SpaceX increases almost 30% after biggest IPO

27 pointsposted 8 hours ago
by somenameforme
(cnbc.com)

20 Comments

Heidaradar

5 hours ago

it has also dropped significantly since (around a 19% increase now)

root-parent

5 hours ago

In Space nobody can hear you scam

l23k4

5 hours ago

Who is being scammed? A very significant chunk of retail investors are buying into this stuff knowing it costs more than it's worth.

Gamestop wasn't a scam either, even if the buyers have been irrational.

root-parent

4 hours ago

My absolutely normal and financially based reply to you, is getting automatically flagged so its clear some of the YC people who got SpaceX pre-IPO shares ( yes its true...) dont want this discussed.

petilon

4 hours ago

I have had some completely innocuous messages (not SpaceX related) automatically flagged. There is some kind of bug here.

root-parent

4 hours ago

Buyers know it’s overpriced" would excuse every scammer on Earth (and Mars...)

Every pump scheme works because buyers think they can exit before the collapse. The core is insiders and banks converting asymmetric information and a sci-fi narrative control into exit liquidity.

GameStop was a public market mania. In an IPO insiders and banks package the story, control disclosure, set allocation, collect fees, and dump risk onto later buyers. Calling this voluntary overpayment ignores the mechanism of exit liquidity.

root-parent

5 hours ago

"Buyers know it’s overpriced" would excuse every scammer on Earth (and Mars...)

Every pump scheme works because buyers think they can exit before the collapse. The core is insiders and banks converting asymmetric information and a sci-fi narrative control into exit liquidity.

GameStop was a public market mania. In an IPO insiders and banks package the story, control disclosure, set allocation, collect fees, and dump risk onto later buyers. Calling this voluntary overpayment ignores the mechanism of exit liquidity.

l23k4

4 hours ago

>"Buyers know it’s overpriced" would excuse every scammer on Earth (and Mars...)

I don't think so https://archive.fo/zcVCZ

You've got people all over the place saying things like this:

>Bryan Mitchell, in Indianapolis, is among those planning to buy. The 48-year-old marketing executive intends to invest several thousand dollars in the IPO. He has also poured tens of thousands into Baron Partners Fund, which holds a stake in SpaceX.

>“This feels like the appetizer. You have to believe in Elon,” he said. “I’m willing to overpay for it just to say I’m part of the thing.”

Bryan isn't being scammed, Bryan just wants to feel like he's a part of something greater and is willing to pay for that. It's not surprising that space travel would be the thing to inspire vast amounts of retail investors to behave in that manner.

>GameStop was a public market mania.

Was?

>In an IPO insiders and banks package the story

This is only true at a very theoretical level.

netsharc

an hour ago

> Bryan isn't being scammed, Bryan just wants to feel like he's a part of something greater and is willing to pay for that. It's not surprising that space travel would be the thing to inspire vast amounts of retail investors to behave in that manner.

Heck, some centuries ago you could buy indulgences to fund the building of St. Peter's Basilica. Maybe the feeling is real, maybe it's to justify the greed to one's self (like you seem to be doing), but just like the Church was selling the idea of a great eternal afterlife to rob you, this company is selling the idea of an interstellar future to do the same.

FireBeyond

3 hours ago

If only space travel wasn't almost a footnote to SpaceX's IPO. "The thing" Bryan is a part of is the worst and most controversial (and that's quite an accomplishment) of the frontier lab AIs.

SilverElfin

4 hours ago

Remember that xAI acquired Twitter/X, a failing overvalued business. And then SpaceX acquired xAI for a highly dubious $250 billion even though they’re irrelevant in AI. And today SpaceX’s president talked about merging with Tesla (https://techcrunch.com/2026/06/12/spacex-president-gwynne-sh...), another weakening business.

It seems like a shell game if being played where one company is used to bail out the investors of other companies. With all this merging, shouldn’t there be a case for breaking up SpaceX and not having it become some overly large conglomerate? How are all these dubious moves being blessed by boards of these companies - are they corrupt and stacked with Elon’s friends?

And what of the pay structure Musk has. Will a merger with Tesla trigger its conditions in a dishonest way?

Ultimately, SpaceX is WAY overvalued. Morningstar valued them at roughly half of the IPO price they were seeking (https://www.morningstar.com/stocks/spacex-what-investors-nee...). This spike does not make sense, and people will likely get burned at some point. But Musk will become a trillionaire.

petilon

4 hours ago

> roughly half of the IPO price they were seeking

That's already very high. Their profitable businesses are (1) Starlink and (2) Launching satellites. Starlink is growing revenue at maybe 50%, and revenue for launching satellites is growing maybe 10% annually.

But Goldman Sachs, which is leading the IPO process is telling investors that it expected SpaceX’s total revenue to reach $474 billion in 2030, up from $18.7 billion last year. That's 25x growth of revenue in just 4 years.

laughing_man

an hour ago

I have read the Google deal makes xAI profitable. In the short term, anyway.

petilon

an hour ago

xAI failed to produce a frontier model. They got involved into nudifying and other questionable activities as well. People started leaving in droves: https://www.nbcnews.com/tech/elon-musk/xai-musk-addresses-wa...

xAI is a failed company, as is X. Their merger into SpaceX is basically a scam. Elon Musk justified this by saying he is going to send xAI servers into space using SpaceX. This is an unproven idea, not ready for investing.

laughing_man

an hour ago

Twitter isn't failing. It makes a little bit some quarters and loses a little bit other quarters.

s1artibartfast

an hour ago

Elons wealth is entirely in his companies. His worth is what people estimate his shell game is worth. There isnt really an option where Elon can pull the full value out of the company and walk away.