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muriel_volestrangler

(106,687 posts)

2. Musk is counting on irrational exuberance among his cult followers to keep early demand high for the stock

Reply to question everything (Original post)

Tue Jun 2, 2026, 05:36 PM

16 hrs ago

The sober investors contemplating buying it in the IPO have to work out if that will keep the price high enough for them to offload it way above its true value; and those buying in the subsequent market have to work out if the cult will keep it high long enough for NASDAQ index trackers to have to buy it, whatever the price.

Then the question will become if it stays up long enough for the forced purchases by S&P 500 index trackers to arrive.

Personally I hold an S&P 500 tracker, and hope that it crashes before it gets to the point it has to buy it. I also hold 2 world index trackers, and I have no idea when their rules will force them to buy it. I'd hope they're more conservative than the NASDAQ fanbois.

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SamuelTheThird PghTiny paulkienitz flamingdem IthinkThereforeIAM Shipwack

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Highlight:

SpaceX valued at just $780 billion by Morningstar, less than half its IPO target [View all] question everything 16 hrs ago OP

stupid piece of crap is only 'worth' a few 100 million. Everything else is HYPE. don't fall for it !! dave99 16 hrs ago #1

"only 'worth' a few 100 million" EX500rider 15 hrs ago #4

revenue -- final line ? dave99 15 hrs ago #6

If Starlink income wasn't swamped by xAI losses it might be a decent investment. pat_k 11 hrs ago #13

Their revenue is less than their expenses. Shipwack 8 hrs ago #22

Trump said his shit "company" was worth at least $100 at it's IPO all those years Bengus81 1 hr ago #31

Musk is counting on irrational exuberance among his cult followers to keep early demand high for the stock muriel_volestrangler 16 hrs ago #2

Over the last year I have backed out of all my large-cap and index-tracking funds. paulkienitz 10 hrs ago #17

The forced Nasdaq buying sure looks like a scam flamingdem 8 hrs ago #20

Lots of competition in Space Exploration bucolic_frolic 16 hrs ago #3

I doubt even that makes sense. Nt BootinUp 15 hrs ago #5

Who could have known that there was a massive downside risk to being hyperpartisan and nationalist Prairie Gates 14 hrs ago #7

I hate that the SpaceX piece of shit will probably be added to my XMAG ETF. pat_k 14 hrs ago #8

$60 to $70 billion tops WSHazel 13 hrs ago #9

And Elon Musk owns approx. 42% of Space X, so his net worth will increase by $750 billion and send him... OGBuzz 12 hrs ago #10

i think teh IPO will mark a market top moonshinegnomie 12 hrs ago #11

Wouldn't nvidia be the beneficiary of Space X success? flamingdem 8 hrs ago #21

The felon shoveling hundreds of millions of our tax dollars at the Mag 10 is propping things up. pat_k 6 hrs ago #26

it may be moonshinegnomie 1 hr ago #32

Can SpaceX install data centers in space on Elon's timeline? eringer 11 hrs ago #12

There is no good business case for data centers in space. paulkienitz 10 hrs ago #16

Environmental Issues Must be Overcome eringer 9 hrs ago #18

There is no way you can make the math work paulkienitz 7 hrs ago #24

Lots of technical reasons against it happening, too. Shipwack 8 hrs ago #23

Agree that the problems seem insurmountable eringer 5 hrs ago #28

How many times have Elon's timelines been met? LudwigPastorius 9 hrs ago #19

...like they're making "short work" of the Starship? paulkienitz 7 hrs ago #25

Well maybe if Muskrat should fix the issue of his rockets exploding.................. turbinetree 10 hrs ago #14

Musk's rockets don't explode, they experience unscheduled rapid disassembly pat_k 5 hrs ago #27

And taxpayers are paying for this exploding stuff............I wouldn't trust this device for moon exploration turbinetree 23 min ago #34

Morningstar is being wildly optimistic. paulkienitz 10 hrs ago #15

My 23 year old Mercedes is worth at least forty million dollars. twodogsbarking 2 hrs ago #29

and looks like barbtries 1 hr ago #30

Our tax dollars at work. Emile 47 min ago #33