this post was submitted on 19 Jun 2026
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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
You are surprised that the people doing this during Occupy Wall Street are allowing this?
Who is that
One of several people standing on a balcony overlooking an Occupy Wall Street protest in 2011. This woman specifically was at the time believed to be an employee of National Bank but I don’t know if they were ever identified individually.
It disturbs me that my first thought was "facial recognition exists now".
This timeline is cursed
there are no rules anymore man… they just change them to rig the game in plain light… no ill consequences for the rich
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.