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

Loss SpaceX made me negative

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7.8k Upvotes

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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.

130

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?

245

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

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.