Actually, one of the funny things about this is the degree to which Elon is obviously bothered by every little thing. He's the richest human being to have ever lived, but he is so rife with obsessions, insecurities, and fears that he is probably less happy than most of us.
It's down to $154 as of 2026-06-22, 4PM EDT, which is still higher than the IPO. But analysts called the IPO a bear price anyway. It's a bad time to buy.
I'd say wait until the market comes to its senses and SPCX makes its correction, but currently much of the whole Stock Market is overvalued based on futures. Meanwhile rich people are investing in gold and bonds.
According to How Money Works, OpenAI and Anthropic are going to soon make their IPO and Alphabet is going to do a revision thing (that I don't fully understand) so there's going to be a lot of extra supply for those wanting to buy brand new stocks. Also, US Bonds are being offered at a higher interest deal. So there are a lot of circumstances that suggest SPCX is not going to retain its high value.
Also, as has been covered before, SPCX is losing money, is $20 billion in debt, and its valuation is based on some super long term promises like a Mars colony (of one million people, not just a manned mission) and data centers in orbit. Making fat promises that don't get fulfilled is part of Musk's shtick. He's confidence-gamed his way to his trillion.
9 Comments
john_t@piefed.ee · 41 pts · 53d
It's a meme stock, investors don't care about its ratings.
crunchy@lemmy.dbzer0.com · 14 pts · 53d
Unsurprisingly, ESG is yet another Republican bogeyman.
satanmat@lemmy.world · 11 pts · 53d
Oh god no! I’m certain this will keep Elon awake and bothered.
How will he ever recover? /s
Curious_Canid@piefed.ca · 24 pts · 53d
Actually, one of the funny things about this is the degree to which Elon is obviously bothered by every little thing. He's the richest human being to have ever lived, but he is so rife with obsessions, insecurities, and fears that he is probably less happy than most of us.
nodiratime@lemmy.world · 3 pts · 52d
I love that for him
echodot@feddit.uk · 11 pts · 53d
It's Elon, of course this bothers him. There are peaches with thicker skin than him
uriel238@lemmy.blahaj.zone · 11 pts · 53d
It's down to $154 as of 2026-06-22, 4PM EDT, which is still higher than the IPO. But analysts called the IPO a bear price anyway. It's a bad time to buy.
I'd say wait until the market comes to its senses and SPCX makes its correction, but currently much of the whole Stock Market is overvalued based on futures. Meanwhile rich people are investing in gold and bonds.
According to How Money Works, OpenAI and Anthropic are going to soon make their IPO and Alphabet is going to do a revision thing (that I don't fully understand) so there's going to be a lot of extra supply for those wanting to buy brand new stocks. Also, US Bonds are being offered at a higher interest deal. So there are a lot of circumstances that suggest SPCX is not going to retain its high value.
Also, as has been covered before, SPCX is losing money, is $20 billion in debt, and its valuation is based on some super long term promises like a Mars colony (of one million people, not just a manned mission) and data centers in orbit. Making fat promises that don't get fulfilled is part of Musk's shtick. He's confidence-gamed his way to his trillion.
uriel238@lemmy.blahaj.zone · 8 pts · 53d
Without paywall:
https://archive.is/20260622112959/https://www.ft.com/content/a0dd4ea7-ef3d-4460-a96c-8c6975a053e3
FormallyKnown@feddit.dk · 5 pts · 52d
Why would they include it after laying out that they think the company is run by idiots and the stock is overpriced???