649
SpaceX stock drops to a new low and loses $1 trillion in value in a month
(www.businessinsider.com)
this post was submitted on 18 Jul 2026
649 points (98.1% liked)
Technology
86468 readers
3339 users here now
This is a most excellent place for technology news and articles.
Our Rules
- Follow the lemmy.world rules.
- Only tech related news or articles.
- Be excellent to each other!
- Mod approved content bots can post up to 10 articles per day.
- Threads asking for personal tech support may be deleted.
- Politics threads may be removed.
- No memes allowed as posts, OK to post as comments.
- Only approved bots from the list below, this includes using AI responses and summaries. To ask if your bot can be added please contact a mod.
- Check for duplicates before posting, duplicates may be removed
- Accounts 7 days and younger will have their posts automatically removed.
Approved Bots
founded 3 years ago
MODERATORS
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
Seeing musk fail makes me giddy. Seeing people who dumped and lost their money on him makes me giddier. FAFO
Shorting the stock and making money on your own when Musk fails
(This is not financial advice. In fact it’s very dangerous as Musks companies often perform irrationally)
(This is not financial advice. In fact it's very dangerous as Musk's companies stocks are manipulated and rigged manually)
ftfy
Unfortunately, a lot of people didn't have a choice in the matter.
A lot of Americans voted for this clown, remember? And most of those voters were fine when DOGE destroyed the lives of many. Now it‘s their turn to pay up. Let this be a lesson for Americans. Subscribing into an ideology of selfishness and hatred comes at a cost for society.
And a lot of Americans didn't vote for this clown, remember? Those are still being punished with this bullshit.
?
Your money in savings and insurance and superannuation funds is often reinvested in shit like this.
It's worth dropping yours an email and asking whether they do or not..
The 401k that americans use also automatically invested in it if they didnt opt out iirc
There isn't a single 401k that Americans use. 401k is an index fund, an investment vehicle. I'm sure many included SpaceX but plenty did not.
And as an individual you can't really "opt out" of individual stocks in the fund. You could roll all of your investment into a different fund that doesn't include the stock you don't want, but I don't know of any broker that allows people to pick and choose which stocks they want to use in their 401k. You give them money, they manage the fund, that's how it goes.
Oh, I hadn't clocked until now that 401(k)s are a pension fund. I guess that means they are basically the same as superannuation.
Mine is invested in the UK with a focus towards sustainability and green energy, so I am safe. Plus I don't really care much if it doesn't go negative. Just want to pay off my mortgage and then stop working much.
Mine is also in a nominally ethical fund, but they still invest in e.g. nvidia. Not sure about spaceX though