The entire stock market is basically 99.9% blind speculation and 0.1% basic math
The US, England, and Japan are all returning to quantitative easing policy. So we’ve once again got too much money chasing too few investments. What a lot of naive investors see as a market bubble is recognized among the more savvy as a return to our ongoing policy of asset inflation.
A lot of what SpaceX is selling boils down to an access point to public spending - through sale of military hardware and equipment, network access to Starlink, and R&D funds allocated to the private sector. That’s what is really driving investment. It is, in effect, a play on the future of police and military spending.
Still wildly overvalued imho. But not “blind” speculation.
The corporate governance arrangements (or lack thereof) should be enough to make any investor with two functioning brain cells stay well clear. But the stock market has lost all touch with reality long ago. The crash will be brutal. And small investors will hold the bag, as per standard procedure.
xAI buried inside SpaceX wasn’t enough to make them uncomfortable?
It’s worse than that… what they IPO with is basically a tiny percentage of SpaceX composed solely of xAI
The entire stock market is basically 99.9% blind speculation and 0.1% basic math, which is why it rarely makes sense
It’s not even a surprise, this is from SpaceX s-1 document: only 7% of their estimated valuation is from Space related activities
That’s what I was referencing, I’m surprised the regulators and the exchange let that happen
there are no rules anymore man… they just change them to rig the game in plain light… no ill consequences for the rich
You are surprised that the people doing this during Occupy Wall Street are allowing this?
The US, England, and Japan are all returning to quantitative easing policy. So we’ve once again got too much money chasing too few investments. What a lot of naive investors see as a market bubble is recognized among the more savvy as a return to our ongoing policy of asset inflation.
A lot of what SpaceX is selling boils down to an access point to public spending - through sale of military hardware and equipment, network access to Starlink, and R&D funds allocated to the private sector. That’s what is really driving investment. It is, in effect, a play on the future of police and military spending.
Still wildly overvalued imho. But not “blind” speculation.
The corporate governance arrangements (or lack thereof) should be enough to make any investor with two functioning brain cells stay well clear. But the stock market has lost all touch with reality long ago. The crash will be brutal. And small investors will hold the bag, as per standard procedure.