Shares of SpaceX fell as much as 7% Thursday to $178, leaving the stock trading roughly in line with its volume-weighted average price of just under $180.
What a facade this “corporation” shit is. So the “stake holders” had literally the #1 space company in the world and agreed to merge it with two failing products in their own respective niches?
Pretty much yep. Elon has a controlling interest in SpaceX so I think that was just his outright decision, unless he had to abstain and let the investors decide? I’m not sure if he had a controlling stake in xAI.
Edit: You also left off ‘overvalued’ when referring to xAI/Twitter. I think SpaceX honestly could have grown into it’s individual valuation pre-merger.
I think people might see that sometimes, but not understand why, because they just see a starship blows up headlines and don’t understand what is happening as it’s a test program (for now), and the headlines / stories don’t convey that.
So when things explode, sometimes it’s fine, and the stock might go up because a lot of really important things still were tested, some for the first time, and they went well.
Other times, things will explode and it can cause huge delays, and while they learn something, it’s still ‘bad’ compared to the above blow ups, and the stock will very likely go down when these ones happen.
And then sometimes, something goes wrong on the test pad and you blow it up, and that is very bad. It’s a test pad, its meant for that, but it causes huuuuuge delays.
But OP is right, they brought this new chaos upon themselves by going public. They really shouldn’t have done it yet.
Gonna be funny when every rocket lauch failure tanks the stock, they should have stayed private lmfao
stayed private, and never merged with xAI/Twitter
What a facade this “corporation” shit is. So the “stake holders” had literally the #1 space company in the world and agreed to merge it with two failing products in their own respective niches?
Pretty much yep. Elon has a controlling interest in SpaceX so I think that was just his outright decision, unless he had to abstain and let the investors decide? I’m not sure if he had a controlling stake in xAI.
Edit: You also left off ‘overvalued’ when referring to xAI/Twitter. I think SpaceX honestly could have grown into it’s individual valuation pre-merger.
I wouldn’t be surprised if the opposite happened given how this gimp’s companies are known for being divorced from the fundamentals.
I think people might see that sometimes, but not understand why, because they just see a starship blows up headlines and don’t understand what is happening as it’s a test program (for now), and the headlines / stories don’t convey that.
So when things explode, sometimes it’s fine, and the stock might go up because a lot of really important things still were tested, some for the first time, and they went well.
Other times, things will explode and it can cause huge delays, and while they learn something, it’s still ‘bad’ compared to the above blow ups, and the stock will very likely go down when these ones happen.
And then sometimes, something goes wrong on the test pad and you blow it up, and that is very bad. It’s a test pad, its meant for that, but it causes huuuuuge delays.
But OP is right, they brought this new chaos upon themselves by going public. They really shouldn’t have done it yet.