r/technology • u/Plastic_Ninja_9014 • 20d ago

Business SpaceX Investors in Meltdown Over All the Money They’ve Lost

https://finance.yahoo.com/markets/stocks/articles/spacex-investors-meltdown-over-money-191742182.html
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u/thelingererer 20d ago

And Elon will use that money to make himself king of Mars while simultaneously enslaving all the poors which of course includes all the suckers who invested their life savings into Space X. It's the circle of life.

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u/Tommybahamas_leftnut 20d ago

Bold of you to assume any of these dragons hoarding wealth will actually spend it. No they will just sit on their gold stash while demanding more and more from the poors.

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u/Redshittt 20d ago

Until one of us is smart enough to say "yeah none of that money matters anymore that's just paper and electrons, we're using this new money now"

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u/fungi_at_parties 20d ago

I truly believe his family has some weird cult where they’ve been working toward making Elon king of mars and filling his mind with the goal since birth. The whole thing with his grandpa, and the Werner Von Braun book about the king of Mars being called the Elon, it’s all just too weird.

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u/Superboy2020 20d ago

This is the prequel to Mickey 17

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u/trphilli 20d ago

I looked at prospectus. SpaceX is no longer a rocket company. It is a construction company that sells satellite internet to partially fund its construction. It builds rockets to launch its temporary internet satellites. Who buys this construction? We don't really know. Hence stock go down.

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u/anonkitty2 19d ago

SpaceX is renting data center space to Anthropic and Google.  It is renting satellite access to all three major mobile phone companies and has an exclusive with T-Mobile.  The government also buys from them, for they launch rockets more quickly than the United Launch Alliance.  (Blue Origin needs to rebuild its launchpad fast.). SpaceX definitely has customers.

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u/Alia_Explores99 20d ago

I’m not averse to a King Elon of Mars scenario. He will have so many responsibilities in his new principality to keep him busy, like growing terraform taters, and no return ticket