SpaceX IPO draws more than $70 billion in retail orders

Dark-Chocolate35

Think of this - NASA did not use a Musk nor Bezo's rocket and capsule to orbit the moon.

David Stone27

He's shifting his debt onto 401 (k) holders, whose index funds will buy his junk stock. It's going to tank a lot of retirees' retirement hopes and dreams.

It’s worse than that. He also retains 85% of the voting right of the company. So the shareholders can never get rid of him.

ColinJ19

He's rolling Tesla debt into the IPO. It's a huge scam.

bigboreairgunner.bsky.social13

Overhyping technology to gather public and private funding is the only area in which Musk is actually a genius. Tesla is the biggest meme stock in history and likely won't exist in a decade. My guess is that Space-Ex will end up buying Tesla to save it.

Andy HP13

Elon received 38 BILLION in SpaceX subsidies. Socialized subsidies, tax cuts, losses, privatize profits.

Marko Silberhand13

. Investors should steer clear of SpaceX . . . ... the thing is going to explode in their hands. Never trust Elon Musk ! Photo from 5-21-2026 💠 🧐 💠

Dee13

It's also a clear reminder that there's a sucker born every minute. Elon Musk is the biggest con job on the planet.

Kitty Kowalski11

This country is ruled by a cult of personality. Competence has nothing to do with it

Chris⚖️Justice10

💯 And proper checks & balances have been thwarted by those seeking to abuse the system for personal gain. A functioning system would correct itself.

KMark196910

Despicable Dork is now my new favourite name for him lol

Christian Petersen9

It's wild how quickly a billionaire doing two nazi salutes can be forgotten...

shit-the-nyt-says.bsky.social7

And he's a mass murder. Can't forget that.

Melinda here 4 the defeat of evil 🛑 this shit 💙🤬7

Appalling and the height of stupidity

Stefan Berreth6

Also, didn’t NASA contracts funded by taxpayers help tide them over when private investors were unwilling to take the risk, just before they nearly ran out of money in 2008? It‘s rather a proof that industrial policy and spending can be worth it.

justdeirdre.bsky.social6

Every company Musk owns runs on Blue Sky meaning he paid more for it then it's worth or is overvalued look at Tesla they are overpriced and they're not worth the price you're paying for them. There are cheaper electric cars that are better.

Lord Jeffrey of Nottingham #FBPE 🇬🇧 🇪🇺 🇬🇱6

It's the capitalist circus. Rich people paying other rich people to get richer. Making money from nothing. And at the same time, the poor get poorer. What I still don't understand is why poor people accept this.

Gus Moyer (梅子超)6

Rinse and Repeat! 🤮 Overhyped promises are accompanied by unexpected consequences.

Steve B4

Capitalism without morality is simple theft by the oligarchs.

I wouldn’t touch that with a 10 foot pole. It’s classic pump and dump so retail investors will be slaughtered.

Bob-Parker544

Don't worry. He's planning to go to Mars in 2030. Neither he nor anyone who goes with him is likely to survive the trip. If you wanted to design a planet that was hostile to human life, you couldn't do better than Mars. Once that rocket blasts off, we'll probably never hear from him again.

Wall street greed invests in theft. That's why we get to bail out the loss when it all collapses. Just waiting for AI to go under.

bama93003.bsky.social4

The IPO shouldn’t happen until Musk takes a ride on one of his rockets.

La deracha oprime, la izquierda libera4

It is Elmo's Ponzi scheme...

Lady with an opinion4

Legalized gambling, and now these capitalist bastards aren’t even pretending to invest in companies anymore with prediction markets

Catherine McLeod3

What is the real business model l for the large rocket? There is no business model in this universe that justifies this valuation, other than cis incel white men dying to be Elon adjacent

SAM3

The changes to the index is forcing everyone that has a 401k to invest in this IPO! It’s a scam!!! A sham!!! Call your broker and demand to not participate in this IPO!

Carl H3

If this isn't enough information for people to see what the guy is about then nothing will be.

FL surf bum3

with as much taxpayer money given to spacex, Americans deserve a little dividend. but no, the richest man in the world will want to keep it all

Aurora2

SpaceX’s business model is actually quite self-contained: it uses rockets to load up on retail investors’ money, and then—with a big “boom”—it literally vanishes into thin air in space.😂🤣

Nobody Important 🌻🕊️🌊2

I will NEVER invest a dime again in anything Musk is associated with. Along with what you said, after the BOD at Tesla supported that 💯 financially irresponsible pay package for Musk + his corporate welfare queen grifting, I have 💯 confidence he will continue to🖕over everyone including investors

Rollamichael2

Not to mention the whole thing was funded by the us government.

Frances Larina2

May I suggest replacing "dork" which can be an affectionate term with "nazi" which really never should be?

Terry2

I told my advisor it is on the “do not buy” list, next to TSLA.

Annmarie2

what's the over/under that an offspring of Orange appears at the opening bell with Musk?

Elbows Up, eh 🇨🇦2

Please don’t forget that the despicable dork is also a straight-up nazi whose family first generated their wealth on the backs of poorly-paid black workers in apartheid South Africa.

ₚₐᵥₑₗ ₜᵣₒₗₗₒᵥᵢcₕ🇪🇺2

Investment is never about NOW, it's always about the future. SpaceX has a future. What doesn't have one is Tesla. That one is the true weird kid on the block. Usually stocks fall when the CEO sneezes during investor calls. TSLA losing market share left and right? Nuthin'...

🐸Tanya’s desert chaos garden2

Reading deeper, most of it is based on elon being a dictator, and a bunch of sci-fi wishes, but no evidence they will ever come true....it's kind of terrifying that the US is propping up the entire house of cards.

rasalvatore.bsky.social2

Musk floats the data centers in orbit pipe dream and terrified investors, who realize that there trillions in AI are going to collapse, are desperate to believe him. Grok is something like 93% of the valuation, which is truly bonkers.

Erinn2

That is causing unrest in the UK

Good likeness of the barrel chested ewok

𝚁𝚊𝚢𝟶𝚏𝚂𝚞𝚗𝚜𝚑𝚒𝚗𝚎🇺🇦✊27

Maybe the biggest IPO grift ever?

superduper004.bsky.social12

Just sold all my Fidelity mutal fund that already owns some spacex.

Djoran Keil10

One of the things I don't see in reference to Grok's CSAM is that it had to have trained on real CSAM to generate it. That means it's currently IN the data set of the model. Why isn't Musk being charged with possessing CSAM?

Nick Goede8

Happy to live my life such that THIS never happens to me.

Deeny they/them5

I has the boobs and weird neck and everything

Tim?4

It's not pale enough. Not capturing the darth vader under the mask translucence of his skin.

John Sandy3

Will stay in the air longer than any of his rockets.

Ben Kenobi's Beard3

The sheer moobs of this guy...

lil bee 🍉3

this guy is such a piece of shit that choosing to pick on his weight/body of all things is uncreative, lazy, and shitty to other fat people. he's a piece of shit bc of his personality and actions, not because his body looks the way it does.

RubinRubin 🌈15

All that money And still an complete asshole

Feathered Stone14

I know all I need to know about Elon

StephenB10

Just a reminder: If one dollar buys you one second… $1 million buys 11 days $1 billion buys 32 years $1 trillion buys 32,000 years Nobody needs a billion, let alone a… oh, for fucks sake. Musk needs to be fired in a rocket to Mars.

Jan Dehn8

Why do I have the sneaking suspicion that the SpaceX IPO will be the greatest corruption episode of all time? Something fishy going on here....transfers to GOP....the sudden Iran thaw to push stocks higher.....

KnowTheTruth7

Musk is already being paid $8M per day by the US Treasury. Trump is aiding Musk to do the greatest heist ever.

Kevin Sweeney aka audiomagnate5

A Ponzi scheme of galactic proportions has made a South African Nazi Earth's first trillionaire.

Kat K 🐾🐾3

I’m sick of this disgusting spoiled man child getting govt funds and special IPOs. We need to find a way to shut down SpaceX and deport this freak.

Catgate3

The American people are paying for all of this-why, when this cretin is already a multibillionaire? And ordinary, everyday Americans still worship him? 🤬🤦🏻‍♀️

🎙️ 𝐌𝐢𝐤𝐞 𝐃𝐚𝐢𝐥𝐲 🎙️3

He would’ve been a trillionaire regardless. The country must pass a constitutional amendment making it impossible for individuals (no loop holes!) to be worth more than let’s say 750 million or so.

Tay Parker 86 🌮3

Googling “ how fast is my retirement account going to disappear?”

BrianB3

All I need to know is that he's a complete f'kin nazi POS.

Terry Dale3

No one person on earth should have access to that much money. We are seeing the problems when a free market are taken advantage of and the rich can control the taxes and rules that allow them to build such huge wealth while everyone else suffers. TAX THE RICH (their fair % based on wealth)

thegongster.bsky.social3

I hate this fucking fuckhead. The only thing this IPO does is spur the Dump family and the 🍊💩in the White House to aspire to also be trillionaires by stealing from the rest of us.

James3

Former NASDAQ chairman Bernie Madoff’s Ponzi scheme is widely considered the largest financial swindle in history, defrauding thousands of investors out of an estimated $64.8 billion over four decades. With the help of the deregulation, Elon is gonna beat that record & this time Everyone's Invited!

ANGEL - BadAss Resister2

He convinced Congress to Occupy Mars and doesn't want to travel there????!!?!?!!

Cameron L. Mitchell2

Elon Musk has more $$ than he'll ever need .. but no respect and that's something he can't buy #EatTheRich

Gary R Simonds2

Might?? Clearly, it is a forgone conclusion

Emily Gorcenski20

I think the problem is it won’t

Nitish Pahwa10

I may indeed write on this, but also, look out for a podcast ep tomorrow where I'll touch upon this with some good folks similarly horrified by all of this

Faeelin4

I mean it clearly won’t

thecrystaljules.bsky.social3

It needs to be front page news of every outlet tbh, but @theverge.com has this:

Frances Larina2

Why should it affect the IPO? Nothing else he's done has affected it. Business and morality are two completely separate spheres with little to no overlap. Morality and the legalized, manipulated gambling that is stock trading even more so.

Mahendra Singh2

Nothing upsets money except the mistreatment of money. Not hyumans.

Leo8

100% taxes for ALL billionaires......(for everything after a billion). This shit needs to stop!!

NotThatMikey6

Between the 401k investors who do not respond to any news on the market and the "to the moon" stonk crowd, these conmen have a perfect formula to claim a company running at a loss is worth 3 trillion dollars and people actually buy into it. Nothing short of total system collapse will stabalize it.

Aaron Aardvark5

Meanwhile, in a quiet part of North London...

Saving Starfish 🇨🇦5

Why does SpaceX take government handouts?

paulalj.bsky.social4

I guess we all know now what Nazi Elon got paid for that whole doge fiasco. The real reason he didn’t care about Tesla. Peter Thiel and Elon musk are the two most dangerous immigrants in the USA.

designoMatt3

It is an example of the abject failure of our government.

Roxanna Kline 🇺🇸 💜 🇺🇸6

Everything Musk owns deserves to be lost. This man is not honest at all. He's a cheater, a tax evader, and a racist. It's infuriating that someone like him continues to thrive while honest people struggle.

Tina - Release the #EpsteinFiles|Resistbot Text RESIST to 504095

Watch this video. It shows what a complete disaster this and other IPOs really are and how adding them to index funds is a terrible idea. Many people who work in the industry hate it. youtu.be/zbKDmkJPVvI

DrDinD.bsky.social5

Trump and Elon Grift game knows grift game

Luca Migo ❌👑4

Let’s drop Musk in a forest and see if he can survive with his skills alone.

Gamma Donna2

A master of late stage necrocapitalism… a dark predatory personality who’s created nothing.

artisanrox (Radical Left Fascist)36

omg, NO leashes for insiders. we are so turbo-fucked.

danamasse.bsky.social11

Don't recall another IPO so grossly overpriced.

Zorro Rozic11

Elon & Andreessen created DOGE to A)steal everyone’s info .. for Ai & PALANTIR & also to ID theft certain targets . B) to dissolve all of Elons criminal trials & fines. C) to cancel others contracts & to then take those contracts for self & buds like Thiel Thiel & Elon live on socialism

I need a dog to get me through this shit8

More proof that you have to read the fine print, to see what these demons are up to

sageboomer.bsky.social5

Elon Musk owns roughly 42% to 46% of SpaceX, amounting to approximately 4.8 billion to 6 billion shares of common stock. Because SpaceX has a dual-class share structure, his equity stake gives him over 82% of the total voting power in the company. Musk sells today to get best price before it drops!

Kurt Ronn5

The whales win, again. I’ve lived long enough to see Bond villains become a real thing. #FElon #FTrump #FTheEpsteinClass #EndTheTurdReich

PKs Powerfromspace1 🚀 Twitter ‘X’ refugee thank you 'Elon' 🙄3

All don't become a "bag holder casualty" ☝️ $SPCX

Dave Lalonde 🇨🇦3

Isn't this what Lloyds did when they saw their exposure to asbestos? Bilk the little people.

bunnyjenkins.bsky.social2

First came the part where your broker is no longer required to consider a clients best interest, and now this. It's almost like it was planned.

Laki2

Birds of a feather www.theguardian.com/uk-news/2026...

Hollyphant Pants6

Remember a lot of retail investors are Republicans and race riots are a plus to them.

brad (guaranteed normal)6

C.R.E.A.M. (cash routedto elon ass musk)

peterstevens.bsky.social5

Might be stupid but I've actively moved my investment out of Nasdaq trackers because I can't bare the idea of my money propping that guy up 🤮

RawrTigerlily2

Over 85% of the stock market is owned by 10% of the country... so, these are people who have already decided to set aside all legitimate moral questions and think anything goes as long as it results in their money and power over the rest of us increasing.

zem42.bsky.social2

even worse, it sounds like grok is a very large part of its valuation!

Pandalorian14

Everyone's 401k's and pensions. Then the rich will run off with the profits and watch as the markets tank in response. Then they will buy everything at a massive discount with all the money they made off of our retirements so they can own everything and we have nothing.

Stormy12

From my understanding it basically doesn’t exist and is more of a “we hope this is profitable in the future” kind of thing. Which, y’know, is stupid.

Nevertheless, She Persisted8

We’re just watching these guys run an explicit scam on all of us using our retirement and savings to prop it all up. And there’s nothing we can do about it except watch them build physical data centers the size of towns to suck up all of our water and energy resources.

Joshua Sharp7

Has anyone written about the possibility that we're seeing these IPOs rushed out now before Dems (potentially) win the mid-terms big and the grown-ups start taking a real look at some of the crooked shit going on? Is that what's going on here, as far as "why is everyone going public NOW?"

Qtain P. Faulkes7

Index funds auto balance every year which is forced buying. SpaceX attempted to bypass the rules and have its stock immediately included. Those index funds are in large parts held by pension, insurance and retirement companies. It would force the stock into your portfolio. The money is from you.

Jon Potter4

That's why they were so desperate to get their stocks into the indices, so that index funds had to buy them.

Ashley Lynch ✂️🎞️4

UAE is my best guess?

Blackhole sun won't you come & wash away the Nazis3

I know Clyde wanted it to come from index funds, but thankfully was denied fast entry to that...

Or9an:c P3rs0n (rose/any other name)3

american psycho ... uhm, i mean crypto

Catherine Berry2

@hankgreen.bsky.social offered a theory that I find rather compelling: Google rushed in with a stock dump to soak up a lot of the limited available investment pool, thereby starving out the riskier IPOs. youtu.be/AcjnLc4TH4M?...

Kainoa8

This is fucking awesome — Elon Musk is a sick twisted fascist piece of shit —

Still a nasty woman4

These people are fucking heroes. I cannot for the life of me understand how wall street is so fucking excited about this ridiculously overvalued IPO. It’s bat shit crazy making! But this helps. A lot.

Jerry Shaver4

Fools and their money will be parted.

Cuneiform2

Great, let’s subtract a Jenga brick from a fundamentally flawed and unstable system that required the Jenga brick as a mitigation last time that things went tits up.

Bellamy J. Heap2

And we're all gonna pay for it. Robbin' Trump: steal from the poor and middle-class and give to the rich ... and himself.