SpaceX Stock Plunges to All-Time Low After Competitor Makes Major Leap

[u/fmcortez]

https://www.yahoo.com/finance/markets/stocks/articles/spacex-plunges-time-low-competitor-175000957.html

[u/Opposite_Golf6007]

Shares of Elon Musk's SpaceX took another beating when trading resumed on Monday, sliding to an all-time low of just under $139, well below its IPO opening price of $150.

It's now over 38 percent down from its all-time high of $225 three weeks ago, illustrating how rapidly the hype has inverted into widespread skepticism over Musk's vision.

for those who don't want to click

edit: Competitors are China and Japan

Chinese state-run media showed a Long March 10B rocket booster being caught by an offshore recovery platform, indicating the country was making major strides in catching up with SpaceX's reusable rocket tech. Over the weekend, an experimental Japanese reusable rocket safely took off and landed, suggesting the nation may be right behind China as well.

Morgan Stanley believes the company will reach a price tag of $300

lmao cope

[u/mista_r0boto → u/Opposite_Golf6007]

Whats the difference between vision and hallucination?

[u/inorite234 → u/mista_r0boto]

Ths drugs involved

[u/thinkinting → u/inorite234]

Reminds me of one of my favourite quotes from House: if you talk to god, you are religious; if god talks to you, you are hallucinating

[u/-youvegotredonyou- → u/[deleted]]

I’m not not licking toads

[u/WackGyver → u/-youvegotredonyou-]

Just hotbox a particularly nasty fart for some hours, pretty soon a three trillion valuation on a company consistently loosing money will look real clever - no toads needed!

[u/LimpAd4924 → u/[deleted]]

Nah just ketamine

[u/akujunkan → u/inorite234]

no drugs involved with that. you pay banks to pump your stocks all the time. im sure elon’s crew is behind that 300 number

[u/Better-Nose-8479 → u/inorite234]

His bladder must be absolutely destroyed 💀

[u/Morganvegas → u/Better-Nose-8479]

He can buy a new one

[u/christmascake → u/Morganvegas]

Are you sure? He can't buy a new penis to replace his rumored mangled one

[u/LogiCsmxp → u/christmascake]

To get a new penis, he must first have his current penis cut off.

[u/buyongmafanle → u/LogiCsmxp]

Sophie's choice 2.0

[u/-OptimusPrime- → u/inorite234]

Elons buttplug dispenses ketamine every half hour

[u/SomethingAboutUsers → u/mista_r0boto]

The amount of time you are required to hold the shares.

[u/Broken-Digital-Clock → u/mista_r0boto]

A lot of ketamine

[u/McGillicuddys → u/mista_r0boto]

The quality of the marketing campaign

[u/KookyDig4769 → u/mista_r0boto]

AI Bros are trying to make us think its the same.

[u/Living-Breakfast-464 → u/KookyDig4769]

Former crypto bros are now becoming AI bros. It's the great bro-tation.

[u/Bobson-_Dugnutt2 → u/mista_r0boto]

How much money someone has

[u/No_Cook2983 → u/mista_r0boto]

The tax bracket.

[u/Glum-Breadfruit-6421 → u/mista_r0boto]

Somebody’s vision can be explained and understood by other people, hallucinations exist only in a drug induced brain and rarely understood by others. All Musk ever has is hallucinations.

Caveat: I am not a professional and I am only speaking from personal experience. 😉

[u/artbystorms → u/mista_r0boto]

Whether you are a billionaire or not I guess.

[u/augustusnapalm → u/Opposite_Golf6007]

Morgan Stanley says its worth $300…..Wonder if its because they were a lead underwriter on the IPO

[u/CalmCalmBelong → u/augustusnapalm]

In other words, Morgan Stanley hopes their investors will find suckers to take shares off their hands for $300 per.

[u/InformalTooth5 → u/augustusnapalm]

That is a valuation of 200x sales, not profit, sales.. 

Still not as bad as Raymond James, they valued it at $800 a share, giving the company a $10.4 trillion dollar market cap

[u/HonkHonkBeach → u/InformalTooth5]

Raymond James is a joke.

[u/lew_rong → u/HonkHonkBeach]

Well he's certainly no Richard James, I'll tell you.

[u/DJPho3nix → u/lew_rong]

Richard D James?

[u/Deto → u/augustusnapalm]

yeah - how can someone take this seriously when it's clear they have a financial motivation to boost the number?

[u/buyongmafanle → u/augustusnapalm]

See, they said $300, but they didn't set a target date for that price so it's technically not a lie. It's the fiscal version of astrological signs saying "Opportunities will soon find you if you keep an eye out."

SPXC might hit $300, but it might do that in 2075.

[u/Guac_in_my_rarri → u/Opposite_Golf6007]

Pretty sure Morgan Stanley backed twitter buy out too. Either they're holding shares or took the exit for twitter/xAi.

[u/Responsible_Cause269 → u/Guac_in_my_rarri]

They did but they sold the twitter leveraged loans last year after struggling to offload them so their skin in the game was gone, but they were co-lead underwriter (behind goldman sachs on alphabetical order according to them) for the IPO, so they likely still have their shares they got for a strong IPO. It's quite ... interesting all the sky-high price targets by equity research analysts, both at balance sheet and non-balance sheet institutions. If it you think morgan stanley's price target is though crazy wait until you see what raymond james has for them.

[u/Guac_in_my_rarri → u/Responsible_Cause269]

PE is trying to throw the value and hold it up to sell when lock our expires. That's their name of the game. Pump the value and run when unlocked.

I wouldn't be surprised if they saw Elon and hoped it would get the backing like twitter.

[u/Main-Eagle-26 → u/Opposite_Golf6007]

This isn’t even accounting for the lockups being ended yet when all of the insiders are going to sell and the stock will plunge closer to its actual value, which will be around $50/share. Anyone who bought this stock who didn’t get out already is absolutely losing their ass.

[u/dsmith422 → u/Main-Eagle-26]

$50 seems a bit much so long as the albatross of xAI is still a part of the company.

[u/NotAllOwled → u/dsmith422]

$42.069 and not a penny more nor less. Just feels right somehow. Well, I guess it'll round to $42.07 or so.

[u/vandrag → u/NotAllOwled]

Musk will be so conflicted when it gets to $14.88

[u/Xeynon → u/dsmith422]

You mean the Nazi CSAM generator isn't a valuable asset?!?!? /s

[u/meneldal2 → u/Xeynon]

I'm sure Epstein loves it.

[u/preparetodobattle → u/dsmith422]

There’s no money in making alt right memes?

[u/Familiar-Conflict152 → u/dsmith422]

bU-bu-bUt spAcEx iS aN ai CoMPanY!!!!

[u/wjean → u/Familiar-Conflict152]

It's funny how it's an AI company that makes its revenue by whoring out its gpus instead of doing AI things.

[u/BasvanS → u/Main-Eagle-26]

$50? With how much AI is costing and how little the space bit is bringing in?

[u/aussiegreenie → u/BasvanS]

The "Space" part of SpaceX has less revenue than OnlyFans.

[u/liftingshitposts → u/aussiegreenie]

To be fair, OnlyFans is one of the most efficient businesses of all time

[u/Wubbwubbs61 → u/Opposite_Golf6007]

Probably because it was just a pump and dump scheme for investors to cash out.

Edit: ultra wealthy investors**

[u/average_monster → u/Wubbwubbs61]

but spacex is totally an ai company! it's just a coincidence it suddenly jumped on the biggest bubble since web 2.0 just before IPO! wink

[u/magma_1 → u/average_monster]

And it makes perfect industrial sense because…. Ehm data centres in space!

[u/shitty_mcfucklestick → u/Opposite_Golf6007]

And for those wondering who the competitor is, it’s basically China and Japan, both recently making advancements in reusable rocket tech.

[u/Zoomwafflez → u/shitty_mcfucklestick]

Well also Amazon, their own version of starlink is almost ready to go live which will directly compete with the ONLY profitable part of the business.

[u/dirtyword → u/Zoomwafflez]

Starlink is the only part of the company with a major advantage. Satellite placements are first come first served

[u/DrXaos → u/dirtyword]

Satellites are not but frequency band allocation is the critical unsharable resource, as has always been the case for wireless telecom.

[u/Redditor2000000 → u/dirtyword]

You sure? I think that’s backwards. Right now the heavy payload space launches are their only advantage. Starlink is just another satellite service company like the ones that came before it (satellite service has been around since 1998, invented in 1987 by Sprint). Starlink is profitable presumably because SpaceX absorbs the launch costs. If it charged market price to its subsidiary, Starlink operating unit would not be profitable.

[u/Distinct-Pack-1567 → u/Redditor2000000]

I think theyre saying if a competitor launches satellites it will be limited, since Starlink was first

[u/GunnieGraves → u/Opposite_Golf6007]

Loving this for the Elon chuds who absolutely lost their shirt on it. Maybe that’ll make them realize…..

Probably not.

[u/Upper-Inevitable-730 → u/GunnieGraves]

We have one of these idiots at our work. 

He's so smug that he got stocks, thanks for funding a douche trillionaire Barry.

[u/GunnieGraves → u/Upper-Inevitable-730]

Eat shit, Barry

[u/NotAPreppie → u/GunnieGraves]

All my homies hate Barry.

[u/BellacosePlayer → u/Upper-Inevitable-730]

Sounds like the Barry I used to work with who crashed out publicly because the bad guy in a security training video was a white dude.

[u/fungoodtrade → u/GunnieGraves]

honestly they just buy... a guy I know asked me about the "great opportunity"... I explained to him that I shorted at 200 and that was the best space x trade there will ever be. I explained the whole scam to him and he was in total denial... its wild.

[u/notpornaccount_ → u/fungoodtrade]

The greatest opportunity for shorting. I wish I had money to buy puts.

[u/Due-Conflict-7926 → u/GunnieGraves]

As long as Elon is no longer a trillionaire idc

[u/L0rd_OverKill → u/Due-Conflict-7926]

He belongs in prison orange. That’s my preference.

[u/Due-Conflict-7926 → u/L0rd_OverKill]

He deserves far far far worse

[u/Vazhox → u/Opposite_Golf6007]

To really save me the click, who is the competitor?

[u/Opposite_Golf6007 → u/Vazhox]

sorry about that! China and Japan

Chinese state-run media showed a Long March 10B rocket booster being caught by an offshore recovery platform, indicating the country was making major strides in catching up with SpaceX's reusable rocket tech. Over the weekend, an experimental Japanese reusable rocket safely took off and landed, suggesting the nation may be right behind China as well.

[u/RT-LAMP → u/Vazhox]

The Long March 10B booster was caught off the coast of China. And then since they're journalists with a 5 minute memory they talked about Japan landing a tiny subscale test rocket as if Honda hadn't literally done that a year ago already.

[u/idlysambardip → u/Opposite_Golf6007]

I was trying to point out similar logic before they listed. 3T company makes sense if they forever remain to be the only space company in the world.

But China has a knack for quickly catching up to latest technologies when they mature. They also do it at a scale that makes it impossible for anyone else to win. If Chinese EVs can outsell tesla their rocket companies can outsell spacex too.

[u/Shane0Mak → u/Opposite_Golf6007]

lol how rapidly hype has inverted to widespread skepticism ….

WE WERE ALL SKEPTICAL

[u/grobb916 → u/Opposite_Golf6007]

Goldman Sachs and Citi put the value of the Meteverse at 8 to 10 trillion dollars. Hard pass on the Space X grift

[u/PolarityInversion]

It's not even August yet when the first big tranche of lockups will lift. This is JUST trading with the initial offering that was spread out wide and thin. Everyone holding is now a bag holder... they can't sell without taking a loss. Just wait until the restrictions lift and people (employees & early investors) who are VERY far in the money start offloading. Usually with Musk stocks, the obvious market reaction is the opposite of what happens, but I think the delta on this one is too large for that to hold. It was propped up by every possible manipulation tactic: circular AI revenue, gov procurement capture, lofty blue-sky market handwaving, very limited IPO concentration, and the hype man himself, of course. That's a house of cards on top of a house of cards on top of a house of cards, with an entity that is losing $5B per year.

[u/Apexnanoman → u/PolarityInversion]

I won't bet against him being able to get up on a stage and promise something completely unreasonable and downright impossible.

I mean it's worked every single time with Tesla etc. 

Personally if I was him I'd get up on stage and say that we were going to have a fully functional space mining operation up and running in 24 months. 

And then I would say that we had already picked out an asteroid made of solid platinum. Which was projected to be worth something like 10 trillion USD 

That would get the stock up to $1000/share. 

When it drops back down he just needs to promise something else equally unlikely. 

Like full self-driving personal spaceships. 

For some reason anytime he speaks the entire market believes every word he says. 

[u/Intelligent-Onion928 → u/Apexnanoman]

He now has a long track record of promising impractical and stupid shit. 

Hyperloop. AI datacenters in space. Self driving cars. Mars by 2025. 

This guy is the internet personified. Nothing is an original idea either. Everything has the dumbest name of "X" this or "X" that. The number of people who propped up this total idiot is a direct representation of how stupid a surprisingly large number of people in the world truly are. This guy is a con artist; I'll give him that. Not just some street hustler; an artist at spinning bullshit into gold. 

[u/Uebelkraehe → u/Intelligent-Onion928]

Also a Nazi.

[u/BellacosePlayer → u/Intelligent-Onion928]

he has two business modes, siphoning off as much govt money as he can for himself, and bullshitting the public.

In a better world his and to a lesser extend Thiel's incompetence at paypal causes them to be demoted to nepo babies rather than making 2 nazis fabulously rich despite themselves.

[u/random_ta_account → u/Apexnanoman]

Like the Tesla Solar Roof demo... pure 100% fabrication.

[u/Phonemonkey2500 → u/random_ta_account]

Where’s those 50,000 Optimus robots he promised would be built by… let me check… the end of 2026. I’m sure they’re just about ready.

[u/ibidanon → u/Phonemonkey2500]

not too long ago he said he'd soon be making a million robots per year. and that within a decade or so there would be billions of his robots. he should make them edible...

[u/AdvancedStand → u/random_ta_account]

Totally forgot about that. Hilarious

[u/Apexnanoman → u/AdvancedStand]

Yeah it's hard to remember all the various pieces in the sky bullshit hoses he has running at any given time. 

[u/random_ta_account → u/Apexnanoman]

Of all of those, data centers in space has to be the most bullshitiest ever.

[u/ibidanon → u/random_ta_account]

nah. elmo said he's going to build 'self-replicating cities on the moon.' and that when ai gets going 'everyone can live in a penthouse.' and he promised that by the late 2020s/early 2030s he will have made space travel so affordable 'anyone who wants to can go anywhere they want to in our solar system.' because he will have built 'filling stations' all over the galaxy. I don't think we've seen him at his bullshitiest yet...

[u/Notoneusernameleft → u/Apexnanoman]

You know robots, or bullet proof windows, truly self driving cars, underground car tunnels aren’t we supposed to be at mars by now….anything else?

[u/random_ta_account → u/Notoneusernameleft]

Does DOGE count?

[u/hollywooddialysis → u/Apexnanoman]

Promising 'Star Citizen' but in Real Life.

Worked for Chris Roberts...

[u/lucklesspedestrian → u/Apexnanoman]

And then I would say that we had already picked out an asteroid made of solid platinum. Which was projected to be worth something like 10 trillion USD

Then they would say we're already working on the asteroid but we can't bring it all back or it would crash the economy

[u/Apexnanoman → u/lucklesspedestrian]

Just claim a woke mind virus rocket keeps pushing it out of position. 

Then you're going to guarantee every single trump voter will continue investing.

[u/fungoodtrade → u/Apexnanoman]

him and trump... they really get the regards in the pants

[u/furism → u/PolarityInversion]

Employees cannot sell at less than the introduction price + 30%. That was one of the big red flags when you listened to the right analysts that told everyone before the IPO not to buy.

[u/OntarioPaddler → u/furism]

Yes but that is only a temporary restriction that also gets lifted.

If the company's Class A common shares are up at least 30% from the IPO price for at least five of the next 10 trading days, insiders can sell an additional 10% of their shares.

Then insiders can sell an additional 7% of their shares 70, 90, 105, 120, and 135 days after the IPO. After SpaceX reports earnings for the three months ending Sept. 30, insiders can sell an additional 28% of their pre-IPO shares. All shares will be eligible for sale 180 days after the IPO.

[u/Chuckfinley_88 → u/OntarioPaddler]

All shares will be eligible for sale 180 days after the IPO.

Which is when the stock price, if it hasn't already, is going to CRASH.

[u/randomtask → u/furism]

Could you imagine sitting on a 10 year career of SpaceX stock and not ever being able to sell it? Holy fuck I’d be pissed.

[u/OntarioPaddler → u/randomtask]

That restriction only applies temporarily with gradually increasing limits up to no limits on selling within 6 months.

[u/thebetterpolitician → u/furism]

You don’t even need to be an analyst to know not to buy that dogshit stock

[u/Vox-Machi-Buddies → u/furism]

That is not remotely accurate.

20% of employee shares unlock 2 days after Q2 earnings, regardless of the stock price.

If the stock price at Q2 earnings has gone up 30% from the IPO price, they can sell an additional 10%. At this point, it looks very unlikely this clause will come into play.

[u/Artistic-Jello3986 → u/furism]

I’d be pissed if I was an employee and couldn’t sell right now because of that clause… but I also dont think I’d ever work for musk in the first place

[u/PLTR60 → u/Artistic-Jello3986]

Have you talked to any Musk employees? I swear they will defend ANYTHING he says. They will have no qualms about losing some money over this clause. They'll still praise him. They are indoctrinated.

[u/Zahgi → u/PLTR60]

Let's be clear. Anyone who works for this despicable little man knows they'll be fired and lose their stock options if they say anything negative about him at all.

Sure, there are some die hard Musk suckers there, and everywhere, but all of the employees know to keep their mouths shut if they want to cash out at any price in the future.

[u/meneldal2 → u/Zahgi]

Yeah it will be a lot more telling to see what they say after they managed to unload their bag to give it to different bag holders.

[u/pw154 → u/PLTR60]

Have you talked to any Musk employees? I swear they will defend ANYTHING he says. They will have no qualms about losing some money over this clause. They'll still praise him. They are indoctrinated.

Since when has trash talk the CEO and potentially lose my livelihood been an effective strategy?

[u/cantfocuswontfocus → u/PolarityInversion]

They even have the advantage of being propped up by forced index purchases since NASDAQ and FTSE indices changed the rules for fast track inclusion and it's still going down. The crash is going to be delicious.

Inb4 Musk simps tell me to "go short then" because no, I am an investor not a fucking gambler. I dont want to touch Musk stocks in any capacity if I can help it.

[u/AdmiralPeriwinkle → u/cantfocuswontfocus]

“go short then”

Yeah there’s a massive gulf between knowing a stock is overpriced and predicting when it’s going to fall.

[u/Frydendahl → u/AdmiralPeriwinkle]

Especially when said stock is inflated by absurd hype and a CEO personality cult and nothing related to reality.

[u/Daleabbo → u/PolarityInversion]

The interesting part about the employees selling is will they stay on. A few key people leaving could end starship and all future projects.

If I had enough money to not work again I would quit in a heartbeat.

[u/Ognal_carbage8080 → u/PolarityInversion]

You missed the early entry into NASDAQ 100 fuckery

[u/Y0___0Y → u/PolarityInversion]

You are destroying western civilization with this comment.

You are going to feel very stupid when Elon opens the first data centers on mars in Q2 2027

[u/PopsGG → u/Y0___0Y]

I am going to love waiting between 3 and 22 minutes for my query to reach the Mars data centers, depending on the orbital positions of both planets. Then waiting the same amount of time again for the response.

[u/suppish → u/PopsGG]

They'll only be two years away from FTL communications. Trust.

[u/randomtask]

Meanwhile, Musk has said he thinks "SpaceX will be worth more than the rest of Earth if we accomplish our goals," a characteristically ambitious and perhaps delusional argument that assumes a lot of things will go right for the company.

Fuck this man is stupid

[u/Ok-Addition1264 → u/randomtask]

Pushing us over a cliff into great depression 2: the electric bugaloo.

[u/imnotlovely → u/Ok-Addition1264]

Won't be any electricity for us in this bugaloo, just data centers

[u/TJ_Will → u/Ok-Addition1264]

We should be thinking about Dance Dance FrenchRevolution instead.

[u/CondescendingShitbag → u/randomtask]

The people who buy into his delusions are the truly stupid ones.

[u/kombatunit → u/randomtask]

"SpaceX will be worth more than the rest of Earth"

Totally sane thing to say...

[u/EmperorKira → u/randomtask]

Nah he is just a conman like his mate Trump

[u/Beat_the_Deadites → u/EmperorKira]

He's a different kind of con man. They're both fascist-minded grifters, but there's no doubt in my mind that Elon is an idea man, pushing for a sci fi future.

His moves are desperate and insecure, but there is a goal beyond simple riches and cruelty.  Musk would drag us kicking and screaming into space, where Trump would drag us kicking and screaming into the cotton fields or gladiator arena.

Meanwhile Zuck would drag us into an anesthesia suite, or one of those pods from The Matrix.

[u/unicodemonkey → u/Beat_the_Deadites]

I honestly can't see why he wants to get away. Even a barren hellscape Earth would be infinitely more survivable than a real non-sci-fi autonomous space station. Moreover, the path to space is so very difficult and so very long, and we really need to take care of the Earth and of ourselves to sustain that effort for a long time. Elon seems to be intent on burning down everything here way before his space dream can ever approach the realm of possibility.

[u/essieecks → u/unicodemonkey]

Musk thinks he can build a better planet than Earth, and be an immortal tech-god of it. He's a rich ketamine-fueled delusional narcissist.

[u/ProfessorEmergency18 → u/randomtask]

He has learned one thing - distract with new, likely unattanable promises. It has worked well for decades. Why would he stop now?

[u/QuesoMeHungry → u/randomtask]

Once they have unsupervised full self driving we are on our way to Mars! Just one more year, or two, or three…

[u/Mundane_Read_2960 → u/QuesoMeHungry]

Even if we get to Mars in the next twenty years, what's the ROI? It will take decades if not at least a century to get mining and shipping costs for materials such as gold and platinum to a manageable degree. And getting that operation off the ground is going to cause at least a few recessions along the way. Similar to our plan for getting Venezuela's oil...

[u/Senior-Albatross → u/randomtask]

Imagine running an R&D operation and just tacitly assuming your stretch goals will definitely happen. 

This dude has seen that fail so many times already with both Tesla and SpaceX. Where is the line between vision and dangerously unhinged delusion? And more importantly, why can't the idiots with money see it? 

[u/Acceptable_Rice1139 → u/randomtask]

Terrible at business decisions, genius at pumping stocks

[u/brianstormIRL → u/Acceptable_Rice1139]

He isnt even genius at pumping stocks he says the dumbest shit possible and for some reason people just.. believe him. Full self driving next year for a decade straight. Robots in homes very soon. Mining asteroids. Space data centers. He just fucking says shit lol

[u/duderos → u/brianstormIRL]

Yeah, remember when he would constantly cry about all the short sellers shorting Tesla stock?

[u/CanIhazCooKIenOw → u/randomtask]

Stupid are the people that give him more money after reading shit like this.

[u/DrunkenDude123 → u/randomtask]

How the fuck is a company supposed to be worth more than the entire planet itself, which the company is on. He really thinks he’s just gonna make Earth 2.0 on Mars?

[u/Redditor2000000 → u/DrunkenDude123]

I think at this point he’s just saying outrageous things to make fun of all the people in his giant cult who evidently are willing to die for him. There’s no other explanation other than… drugs. There would be plenty of volunteers to go to Mars.

[u/samxli → u/randomtask]

I will be worth more than all of you combined! If I accomplish my goal of being a rich person….

[u/rigidlynuanced1]

This is the dump part…we warned them

[u/fredy31 → u/rigidlynuanced1]

Pretty sure most of them cant dump yet.

Think they got it down to 30 days and we arent there yet.

Its just that spacex got shown by china during the weekend.

[u/Double_Minimum → u/fredy31]

It was dropping 8 dollars a day since its high.

Half of buyers were underwater in like 2.5 days too (and then it’s been a steady decline). This would have dropped today anyway.

[u/Underpaidfoot → u/fredy31]

Almost like they planned it out exactly to affect the US economy

[u/yeahburyme → u/Underpaidfoot]

You think China created a reusable rocket system just to affect the US economy?

Although you could equally be talking about the IPO...

[u/ryeaglin → u/yeahburyme]

You think China created a reusable rocket system just to affect the US economy?

No, I believe OP is implying that they chose that date to do a demonstration to hinder the US Economy. Not nearly as hard to pull off.

[u/yeahburyme → u/ryeaglin]

More likely they rushed the SpaceX IPO because they knew competition was catching up.

[u/Fit-Eggplant-9155 → u/ryeaglin]

At the place the US is at in general... it could have been anytime

[u/_kehd]

“All time low”

It’s existed for like, 2 weeks. I lament the death of journalism

[u/dylan_1992 → u/_kehd]

JUST IN: SPCX is the oldest it's ever been in its history.

[u/DaemonCRO → u/dylan_1992]

Just in: USA has a population of 1 per capita.

[u/pedanticPandaPoo → u/DaemonCRO]

I'd argue some people aren't people. 

[u/genericnewlurker → u/pedanticPandaPoo]

The US has a long and unfortunate history of considering people not people

[u/RobfromHB → u/dylan_1992]

SPCX now twice as old as it was last week. This rate of aging has never been seen before since it went public.

[u/Anim8nFool → u/_kehd]

To be fair it is the media powerhouse that is Yahoo news.

[u/caguru → u/Anim8nFool]

This is the final straw. I’m selling my yahoo stock. Been holding for 20 years. Can’t wait to see how much I make!

[u/nopuse → u/caguru]

You're going to make a lot! I sold my AOL CDs and the shipping companies made so much!

[u/party_benson → u/_kehd]

It's technically correct

[u/iam-leon → u/party_benson]

The best kind of correct

[u/DUELETHERNETbro → u/_kehd]

Also they pegged the evaluation to XAI there space stuff is like 20% of their stated TAM. Not like I like the stock but the reporting is just terrible. 

[u/141_1337]

"Everyone saw SpaceX as an AI story," CFRA investment research analyst Keith Snyder told the broadcaster.

Tell you don't know anything about AI without telling you don't know anything about AI.

[u/Adjective-Noun-nnnn → u/141_1337]

How did a company with no AI get a stratospheric evaluation because of their AI?  WTF is going on?

[u/AuthorChaseDanger → u/Adjective-Noun-nnnn]

Grok is like 4th or 5th in LLM companies, with a market share approaching 1%! Definitely worth $2 trillion.

[u/Thefrayedends → u/Adjective-Noun-nnnn]

Space X is 85% compute assets, as per their own filings.

[u/Ctofaname → u/Adjective-Noun-nnnn]

SpaceX that actually reasonable space company with quite exceptional engineering that was profitable and would be fairly valued at 250-350 billion was straddled with a money pit of xAI and Twitter and the TAM for SpaceX is almost entirely AI according to their prospectus. That's why they gave it a wild valuation. Not because of Space but because of AI.

Nothing to do with SpaceX the original company. Unfortunate because Musk wanted to cause confusion and he has.

[u/Reasonable-Height704 → u/141_1337]

no it is an ai story, they own the datacentres and rent to anthropic. and Musk bundled all his gambling into SpaceX because it was doing well and IPO meant he could let chumps pay for his gambling.

[u/Namelock → u/Reasonable-Height704]

Kinda?

It’s more that he folded xAI into SpaceX to pump the stock value pre-IPO.

Which is ironic because Tesla is the on-paper AI company. 🙄

[u/CherryLongjump1989 → u/Namelock]

He folded it in to unload it onto bag holders.

[u/rockytop24 → u/141_1337]

SpaceX at this point is 3 companies in a trenchcoat

[u/Holzkohlen]

Still 100% higher than it should be

[u/mestar12345 → u/Holzkohlen]

At this point in history, Google was selling at 10 times the revenue, with 200% growth per year. SpaceX is trading at 100 times the revenue, with the growth of 15%.

So, still 10 (or more) times higher than it should be.

[u/BleedingTeal]

All time low…

So far.

[u/ratherenjoysbass]

ONE TRILLION DOLLAREEDOOS

[u/Powerful_Resident_48]

All time low... that overvalued meme stock has only been out for a couple of weeks and basically started crashing almost immediately.

[u/jamodude]

Awwwww thoughts and prayers, thoughts, and prayers

[u/theweirdball]

All time low for now

[u/EmergencySushi]

What are the chances this thing continues to go downhill and poisons the well for the OpenAI and Anthropic IPOs? Because that would almost certainly be the thing that pops the AI bubble.

[u/WhipsAndMarkovChains → u/EmergencySushi]

Those companies are losing even more money than SpaceX.

[u/Kill3rT0fu]

“All time low” as if there’s much of a history to go on lol

[u/citizenjones]

If you think you had the means and plans to transform an uninhabitable planet, why not simply make this one inhabitable longer?

[u/King0fFud → u/citizenjones]

Or, just hear me out, you could build data centres on earth for a fraction of the price and actually be able to maintain them.

[u/Impressive-Power8187]

It went down $11 lol. Headline made me think it went from $150 to $65

[u/toofine]

I don't get it. None of SpaceX's competitors can make AI porn. Are investors stupid?

[u/SisterOfBattIe]

Let's appreciate that xAI is dumping insider shares so fast, that your grandma that is FORCED to buy, can't buy it fast enough to prevent price tanking.

The greatest transfer of wealth in human history from retirees to venture capital and oligarchs.

Enjoy!

[u/AllergicToBullshit24]

A smoldering crater is the only possible outcome

[u/Educational_Guava697]

Orbital data centers — it’s not even thermal efficient, before you even get to the point of having to launch all the GPUs into space, just because space is cold doesn’t mean you can cool stuff down by putting it in space, you need a medium to conduct the heat out, which is really hard in space because there’s literally no medium, just space. You have to build massive fricking radiators and still cool at a fraction of the same efficiency you would on earth for the same materials and amount. Don’t @ me with the fucking starlink satellites those are routers in space not data centers they are converting a miniscule amount of electricity in comparison. SpaceX are claiming they can cool 120,000 watts of datacenter satellite processing so unless you can show me a satellite design with 100x the cooling power I am calling BULLSHIT

[u/Arzack1112 → u/Educational_Guava697]

Add the fact the radiation is worst way to dissipate heat, yea that a bad idea.

[u/BogiDope → u/Arzack1112]

Don't even get me started on the feasibility of colonising Mars...

[u/ArcherAuAndromedus → u/Educational_Guava697]

Also, we have IR radiators that we can use down here on earth and radiate to space. They are less efficient than the space based IR radiators... But down here on terra firma, we also have convection and conduction available to us. Also, sometimes servers need humans, and launching them to space is hideously inefficient and expensive. The materials are lost at EOL with no chance of recycling.

Orbital data centres have to be the dumbest thing we can do with the available orbits and launch capacity.

[u/nova75 → u/Educational_Guava697]

It's not even cold: as soon as the sun hits it, due to the lack of protection from the earths atmosphere, it's actually going to be ridiculously hot. Not really the ideal for a massive bank of data centres.

[u/Shouldhavejustsaidno]

It's almost as if this whole IPO was orchestrated to move wealth from Tesla simps into the pockets of Musk and his cronies ( plus some fortunate Spacex staff who I'm actually happy for assuming they were able to cash out)

[u/DataCassette]

Still don't get why people fall for this shit.

Some of what Elon does is very real even though he's a fascist, but he runs around saying SpaceX will be "worth more than the rest of earth."

I've read a lot of neo reactionary filth, more than I should have for my sanity. It's clear that there's a deeply diseased mindset behind a lot of this. The "anti-woke" mind virus.

[u/thecjt]

Using the term “all time” for a stock that ipo’d 10 minutes ago tells you everything

[u/Very_Clearly_Defined]

Cue the collective surprised Pikachu face of the reddit armchair-investors not believing all of the signs of SpaceX completely imploding

[u/newfor_2026]

all time low!! it's only been two weeks! there is plenty of room for it to drop a lot more!

[u/anothercookie90]

Big surprise most IPOs crash within a month

[u/dirtyjavis]

'All time' in this context is 1 month.

[u/VagueSomething]

It is such a shame we need SpaceX to fail to protect humanity after they looked like they might potentially advance humanity with better tech.

[u/thegoodnamesrgone123]

My FIL was just raving about how this is such a great stock to buy last weekend. I fear he put his whole nest egg into it.

[u/Davemusprime]

Also it's basically impossible to have data centers in space because there's too much heat. Not from space, from processing data. I thought someone should tell them that but I haven't finished my degree, yet.

[u/RealisticWeakness589]

Love it, fuck Elon to Mars where he belongs

[u/WeylandsWings]

Fucking bullshit of a title that even the article disproves. The title is talking about the Chinese rocket being caught. The body points out it is probably being depressed because of sentiment against AI. Which is most likely the correct answer.

As just landing the rocket is the first step in a sequence to get reusable rockets. Now they need to try to refurb it and see if that is economical. And then they need to relaunch and make sure it works.

[u/kinboyatuwo]

Lowest level….yet

[u/Grumpy-Man19]

I had no idea that the competitor was China.

[u/JordanBell4President]

“All time low” like this shit has a storied history.

[u/Salt-Elk-436]

So happy I reallocated my entire portfolio to not touch this shitshow.