Not if they got in at the IPO price of $135. It’s currently at $162, which is significantly higher than the already ridiculous IPO price and the index inclusion hasn’t even happened yet.
hinting at even more drama as investors struggle to make sense of Musk’s space-and-AI behemoth.
There is no way for it to make sense. It’s just dumb fucking insanity. Rocket company + subpar bullshit machine + Nazi chat room is not a real company. Soon they’ll combine with former car company who makes sub-par robots, making it even more stupid. Fuck all this shit.
I still think this is the world’s tiniest cello, and not a violin.
Nah, that’s some kinda bug, bro.
Or perhaps viola da gamba.
Look at the gams on that thing!
This fiddle is way too big to express how little I care.
These are not ‘investors’, but speculators.
Isn’t all investment speculative in nature? Even fixed rates you are betting it will be better than the alternative.
Not quite. A (common) stock is nothing more than a certificate of ownership of part of a company. In theory, the value of that capital should increase over time, plus you hopefully get dividends regularly. Again - it’s ownership, so that means that you could, in principle, hold that instrument ‘forever’ (just like you would, say, a piece of land), never planning to sell it back, and therefore not giving a single f*ck about its current or future price.
You don’t invest in something because it’s price is expected to increase of you plan to never ever sell. This makes no sense.
It’s != its.
Again: stock is property. Arguing that the only reason to invest in stocks is getting money out of it by selling later at a higher price would be like saying that people buy apartments/land/metals solely for future financial gain.
…and even if one doesn’t buy that argument, there’s the concept of hedging, which is far enough from the concept of speculation to consider it its opposite.
People only but stocks because they expect to get more money from them than they spent.
And hedging is not the opposite of speculating, it’s a strategy for safer speculation.
You’re trying to make “invest= good, speculate= bad”, so anybody investing on the bad company has to be a speculator, not an investor.
No true Scotsman fallacy
Rocket Lab, and other space companies, are also being dragged down because they are bunched in for being space economy, despite being a way more sensible company. I predict that the Xshit sandwich will gradually lose steam, while RL will steadily climb again, and skyrocket (I am legally required to make that pun) when Neutron launches. That’s my bet. Then again, Tesla is still obscenely overvalued, despite selling objectively last gen EVs that have dangerous fake autopilot, and which are effectively subsidized in the US by the gov’t by virtue of bans and tariffs. Large funds, billionaires, and many retail investors are buying Nazitard’s stock like meme stock buyers. There is going to be a lot of hurt sooner or later. BTW, how is starship, or whatever the exploding giant dildo is called, doing?
BTW, how is starship, or whatever the exploding giant dildo is called, doing?
Still massively behind schedule, costs keep ballooning out of control. This year’s test also blew up. Still can’t even reach orbit. Still promising orbital refueling for a ship that barely even flies.
I for one, can not wait to be forced into breeding so my great great grandchildren can continue pay for the SpaceX government bailout of 2028!
That’s a manga I would read
The Lemmy community expresses heartfelt sympathy for these dumb losers but really if you are an investor that let’s day to day swings on a single stock ruin your day you need to find a new way to invest.
It’s still above the IPO price so it has plenty more to fall.
Can you say, “rug pull”?
It’s going to stay overpriced because retail investors will keep it pumped because they think it will make them millionaires.
No, it will stay overpriced because it becomes a part of the NASDAQ 100 on 7/6 and 401ks are then legally required to buy it.
Is SpaceX another website for bdsm porn?
That’s SpaSex. Porn in natural spas on Mars. Very short videos because they usually die after a few seconds but good enough for me (I don’t last that long either).
