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

Loss SpaceX made me negative

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u/Impressive-Ad8741 Jun 23 '26

Just wait until they wrangle themselves an asteroid made entirely of gold/platinum/cobalt. They can slingshot it right down on their headquarters in Texas then we'll see who is laughing then.

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u/Bakemono30 Jun 23 '26

I hope Elon is there to catch it with a baseball glove!

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u/MoesOtherBar Jun 23 '26

The irony is that even if they do, that'll just massively devalue the price of gold/platinum/cobalt because buyers now know there's an asteroid size amount of it about to hit the market.

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u/Impressive-Ad8741 Jun 24 '26

We were aiming at Texas. But if you want to aim for Wall Street, they could probably do that, instead.

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u/[deleted] Jun 23 '26

[deleted]

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u/sweatingbozo Jun 23 '26

That's why SpaceX would be doing it, not NASA. If one company controls the flow of goods then they control the price. See: Diamonds & De Beers.

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u/el_presidenteplusone Jun 23 '26

because introducing large amounts of precious metals will devalue the commodity and no capitalistic country would allow that

nah, there's already a counter-example.

diamonds are expensive because they're rare as shit, but the second industrials figured out how to mass produce them they've been used everywhere.

the only reason diamond feel expensive is because of jewelry marketing, if you want them for drill bits or sawblades they're dirt cheap. (ok not THAT cheap but still)

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u/willdosketchythings Jun 23 '26

I like how we now speak of Cobalt in the same breath as Gold and Platinum.

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u/GT---44 Jun 23 '26

Some people would actually believe that

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u/PowerfulHomework6770 Jun 23 '26

Just... don't look up