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muriel_volestrangler

(106,703 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

Tuesday

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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Highlight:

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

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

"only 'worth' a few 100 million" EX500rider Tuesday #4

revenue -- final line ? dave99 Tuesday #6

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

Their revenue is less than their expenses. Shipwack Wednesday #22

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

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

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

The forced Nasdaq buying sure looks like a scam flamingdem Wednesday #20

Lots of competition in Space Exploration bucolic_frolic Tuesday #3

I doubt even that makes sense. Nt BootinUp Tuesday #5

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

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

What I do is pick and choose my own stocks. Have not lost yet. efhmc 4 hrs ago #39

I didn't do so well at that 2000-2010 and shifted my modest investments over to a couple index funds, pat_k 3 hrs ago #40

This message was self-deleted by its author pat_k 3 hrs ago #41

$60 to $70 billion tops WSHazel Tuesday #9

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

i think teh IPO will mark a market top moonshinegnomie Tuesday #11

Wouldn't nvidia be the beneficiary of Space X success? flamingdem Wednesday #21

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

it may be moonshinegnomie Wednesday #32

This message was self-deleted by its author fujiyamasan Wednesday #37

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

There is no good business case for data centers in space. paulkienitz Tuesday #16

Environmental Issues Must be Overcome eringer Wednesday #18

There is no way you can make the math work paulkienitz Wednesday #24

China has a better idea: sink them in the ocean. paulkienitz Wednesday #35

Lots of technical reasons against it happening, too. Shipwack Wednesday #23

Agree that the problems seem insurmountable eringer Wednesday #28

How many times have Elon's timelines been met? LudwigPastorius Wednesday #19

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

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

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

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

Morningstar is being wildly optimistic. paulkienitz Tuesday #15

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

and looks like barbtries Wednesday #30

Our tax dollars at work. Emile Wednesday #33

Once Space X goes public... The Grand Illuminist Wednesday #36

...or it won't, and the AI bubble starts deflating right then. paulkienitz 22 hrs ago #38