<- Back
Comments (301)
- lucdThe worst about the SpaceX IPO is Nasdaq changing their inclusion rules for the Nasdaq 100. The index fast-tracked SpaceX stock for inclusion 15 days after the IPO, instead of the normal three-month seasoning period. They also changed its 10% minimum float rule to a 3x weighting boost for low-float stockss. So many people will unwillingly and prematurely invest into SpaceX, before it has any chance to discover its real price. IE: The floating, 5% at launch, could attain 30% end august, if Nasdaq didn't change their rules it would have included SpaceX after this..https://finance.yahoo.com/markets/stocks/articles/nasdaq-che...
- somatA stupid/naive question. Why does this affect SpaceX? They have their money(The IPO) Any third party trading value does not change that. Sure there may be individuals, officers of SpaceX who hold these instruments who will be negatively affective, but the company itself?My best guess, it makes it harder to get loans in the future.
- reactordev
- Sol-Isn't it realistically only worth talking about SpaceX stock a few years out? The random walk the stock will do after an IPO seems very uninformative.
- cyberjerkXXKeep an eye on Rocket Lab. Peter Beck is legit.
- HavocWhich is all sorts of backwards. Debt has liquidation preference over equity. And equity market say spacex has trillion+ of supposed equity buffer before it cuts into debt value
- charcircuit10% drop 1 month after IPO is normal for a stock. It doesn't mean it's heading for junk bond status.
- binaryturtleArticle needs registration.
- khursThe financial press failed to run headlines damning the SpaceX IPO, or all the ongoing false promises Elon makes.And now they report that investors, many of whom are their customers, are suffering...
- anonundefined
- shevy-javaAnyone still buying anything the right-arm-raising guy is controlling is out of his or her mind.
- swader999I'm impressed with the general public. I thought these guys would get away with their hype train. Nice surprise.
- xutopiaI can't comprehend for the life of me that people put their life savings in what Elon Musk is doing. Are people not seeing how he's lying about the future all the time?He said he aimed to have 5000 Optimus robots out by end of 2025, 50000 by 2026 and 10 times that in 2027.He promised in 2015 that full autonomous driving would arrive in 2 years and we aren't there yet 11 years later. He even said in 2016 that there would be coast-to-coast autonomous driving in 2017.He promised manned missions to Mars by 2024-2025 in multiple interviews between 2011 and 2016.He promised in 2016 that there would be solar roofs expansions by 2017 that didn't pan out, he promised AGI by 2025 in 2024.Elon Musk has repeatedly lied about outcomes of his ventures, gotten crazy valuations based on those exaggerations and now people are starting to finally wake up that he isn't as good as his ego.
- chmorgan_Is this a real concern? SpaceX is doing amazing in terms of business.
- lenerdenatorGood thing there's a strong corporate governance model at SpaceX where the c-suite is fully accountable to an independent board of directors, who could use their majority voting power to remove that c-suite at will.Could you imagine the abuse of power that could happen if one person held over 50% of the voting power at such a company?
- anonundefined
- anonundefined
- anonundefined
- earth-tattooCan we have a separate anti-Trump, Elon, etc. section on hacker news? So I can separate this noise from the real news. I'm no pro Elon, but this stock went from 150 to 200, and there was no news on HN. Now it dipped from 150 to 136 and suddenly it's on HN front page. The headline should be: "Traders trading".
- asimQuite honestly IPOs and the stock market in general is a Ponzi scheme. This is something I would never have said before. I am not a skeptic. I invested in the markets for years and made money on Amazon, Google, twilio, and so many others. But I also lost a lot of money buying near or after the IPO. The game is rigged. Those who put money in post IPO in the 12 months after are left holding the bag for years. It takes 10+ years to recover that. The people who invested pre IPO, the VCs, the bankers, etc. they are getting a good deal. In the case of VCs they are taking early risk. Not at the late stage. But earlier. In many cases it's been a long hold. Again 10+ years. But anyone coming in at the IPO you are buying at a peak when someone decided that's the perfect time to hype it. We're all catching a falling knife. Doesn't matter if the business fundamentals are sound. They become disconnected from realities of the market when it all gets tulip crazy.These things have a way of working themselves out. But look at almost all IPOs and the next 12 months the stock is down 50+% so I'd rather wait. And honestly when I buy, it's to hold 10+ years, not make a quick buck and it's because I believe in the value. You can believe in SpaceX but also still believe the market and the dynamics of IPOs is almost criminal for retail investors.It's almost as bad as crypto token sales tbh.
- DuckConference> has now widened from the initial +175bps to a whopping +231bps doing more than two-thirds of the work.2.31% spread over treasuries is heading for junk bond status?
- CurbStomper[dead]
- tcp_handshakerIf only these people have been warned before.... </pretend_care>
- trolleskiMusk biggest mistake is that he wanted to start another bubble while the last bubble didn't pop yet. This is against the handbook of a Wall Street thief, bad, bad Elon.
- preetham_ranguCheap capital masked a lot of risk. The current rate environment is exposing it.
- swingandamissIt's wild to watch HN root for Tesla, spacex, starlink, etc to fail just because they don't like Musk. If HN gets their way, we'll regress back to the stone age with all their "anti" views on tech these days (even anti datacenters). I guess it's good that the influence of the HN crowd doesn't flow into China/Asia where they are aggressively mimicking Musks vision. At least Asia will have a future.