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by WarmWash 25 days ago
I hope to god "investors" don't fall for the "blockbuster" IPO of SPCX.

Remember in 2008 when Standard and Poors was giving AAA ratings to junk CDOs at the investment banks behest?

SPCX isn't going to collapse the global financial markets, but the exact same shady rules changes and suspect IPO structure reeks of banks trying to pull the wool over retail's eyes.
2 comments
Analemma_ 25 days ago
> I hope to god "investors" don't fall for the "blockbuster" IPO of SPCX.

Elon would never leave that to chance, he made sure it doesn't matter if investors "fall" for it or not by bullying the indexes into suspending their 1-year rules specifically to get SPCX (and everyone's 401k) bought in within 15 days. If you use indexes you're buying SPCX right out of the gate whether you like it or not.

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kleene_op 25 days ago
> bullying the indexes

Bullying with a fat check, yeah. Corruption in this country is off the charts right now.

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anonu 25 days ago
TSLA was a $60bn company when Musk made his equity milestone deal in 2018. He had a 10 year horizon to 10x TSLA to $650bn. He did it in 2.

SPCX is maybe $1.25tr now - and he has a similar equity milestone deal to just 5x to $7.5tr. Its a big number. For comparison, NVDA is already $5.2tr+

So my guess is people will assume any investment in SPCX will be a 5x return in a short period of time.

Also a company this large will get swept into many indexes, including the S&P500 - so most investors will own it by default.

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WarmWash 25 days ago
It would be more impressive if Tesla was actually growing...
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csdreamer7 24 days ago
That was before Elon went insane. His Trump alignment, and Nazi symbolism, has significantly hurt Tesla's sales. Tesla used to be the only American car that foreigners would buy. That is gone.

They rebounded in 2026 in the EU after a terrible 2025 only because of very high gas prices, and EU for the time being, blocks Chinese EV imports.

https://www.msn.com/en-us/money/companies/tesla-logs-strong-...

Australia does not block Chinese EVs and Tesla has lost the market.

https://thedriven.io/2025/05/12/how-tesla-surrendered-its-do...

From what I hear Chinese EVs are dominating the South American and African EV market.

SPCX is widely unprofitable with xAI and the only profitable part of it, Starlink, has a very limited ability to scale for anyone familiar with the density limitations of the cellular transmitters. Their own AI offering is not even used by their own engineers over Anthropic's offerings.

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