Space X IPO

[JuiceyJones]

I've seen loads of posts on X saying how unfair it is that Elon Musk is worth so much money but it's amazing how often people confuse valuations with actual money.

The human race is definitely dumbing down before our very eyes. Social media is now a disease spreading doltishness wherever it touches.

By design. Right? So much easier to click on something and watch a 30 second vid that's inline with other things you click on than maybe spending 30 minutes reading a reg statement (which in this case would show how bananas this whole thing is/was). First generation that's dumber than its parents.

Anyway, apologies - i'm moving way off topic here.

Here is Gwynee Shotwell COO of SpaceX in 2018 saying that you will be able to take a rocket to Asia from NYC by 2028 for around $2000. Starts at around 15:00 mark:

https://www.youtube.com/watch?v=Dar8P3r7GYA

Utter horseshit - but i can't tell if she believes it or not.


Regardless of how you feel about Musk or the way the IPO was forced on most people what exactly are you investing in if you have bought SpaceX?

[Euler]

I think it's a really interesting moment. You've got a company that's raised $75 billion but is valued at $2 trillion so the amount they've raised is just 3.6% of their valuation, which is pretty incredible. It's the software equivalent of vaporware.

I've seen lots of politicians claiming that they should have a wealth tax, but can you think about it? 1% on $2 trillion is $10 billion or double that if you go to 2%. Space X lost $5 billion last year. There's just a massive disconnect between the reality of how everything works and what people say.

Valuations are going to go all over the place and they may or may not be justified but you've got to let that play out. Let's say you did levy a wealth tax and it affected a company like SpaceX. Then of course you'd kill the company at birth. Nothing would happen. Nobody would invest.

All that aside. This is a massive punt in gambling terms.

[ShaunWhite]

Elon became a "Trillionaire" before I did, so fair play to him on that one....

Just one trillion? That don't impress me much

Internet_20260613_144813.jpg

[jamesedwards]

Elon became a "Trillionaire" before I did, so fair play to him on that one....

Just one trillion? That don't impress me much
Internet_20260613_144813.jpg

Wealth tax for Shaun!

[Euler]

I actually have some of those bank notes and also some of the German hyperinflation notes. I went through a spell in my life of collecting Bank notes.

[wearthefoxhat]

Elon became a "Trillionaire" before I did, so fair play to him on that one....

Just one trillion? That don't impress me much
Internet_20260613_144813.jpg

Is that Shaun or Shania?...

[PeterLe]

Shaun/Peter
I've been thinking about investing some additional money for my Grandaughter (10) for when she reaches 21
This will be in addition to some 'safer' invetsments i already have for her
Risk Tolerance: Medium top high for good growth
Where would you consider putting it?
Id be interested in your thoughts please
Regards
Peter

If she's very young, you may as well invest in a tracker of some sort. Either that or split it 50% tracker and 50% speculative. When they're very young you can take a lot of risk.

I've benefited massively from investing in the US so make sure you have a geographic spread.

Having spent a lot of time in the U.S., it was easy for me to make that decision.

My rule of thumb with my children is to put them into more speculative investments and they can de-risk it as they get older. But I've also got some classic long-termers in there.

Thanks Peter

[tico]

Sad the world has gone so far down the path of division and elites taking the p#ss ,because basically that is what it is.Once upon a time a company would have been declared bankrupt long before it knocked up 5 billion in debts .Buying into a firms potential is gambling pure and simple.But in reality it is not a gamble for those who are doing the investing(the major players) because if the gamble fails,they just prints some more digital money and pay themselves fat bonuses for doing so,just look at the bank bailouts !!!!
Regards
Tico