SpaceX made the biggest stock market debut in history on Friday after nearly two and a half decades as a private company.
Public trading began around midday with a starting share price of $150, which quickly jumped by a double digit percentage and sent the company’s valuation above $2tn, where it remained through market close.
The company’s initial public offering made the company’s CEO, Elon Musk, the world’s first trillionaire.
The way all the news outlets report on this like it is a good thing someone hoards so much wealth. Just ugh.
Fucking disgusting.
And given that this garbage isn’t profitable and has no hope of becoming profitable, he’s soon to be the world’s first former trillionaire.
Tesla is long overdue for a 10x reduction in value.
Thats why spacex is planning on buying tesla
No he’ll sell enough to not fall below and leave everyone else’s retirement savings holding the bag. Fucking ghoul.
I fucking hate Musk but in what world is SpaceX unprofitable? If you’re talking about xAI then I’ll agree with you, but with the access to space and starlink/starshield wrapped up in it SpaceX is positioned as the most likely of the AI companies to receive a government bailout when the balloon pops.
I fucking hate Musk but in what world is SpaceX unprofitable?
SpaceX made a loss of $4.9bn in 2025 on revenues of $18.7bn, so it is being priced on arrival on the US Nasdaq market at almost 100 times those revenues.
That’s the reason the S&P 500 index isn’t buying their stock, they’ve got a rule that the company has to be profitable first.
SpaceX has not made a profit. Starlink loses them money, too, partially because using LEO has the very wasteful con where the amount of drag makes them fall back to earth.
I’m GLAD we’re Focusing on Important things like
Helping STARVING Americans!Helping STARVING Children!CHANGING the Rules of the Stock Market to FORCE your Retirement to fund Elon Musk’s Trillionaire STATUS!Musk cares about starving children. He made sure we didn’t give government money to them so they could starve better. He also made sure kids sick with treatable diseases could die faster. Efficiencies!
But it gets better. This is only the pump! I can’t wait for the dump!
S&P rejected the rule changes. Only the nasdaq funds are forced to buy. And they wont buy much since the float is so low
Yes, musk is a shithead, and spacex is wildly overpriced, but dont believe the doom and gloom you read
🎵 Elon and Donald,
🎵Hanging from a tree,
🎵S-W-I-N-I-G-I-N-G
From their fucking neck!
After he dies, I really hope the last name Musk becomes as stigmatized as the last name Goebbels
“Musk” doesn’t rhyme with any body parts though.
Remind me in 90 days
It’s basically scrooge mcduck at this point.
