that got allocated stocks at ipo price must hold for 90 days, I’d consider investing afterwards. Although a couple of big heavy hitters are rushing to going public before the tech crash.

 

[sexpanther69]

Company lost almost $5 billion last year alone and then lost another $4.2bilkion just in the first quarter of this year

Lotta hype driving the price right now

But a least retard Elons a trillionare now 🙄

 

[Equity Market investor]

I'll consider buying -- or reassess SPCX in about 6 months time after in depth research. When and IF I buy it, it'll be a hold within TFSA for a minimum 8-10 yr hold. And, on a dollar cost average, per say. I'm bullish with this. Again, very long term hold. You'll need to have that with SPCX.
MOSTLY all major tech companies are viewed at with negative cash flow etc at first based on R&D thesis.

I bought CLS well over a yr ago and I've never looked back lol. I still hold it btw. Currently, that one is not too profitable either. But the future will be very bright imho.

 

[pleasureprinciple]

Two quotes come to mind:
Warren Buffet: price is what you pay, value is what you receive,
Benjamin Graham: in the short term, the market is a voting machine, in the ling term it is a weighing machine.

that said, consider both your time horizon and the role of the holding in your overall net worth portfolio

 

[Pumped]

I'll consider buying -- or reassess SPCX in about 6 months time after in depth research. When and IF I buy it, it'll be a hold within TFSA for a minimum 8-10 yr hold. And, on a dollar cost average, per say. I'm bullish with this. Again, very long term hold. You'll need to have that with SPCX.
MOSTLY all major tech companies are viewed at with negative cash flow etc at first based on R&D thesis.

I bought CLS well over a yr ago and I've never looked back lol. I still hold it btw. Currently, that one is not too profitable either. But the future will be very bright imho.

My question is simply with all the oligarchs hoarding wealth, laying off people, using AI to replace them, taking away any and all medical and social supports, who exactly is going to buy all this technology? From what I'm reading you have companies creating companies to buy their shit and then lend that company money to pay for it and then issuing debt to create more money to create these fake markets.

Meanwhile, the US government is issuing debt in record amounts while pissing off all the countries that would normally buy that debt. And what is SpaceX going to do that will make money that isn't fake? If the government is paying for it, then where is that money coming from? Taxpayers? The middle class barely exists, poor people don't have enough to pay taxes and oligarchs are never going to pay taxes. So businesses? All those closing and going bankrupt?

Every time a hedge fund destroys another business and puts more people out of work, who is going to make up those wages and earnings?

Right now the paper tiger propping up SpaceX is the fact that every ETF and 401K is being forced -- forced -- to buy that shit. What happens if there is a change in government at some point and they decide to pull the rug out from under Musk and his fascists and all those funds dump SpaceX stock overnight?

This has the potential to destroy the world economy and that ain't going to be pretty.

But, good luck with your investments!

 

[LizzieBox]

I'll consider buying -- or reassess SPCX in about 6 months time after in depth research. When and IF I buy it, it'll be a hold within TFSA for a minimum 8-10 yr hold. And, on a dollar cost average, per say. I'm bullish with this. Again, very long term hold. You'll need to have that with SPCX.
MOSTLY all major tech companies are viewed at with negative cash flow etc at first based on R&D thesis.

I bought CLS well over a yr ago and I've never looked back lol. I still hold it btw. Currently, that one is not too profitable either. But the future will be very bright imho.

They are rarely as much of a cash burner as SpaceX. They are never as overvalued as SpaceX. They rarely force Nasdaq and S&P to change their entire criteria of inclusion into indices and are buddy buddies with a President who sells pardons.
Besides, long term hold comes from value. As another person mentioned, virtually none of the SpaceX subsidiaries besides Starlink are profitable or have a clear potential for profitability. NASA and other space agencies are already shifting to other cheaper providers for rockets, driving SPCX's margins down; xAI is a blackhole of money (along with Anthropic and OpenAI) which I, in my cynical mind, cannot see how they can become profitable. Honestly, I would love to be convinced. But LLMs are now facing public scrutiny from all sides for data centre projects, are not really that crucial or productive for the general worker according to a handful of analyses now, and are absurdly expensive to operate. Companies have started hiring again because they cannot afford the tokenomics.
If the market is efficient, this company will not last.

 

[Equity Market investor]

U bring a lot of good points but I recall way back during the dot Com / internet computer era. Oh man, do i ever recall stories and speculations lol. I heard similar comments throughout the arena. Its only rinse and repeat and todays new era. Yet, we're all still chugging along. I believe the media creates fear and I'll stick with that motto. I ignore the noise....always have. I guess we'll see by 3 or 4 yrs from now. I'm still young enough to see where this goes.
Cheers

My question is simply with all the oligarchs hoarding wealth, laying off people, using AI to replace them, taking away any and all medical and social supports, who exactly is going to buy all this technology? From what I'm reading you have companies creating companies to buy their shit and then lend that company money to pay for it and then issuing debt to create more money to create these fake markets.

Meanwhile, the US government is issuing debt in record amounts while pissing off all the countries that would normally buy that debt. And what is SpaceX going to do that will make money that isn't fake? If the government is paying for it, then where is that money coming from? Taxpayers? The middle class barely exists, poor people don't have enough to pay taxes and oligarchs are never going to pay taxes. So businesses? All those closing and going bankrupt?

Every time a hedge fund destroys another business and puts more people out of work, who is going to make up those wages and earnings?

Right now the paper tiger propping up SpaceX is the fact that every ETF and 401K is being forced -- forced -- to buy that shit. What happens if there is a change in government at some point and they decide to pull the rug out from under Musk and his fascists and all those funds dump SpaceX stock overnight?

This has the potential to destroy the world economy and that ain't going to be pretty.

But, good luck with your investments!

 

[Equity Market investor]

Now that it's gone public and with many involved. The balance sheet may somewhat improve as time goes on. But who knows. We'll see. At this point.... Unless any us own the company direct, or is involved in the high ranks dept....its nothing but speculation and nothing more. For 25 + years, I've never based my investments on speculation or what others feel or think. Time tells all.

I dont own any shares in space x, and as I said in my original posts, I'll reassess it in 6 months. Maybe longer. Who knows. I have plenty of my other investments in various sectors I need to tend do way before that stock. 🙂

Cheers

I.will follow this for point of interest as I do have slight interest in Nasa / space etc.

They are rarely as much of a cash burner as SpaceX. They are never as overvalued as SpaceX. They rarely force Nasdaq and S&P to change their entire criteria of inclusion into indices and are buddy buddies with a President who sells pardons.
Besides, long term hold comes from value. As another person mentioned, virtually none of the SpaceX subsidiaries besides Starlink are profitable or have a clear potential for profitability. NASA and other space agencies are already shifting to other cheaper providers for rockets, driving SPCX's margins down; xAI is a blackhole of money (along with Anthropic and OpenAI) which I, in my cynical mind, cannot see how they can become profitable. Honestly, I would love to be convinced. But LLMs are now facing public scrutiny from all sides for data centre projects, are not really that crucial or productive for the general worker according to a handful of analyses now, and are absurdly expensive to operate. Companies have started hiring again because they cannot afford the tokenomics.
If the market is efficient, this company will not last.

 

[pleasureprinciple]

My question is simply with all the oligarchs hoarding wealth, laying off people, using AI to replace them, taking away any and all medical and social supports, who exactly is going to buy all this technology? From what I'm reading you have companies creating companies to buy their shit and then lend that company money to pay for it and then issuing debt to create more money to create these fake markets.

Meanwhile, the US government is issuing debt in record amounts while pissing off all the countries that would normally buy that debt. And what is SpaceX going to do that will make money that isn't fake? If the government is paying for it, then where is that money coming from? Taxpayers? The middle class barely exists, poor people don't have enough to pay taxes and oligarchs are never going to pay taxes. So businesses? All those closing and going bankrupt?

Every time a hedge fund destroys another business and puts more people out of work, who is going to make up those wages and earnings?

Right now the paper tiger propping up SpaceX is the fact that every ETF and 401K is being forced -- forced -- to buy that shit. What happens if there is a change in government at some point and they decide to pull the rug out from under Musk and his fascists and all those funds dump SpaceX stock overnight?

This has the potential to destroy the world economy and that ain't going to be pretty.

But, good luck with your investments!

an investment has both a discernable and probable pathway to both return of your investment and return on your investment,

Am i the only person who lived through the dot com bubble?

 

[Pumped]

an investment has both a discernable and probable pathway to both return of your investment and return on your investment,

Am i the only person who lived through the dot com bubble?

What does past historical events have to do with current conditions? Every time there is an economic disaster, whether the dot.com crisis or the Fanny Mae/Mac mortgage crisis etc., the government has bailed these industries out by printing more debt. But then covid came along and government had to print even more money and we are all paying for it. But with the erosion of the middle class, the development of a gig economy and the housing crisis, who is going to pay for this latest round of crap these venture capitalists and hedge fund fuckers are promulgating?

You may not be the only person to live through the dot.com bubble, but you seem to be one who didn't learn anything from it.

 

[pleasureprinciple]

What does past historical events have to do with current conditions? Every time there is an economic disaster, whether the dot.com crisis or the Fanny Mae/Mac mortgage crisis etc., the government has bailed these industries out by printing more debt. But then covid came along and government had to print even more money and we are all paying for it. But with the erosion of the middle class, the development of a gig economy and the housing crisis, who is going to pay for this latest round of crap these venture capitalists and hedge fund fuckers are promulgating?

You may not be the only person to live through the dot.com bubble, but you seem to be one who didn't learn anything from it.

I think you missed the point. Most of the collapsed dot.com s had no clear path to profitability. And the inevitable happened. And it will happen again.

While I completely agree with you about printing fiat currency, political decisions are an entirely separate matter. And the voters vote for it again and agin. IF the voter had not bought into Trudeau’s fear mongering about the Conservatives some how killing healthcare (while the Liberal debt servicing cost more than the Liberal health funding transfers to the provinces) we would be in a better place now. But the voters got the government and the outcome they voted for again and again. Full stop.

That is why I bought gold bullion at 200 dollars per ounce. Voter stupidity gave me a very nice return, albeit in worthless dollars. 7000 now is maybe worth what 200 was then. How is that not learning anything from it?