https://www.thefp.com/p/spacex-is-the-riskiest-biggest-tech

 

https://www.thefp.com/p/spacex-is-the-riskiest-biggest-tech

Paywall

 

Paywall

Sorry.

I got a click-thru, but not a paywall.

 

https://www.wsj.com/opinion/vindication-for-young-elon-musk-4039d1ec

Might be a paywall.

 

Also may be a paywall:

https://www.wsj.com/livecoverage/spacex-ipo-stock-market-06-12-2026

 

https://www.semafor.com/article/06/11/2026/ai-revives-the-conglomerate

 

This is the first IPO I've been able to participate in, and I was pretty excited to dutifully jump thru all the hoops to be ready to purchase my pre-market allocation. Unfortunately a lot of other investors must have also been excited because I was allocated only about 6% of the shares I had asked for. It's nice to get any at all, but it sure sucks the fun out of it.

Normal IPOs allocate shares only to the broker's best customers, the saps paying 1% of their portfolio yearly to have it be actively managed. That's not me.

 

1,000,000,000,000 by any other name: A trillion in words and graphics

​

 

1,000,000,000,000 by any other name: A trillion in words and graphics
View attachment 368303​

Chump change.

 

https://www.usatoday.com/story/mone...e-on-paper-as-spacex-goes-public/90525112007/

 

Chump change.
View attachment 368304

Toilet paper costs more

 

Toilet paper costs more

That IS toilet paper!

 

That IS toilet paper!

Of the finest brand there is, of course ...

 

That IS toilet paper!

Remember COVID.

 

Tulip-Bulbs.

 

https://www.theguardian.com/commentisfree/2026/jun/12/spacex-ipo-elon-musk-trillionaire

First, the hype.

Musk priced SpaceX stock at roughly 100 times the company’s total revenue in 2025. This is ballsy, to say the least, given SpaceX’s consistent negative profitability and its failure to meet prior goals.

Granted, it’s difficult to predict the value of activities that don’t yet exist, such as SpaceX’s stated mission to “extend the light of consciousness to the stars”. Interstellar space travel and interplanetary habitation are inherently speculative endeavors.

But SpaceX’s initial public offering is nothing more than a show of faith in Musk.

Much of SpaceX’s “value” comes out of a deal Musk negotiated between SpaceX and his artificial intelligence startup, xAI. Musk essentially made that deal with himself. A magic trick, out of thin air!

and

Finally, Musk will have total control over SpaceX. Shareholders won’t have any voice whatsoever. Each share held by Musk will have 10 times the voting power of a share offered to the public. SpaceX’s board of directors will engage in a pantomime. They’ll have no meaningful authority.

 

"Finally, Musk will have total control over SpaceX. Shareholders won’t have any voice whatsoever."

As a shareholder of SpaceX, I bought Elon Musk. If I wanted the shareholders in control, I'd buy a random mob.

 

True. When you bet on a horse, you don't expect the jockey to ask you for advice.

 

 

Exactly, the public today are more naive and willfully ignorant than ever.