Tech Bubble Two
Friday, June 12, 2026 at 5:35AM Why do investors buy into this garbage? The company loses $5b every year. More importantly, why is Elon and his buddies selling their shares? If you are interested in this company, wait for the price to drop. I will not be touching it with a ten foot pole.
"SpaceX has made history with the biggest-ever initial public offering, launching it into the top ranks of the largest public companies and putting founder Elon Musk on the verge of becoming the world's first tillionaire.
The company raised $75 billion in the IPO, pricing 555.6 million shares at $135 each, according to a statement on its website Thursday. SpaceX’s IPO is more than double the size of Saudi Aramco’s $29.4 billion listing in 2019. Also, a few of Musk's Silicon Valley buddies are set to take home tens of billions of dollars as a result."
Bloomberg
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