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SpaceX stock drops to a new low and loses $1 trillion in value in a month
(www.businessinsider.com)
this post was submitted on 17 Jul 2026
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Technology
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Companies aren't required to go public in the first place so it’s a rather moot point. They actively choose to be in the situation where they are beholden to shareholders.
If you owned a company you could just, like, not go asking rich people for money to grow or whatever (what IPO is, basically) and grow naturally on your own merits. Then you don’t even have to worry about what kind of votes people might have.
Personally I think the stock market should just be banned outright. Go back to pensions or some sort of UBI or even have companies pay into universal pensions or something, whatever, but tying retirement to gambling needs to stop, and the entire gambling on the economy thing is clearly not working well overall what with it being pretty easy to manipulate, to the destruction of all, and all..