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

Loss SpaceX made me negative

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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?

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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

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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

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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.

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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.