SpaceX IPO priced at $135 per share, values company at $1.77 trillion

Leo14

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

Aaron Aardvark12

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

Saving Starfish 🇨🇦10

Why does SpaceX take government handouts?

NotThatMikey9

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.

designoMatt5

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

David5

Musk became a trillionaire on the backs of the American taxpayers. cbwrong.blogspot.com/2026/06/ther...

matheywood.bsky.social4

It’s a lot of money for a guy that incites race riots and ‘throws his heart to the crowd’ like he’s at Nuremberg.

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.

gcm5.bsky.social3

Now Musk has trillions to spend on buying politicians and countries.

David Montana 🇺🇸🇨🇦🌈🇺🇦🇲🇽🇻🇪🇵🇸3

We really need to do more than just cry about taxing the rich.

H_813

The biggest piece of human garbage walking the face of this dying planet gets rewarded by the stupid plebs for using, abusing and dismantling the very democratic system that made this psychopath possible in the first place.

It aint over till the fat lady sings. The smart people ought to be selling, soon.

Yarmon3

This is a play of epic proportions. A collection of questionable untested technology futures with musk holding 85% of the voting rights. The post ipo slide will be jangling lots of investor nerves.

L. J. Valente a.k.a. Thomas Katt2

I know while the news is how much he made but has anyone else read the financials of spacex...this is the golden example of a bubble waiting to pop...crypto has greater realistic value

TRay2

There were barely any rules before.

Miss Kitty 🌈🌈🌈2

Game on! We're going to decentralize their ass. LOL

Leftie Squared2

Some indices r even changing their rules 2 allow SpaceX 2b included n days-weeks n lieu of normal several yrs of proven performance. This means almost everyone with a 401K\IRA will be forced to participate in this madness. Rule changes to benefit the rich & keep the peasant class, well, peasants.

Steve Cobb a.k.a. Kunga Tsöndru2

Remember when all the brokerages turned themselves into 🏦🏦 in '08 so they could suck at the teat of government at zero percent interest & Jamie Dimon took $39 billion of your 💰 & should be in prison? The DoGE chode Leon is just the latest grifter in a long line of failed hacks with abhorrent values.

Feathered Stone15

I know all I need to know about Elon

RubinRubin 🌈15

All that money And still an complete asshole

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????!!?!?!!

Amber2

Musk was really smart to win the election for DJT in 2024. www.cnn.com/2024/10/07/p...

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

BigBoy5

Youll have liberals look you in the eyes and tell you there was no way for dems to have known that giving a south african racist unlimited government contracts was a bad idea

Rocky Mtn Rambler4

Especially when his heartless USAID cuts have resulted in the needless deaths of literally thousands of people — including countless children — in sub-Saharan Africa. Musk can take his presumed support for “Effective Altruism” and shove it up his little ketamine ass.

GEIST 🇪🇺4

Can we eat him now?

Doug Postlethwaite3

You don't get it - he works one million times harder than a millionaire, so he deserves a trillion dollars. Just as every hour a millionaire works is worth over forty-one days worked by a thousandaire, each Elon hour is worth over one hundred and fourteen years of millionaire work.

Don Comer2

Trillionaire Musk: - Too rich to tax. - Too rich to regulate. - Too rich to keep from dominating governments. - Too rich to say, "No," to. - Too rich for safety. - Too rich for humanity's good.

MJ Howson3

Musk’s companies are so highly valued despite horrible financials. All investors just gush over his vision and promises and keep giving him endless money believing “someday” will happen.

Veronica Phillips2

Musk is a bigger bullshit artist than Trump. The difference between them is that Trump believes his own lies and Musk doesn't. But he knows you want to. Used car salesmen have more integrity than either of these guys.

Melissa Mermaid 2

Personally, I literally laugh out loud when people like Muck or Sheldon (Big Bang) insist they want to go to Mars. A 7+ month voyage, BTW. Like either of them - in all their "persnicketyness" - has what it takes to endure such a trip. *Sigh*

Raun2

It just perplexes me how cretins like Trump, Starmer and Musk can repeat VERY costly and colossal failures...yet they never get removed or ignored. If the plan was proven not to work, why try it again?

It’s a massive fraud by the Nazi trillionaire. If our governments weren’t also owned by these oligarchs then they would put a stop to it.

jimmbuzz.bsky.social2

Musk had a stable of failing but overvalued businesses. As each ran into problems he had another buy them until they were all folded into SpaceX, like a russian doll. Now he has one hugely overvalued company. Who will he pass the parcel to when it goes sour? the Public? Government ? Banks?

trappercreek.bsky.social2

Gee & I thought this liquidity event was to allow Thiel, Andreessen, Sequoia & the other early investors a way to cash out on foolish retail investors’ dimes.

Howardoark - pronounced Howar-doark55

we assume that by 2035, SpaceX will be able to launch 340 Starship missions (nearly one a day), and that the reusability rate of the rockets on these missions reaches 85%, extending cost and time savings beyond the reuse of the boosters to the upper stage spacecraft. That’s quite an assumption

Potato Cat28

Even their worst case scenario still assumes starship somehow defies physics and succeeds, they don't actually have a scenario mapped here for the most likely reality where it NEVER works out and they have to cut bait and refocus on falcon, aka, the one that actually works, and being a lift provider

Warren Terra15

But surely that's wrong? Either the bubble stays inflated or it pops, but how does it gently sag?

Cedichou14

Even overvalued at this target price. Half of current price is still grok generating $13T of revenues or half of GDP

Rich Warner8

It’s still overpriced at $63 / share. Musk is an expert in selling horseshit for gold prices.

Matt Gorecki7

What’s the discount for having an owner and CEO who is legitimately bad at everything.

RI Smith6

Still seems incredibly high for a company with the worst performing AI model and few long term prospects superglued to a space company with negligible growth potential

Michael Corthell3

What happens when billionaires call cruelty “efficiency”? The Trillion-Dollar Paper Shredder takes aim at Elon Musk, DOGE, and the brutal arithmetic of cutting mercy while worshiping wealth, power, and technological spectacle. essayx.substack.com/p/the-trilli...

Onedimental2

Even that seems vastly and ludicrously overpriced.

gtjr.bsky.social3

Unfortunately Musk will walk away with his trillion plus, and then the fools jumping in on the IPO will be left holding the bag

gm0rk.bsky.social2

I feel like "mastery" is giving him too much credit. Your average three-card monty dealer would be professionally offended by the obviousness of his grift. But no one calls him on it bc the shills report making $100 million rather than $100.

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.

Beth Nixon9

Good, hope it goes fucking bankrupt.

Margaret Baker8

I wish I could tell the index funds in my retirement accounts not to buy Space X but that’s not an option. We’ll all sink together as the muskrat floats on top.

Mike D London8

I think Starlink is the only real generator of profits - and that has limited growth potential as it's very expensive for customers. Those that have a choice will go elsewhere for their internet access. Most of those who don't have a choice can't afford Starlink.

andrewsawyou.bsky.social6

Isn't it odd that the media isn't mentioning it's worth from 11 months ago when it was valued at $400 billion and that it still hasn't made a profit yet?

Dub⚕️6

Oh sweet baby jeebus I hope that is what happens. I would LOVE to see a bunch of tech bros lose their shirts investing in Captain Smoothbrain’s Space Grift.

AquaZ 🌈5

I watched a woman on a flight earlier this week emailing an advisor for shares while we were on final approach. She was so consumed, not paying attention as we started to deplane, and was grazed in the head by a backpack. I smirked under my mask while she acted offended but didn’t say anything. 😏

plasticscouser.bsky.social4

It’s going to crash, just like the rockets 🤪

Fight4USADemocracy 🫘 👊🇺🇸 🦅 ♀️ 🇺🇦💙3

Hopefully, all those in the Billionaire Boys Club invest HEAVILY!!

DIYLifer2

Going to include a whole bunch of folks 401k money. Index based ETFs are required to buy. Do you know what funds your money is invested in?

SAM6

The only way to become a trillionaire is to rob the people’s 401k’s!!!!

The Wraith X5

"SpaceX is not currently profitable overall; it reported a GAAP net loss of roughly $4.9 billion on $18.7 billion in revenue last year. While its foundational rocket division generates significant revenue, only its Starlink satellite internet division is currently profitable" - Google search AI

Vittorio4

Following formal consultation with the market, S&P Dow Jones Indices has decided not to allow a shortened waiting period or any other concessions for the inclusion of large companies (so-called “mega-caps”), such as SpaceX, in the prestigious S&P 500 index.

Vittorio3

While competing indices such as the Nasdaq-100 or FTSE Russell have adjusted their rules to allow for “fast entry” of giants just a few days after an IPO, the S&P 500 insists on its strict criteria

W. Dafuq2

End stage capitalism and trying to crash the dollar

The Real HG (Tax CPA)2

This is such bullshit , it's bank robbery in broad daylight

meanmeanie.bsky.social2

This is how stock markets collapse

Just another bibliophile2

That should be all you need to know to avoid this stock like the plague.

empath75.bsky.social2

I’d argue that investing in spacex in 2018 was a great investment, even if i think investing in it now is idiotic.

Pacheco-Torgal2

SpaceX was sold as humanity escaping Earth. Increasingly it looks like humanity rehearsing feudalism in orbit: one billionaire with rockets, courtiers with blue checks, and the rest of us invited to applaud the launch of our own irrelevance.