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SpaceX IPO makes Elon Musk the world's first trillionaire (www.reuters.com)

submitted 1 month ago by remington@beehaw.org to c/news@beehaw.org

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[–] phoenixz@lemmy.ca 8 points 1 month ago

So how long until the stock will crash into the ground?

Even the most optimistic estimations where SpaceX actually has had great results (it didn't) it's still worth maybe half of what it is today

SpaceX has been basically stealing government money by the billions, as it hasn't delivered, yet people actually want to have shares of that for double what it's worth?

[–] kittenroar@beehaw.org 8 points 1 month ago

late stage capitalism just refuses to fucking die

[–] Powderhorn@beehaw.org 6 points 1 month ago

Made possible by inflation! Ask your Fed chair if debasement is right for you.