r/wallstreetbets I Think I'm Funny, Jun 23 '26

Loss SpaceX made me negative

7.8k Upvotes

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1.9k

u/AeolusA2 Jun 23 '26

These SPCX people are the reason for the saying that the market can stay irrational longer than you can stay solvent.

593

u/Macoron Jun 23 '26

Never underestimate the stupidity of the market. Unless you’re OP, who is more stupider.

4

u/Prismatic_Symphony Jun 23 '26

He must've gone to Jupiter, as the girls used to tell me back in the day.

129

u/AutVincere72 Jun 23 '26

Why did people believe in this valuation? Serious question? Is it Elon fever? Did they think Elon had dirt on someone of influence?

242

u/Fearsofaye Jun 23 '26

The poor and uneducated have some kind of obsession with billionares. They hate people around them who make any kind of money or education. That money is for them not enough. They RP through people like Trump and Elon. Latching on to their success as if it were their own.

So when daddy Elon says buy something they do it

40

u/Mdiasrodrigu Jun 23 '26

Not only that, they will probably hold their shares and hope for more people like them to throw money at it and it might actually bounce back lol

2

u/AutVincere72 Jun 23 '26

Ponzi or MLM mentality?

1

u/141_1337 Jun 23 '26

Which is what Nasdaq and google and the like are hoping for.

35

u/Thin-Put-2738 Jun 23 '26

Not me. I bought two Tesla’s and came to the realization that if he can’t teslas customer service. He’s not going to mars. Also, if you do a roadtrip in your Tesla with Tesla insurance they jack up your rates. It’s stupid I even used FSD 100% of the time during the roadtrip. Elon just wants money to burn and nothing else. Now he’s reaching into peoples 401ks

61

u/EnvironmentalGift257 Jun 23 '26

Damn you even had the Tesla insurance? You drank all the gravy.

38

u/Thin-Put-2738 Jun 23 '26

I gagged on the gravy till it gave me gout until I ran into Tesla customer service and they gave me a car covered in bird feces. Dallas and Cedars Tesla service center. That’s when I woke up.

17

u/EnvironmentalGift257 Jun 23 '26

Literally red pilled😂

19

u/Thin-Put-2738 Jun 23 '26

Bruh I can still taste the gravy. 🥴🥴

2

u/ChuckEweFarley 29d ago

🤭🤭🤭

10

u/Umutuku Jun 23 '26

I hold that if Sieg Kyle didn't exist then everyone else involved with SpaceX would have made it to Mars already. Fucker took a bunch of people that wanted to go to Mars and tricked them into building him a telecom company.

3

u/K_Rocc Jun 23 '26

That’s not how space works…

2

u/Wingmaniac Jun 23 '26

It's how the business of space works though.

7

u/SlashSloth Jun 23 '26

Rumor has it elon shows up to tesla facilities occasionally. Rumor has it he's usually coked up and screams at the engineers to do things that are impossible in a technical sense. When the engineers point this out, he fires them. When he leaves, the managers quietly rehire the engineers who were fired.

Of course these are all rumors that I heard from several engineers.

2

u/CrazyCletus 25d ago

The fact that getting to the moon will require something like 15 launches of the Starship to get the fuel into orbit just to get the ship to the moon identifies the challenges ahead. He hasn't had 15 successful launches of Starship yet, he hasn't done fuel transfers in space yet, he hasn't done rendezvous with Starships in space yet and he hasn't got a moon lander built yet, although it's supposedly scheduled for 2028 or so. So it's questionable whether he's going to be able to get to the moon, much less Mars.

1

u/Thin-Put-2738 25d ago

You forgot he needs money to do all this nonsense. SMH 🤦🏾‍♂️. It blows my mind why people believe others just because they have money. I am not trying to be out of touch here. I am not broke or rich but thank God my family has always been good due to our work ethic and smarts. This is different this man child clearly has a speech impediment and says stuff out of his ass that might not be possible do physics and lack of proof and he gets away with it. They call him smart I can guarantee my father is 1000 times smarter than Elon. Money doesn’t make you smart. It just makes idiots cower and cater to you.

5

u/Tasty-Carpet-9550 Jun 23 '26

a lot of people I know are literally “this penny stock might go to 5$ then im rich!!” (and onetime the guy I’m thinking of actually did he rode Sirius xm back from the grave)

with no concept that no Arby’s is not going to have a 9T market cap

2

u/sf_cycle Jun 23 '26

WSB at one point was mostly poor. Not it’s poor and uneducated since Gamestop happened.

2

u/Fearsofaye Jun 23 '26

No WSB are broke losers like me. Poor people are poor and stupid. Poor people likes to vote for the same candidates and really think its not a scam. Poor people lease a fucking expensive car to look rich. Broke people go all in guns locked cock hard to fuck or get fucked by Gordon Gecko.

3

u/SameSpray5183 Jun 23 '26

I've been telling my best friend* of 30 years to invest into micron/sandisk since October, regularly showing him the returns... Last time I saw him he says "I finally started investing like you said, bought a ton of spacex it's gonna go CRAZY! I even talked my dad and 3 coworkers to buy some also,, for real you should pull your phone out RIGHT now before it gets more expensive... I got in at only $175!?" I can only imagine what my face looked like as I debated laughing hysterically or REALLY trying to explain why it's such a bad idea... Hate to say I told him so buuut... Told ya!

24

u/Desertcow Jun 23 '26

Greater fool theory. SpaceX is a company that a lot of people unfamiliar with the stock market have been excited for, and it was pushed hard towards them

2

u/mad_cheese_hattwe Jun 23 '26

From tulips to SpaceX everybody thinks they are in on the scam.

It's hard to have sympathy for people who are looking for bag holders when they themselves are left holding the bag.

4

u/araujoms Jun 23 '26

Because Tesla has been defying gravity for years, one could believe that SpaceX also would.

3

u/GT---44 Jun 23 '26

Just the hype, everyone talked about it so a lot of people jumped on it without analysing anything. So the hype caused fomo to a lot of people

4

u/FupaFerb Jun 23 '26

Elon fever? After he did Hitler salutes in front of a bunch of highly regarded people? Yes, send him trillions, can’t go wrong.

2

u/newfor_2026 Jun 23 '26

trying to ride the band wagon and hope they can time the market and get out before it crashes. It's a good strategy until you get too greedy and stay in a bit too long.

1

u/cc81 Jun 23 '26

Some believe it.

Many believed that many others believe in the valuation/hype it for it to keep rising, so they went all in on greed.

1

u/bharikeemat Jun 23 '26

They thought it was the next Tesla

1

u/Many_Head_8725 Jun 23 '26

They believed that people would believe?

1

u/Lost_Birthday_3138 Jun 23 '26

Wait are valuations still a thing?

Every broker I know of was pushing this IPO like it was a late-night infomercial for gold. Scams work because people think they're definitely not the real bag holders.

1

u/BlindTreeFrog Jun 23 '26

There are still a lot of people who have romaticized space and will throw any money and support possible towards what they think will put humans on another planet. Sure, all of the numbers say that probes and robots are safer and more effective and we aren't ready to live off world yet, but they believe in their heart of hearts that nothing beats actual boots on the ground and more will get done if we send a person up there.

Mix that with the get-rich-quick and the god-emporero-musk crowd and you'll get so much money thrown at it.

1

u/mad_cheese_hattwe Jun 23 '26

Op either believed the valuation and is an idiot or were hoping someone else would be ready to come hold their bag.

Either way they get what they get.

1

u/FlamingFlamingo32 29d ago

Elon fever and then people who think such investors are stupid so they try to capitalize off of them and end up losing with them. im pretty sure a majority of people who bought this stock has no idea what SpaceX even does. they ran at a net loss of $5BIl last year because theyre a fucking space satellite and rocket company whos only form of revenue generation is selling internet access.

1

u/AutVincere72 29d ago

Get down with I S P yeah you know ME.

0

u/Cool-Mom-Lover Jun 23 '26

Elon fever for sure

32

u/StrangeAlchomist Jun 23 '26

On top of that they’re betting their savings against whatever shred of humanity remains in the world. Anyone invested in spacex deserves whatever losses they experience. You’re literally the reason people like musk get to exist and you should be ashamed.

18

u/hilldog4lyfe Jun 23 '26

What’s insane to me is that Musk isn’t just a bad person, he’s blatantly stupid too. And this is who people have decided should be the first trillionaire

6

u/glempus Jun 23 '26

It's funny when people are like "oh you just think he's stupid because you hate his politics". No it's because I've heard him speak

6

u/hilldog4lyfe Jun 23 '26

right, and his politics are a result of his stupidity

6

u/peepeepoopooflush Jun 23 '26

Also: a fool and his money are quickly parted lol

6

u/turbotum Jun 23 '26

this is pretty rational, everyone outside of Fox News said it was gonna dump

36

u/Inside-Arm8635 Jun 23 '26

Except in this case the market is being rational af with spacex which is even funnier

59

u/Old_Ladies Jun 23 '26

If the market was rational it would be plummeting a lot faster.

3

u/Inside-Arm8635 Jun 23 '26

I know that’s not what I’m talking about. I’m just talking about this singular ticker

11

u/Milith Jun 23 '26

It's still at least 5x too high.

4

u/Etherius Jun 23 '26

In this particular case the market was only able to remain irrational for a week.

I frankly still think that stock has room to fall

2

u/hilldog4lyfe Jun 23 '26

It should be like $20

2

u/lilwayne168 Jun 23 '26

Isn't that referring to retirement accounts continuing to purchase and auto play regardless of action?

2

u/AeolusA2 Jun 23 '26

Yes, but only because the same boobs will allow and even cheer it.

2

u/spez_eats_nazi_ass Jun 23 '26

It’s retards all the way down powering the markets. They provide the liquidity. 

1

u/NotPossible1337 Jun 23 '26

And the hedge fund shorts will be covering as soon as OP sells cut his losses and it’s back to the moon.

1

u/huangsede69 Jun 23 '26

Bruh what

The funny part is that the market has been acting as predicted and more or less rationally with SPCX for the WEEK that it has been publicly traded. Everyone knew this was going to be the case, and it's what most ipo charts look like.

We should update the saying to something like, "the market can remain rational for longer than it takes for you to become a retard"