• Jhex@lemmy.world
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    1 day ago

    It’s worse than that… what they IPO with is basically a tiny percentage of SpaceX composed solely of xAI

    The entire stock market is basically 99.9% blind speculation and 0.1% basic math, which is why it rarely makes sense

    • BastingChemina@slrpnk.net
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      19 hours ago

      It’s not even a surprise, this is from SpaceX s-1 document: only 7% of their estimated valuation is from Space related activities

      • Redjard@reddthat.com
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        1 hour ago

        Is “Enterprise Applications” like shooting datacenters into space, or copilot business edition?
        I think the “Space-Enabled Solutions” part sounds more like designing satellites than the space-launch business.

          • atomicbocks@sh.itjust.works
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            16 hours ago

            One of several people standing on a balcony overlooking an Occupy Wall Street protest in 2011. This woman specifically was at the time believed to be an employee of National Bank but I don’t know if they were ever identified individually.

            • sem@lemmy.blahaj.zone
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              16 hours ago

              It disturbs me that my first thought was “facial recognition exists now”.

              This timeline is cursed

      • Jhex@lemmy.world
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        19 hours ago

        there are no rules anymore man… they just change them to rig the game in plain light… no ill consequences for the rich

    • UnderpantsWeevil@lemmy.world
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      24 hours ago

      The entire stock market is basically 99.9% blind speculation and 0.1% basic math

      The US, England, and Japan are all returning to quantitative easing policy. So we’ve once again got too much money chasing too few investments. What a lot of naive investors see as a market bubble is recognized among the more savvy as a return to our ongoing policy of asset inflation.

      A lot of what SpaceX is selling boils down to an access point to public spending - through sale of military hardware and equipment, network access to Starlink, and R&D funds allocated to the private sector. That’s what is really driving investment. It is, in effect, a play on the future of police and military spending.

      Still wildly overvalued imho. But not “blind” speculation.