So, who's in on SpaceX's IPO? NOT ME!!

[Coventina]

I'm not giving one red cent (a soon to be obsolete expression!) to that asshole!!!

[sakabatou]

1. Not me. I've been out of the market since... '07.

[Fiendish Thingy]

3. Wow- you've missed so much growth

Despite the volatility over the past 15 years, the Dow has gone from 13,000 in 2007 to over 50,000 now.

A balanced, diversified portfolio would have weathered all the storms during that time period.

[sakabatou]

7. Had to, if I wanted to be on disability

Most of my portfolio was handed to me by my late grandparents.

[Fiendish Thingy]

2. If you have a 401k or similar account, you might be without knowing it

They are selling half a billion shares in the IPO, so chances are most index funds will have at least a sliver of SpaceX in them.

[rampartd]

5. the idea is to dump as much as they can on the fund managers

and run to argentina.

[highplainsdem]

15. Not the ones tracking the S&P:

Surprise! S&P will not change its rules to get SpaceX in early
https://www.democraticunderground.com/10143674621

[rampartd]

4. no. as much as i support space projects

elon needs to be shrunk.

[pat_k]

6. If it were just starlink w/o musk, maybe, but xAI and space biz are gigantic losers.

Even at that, I'm sure they would be going for obscenely over-inflated valuations

Operating losses -- particularly of xAI -- swamp starlink operating income.

Just another way to pump up the AI bubble to bursting by burying xAI under the SpaceX "brand."

[rampartd]

8. the ipo is valued at about 1/2 of the asking price.

i made a little money by shorting djt on its way down. if i can do something similar here, maybe.

[pat_k]

9. Hmmm... that's a thought.

It is also my understanding that the primary reason he's seeking to raise capital is to pay creditors and investors. Even if it hits the target, a lion's share is earmarked, leaving very little to invest in growth.

So, instead of putting money into a company on the assumption that money will be used to build up the company, he's raising money to payoff what has already been spent to get to the losing place they are.

Or perhaps my understanding is overly simplistic. All I know is that to me it sure looks like an "the emperor has no clothes" situation.

[rampartd]

11. he's raising money to payoff what has already been spent

and his shareholders will still be paying him billions.

[CanonRay]

10. Motley Fool has been pushing this daily

No thanks.

[Torchlight]

12. The craven and the self-absorbed.

Can't think of anyone else this already doesn't cover.

[Orangenero]

13. I was allocated 3 shares at $135

But for everyday people that work at SpaceX, MANY people are now millionaires

[Blue Full Moon]

14. Doing the same as when Tesla came out.

Tanked almost immediately

[AllaN01Bear]

16. not i, nor i .

[Orangenero]

17. I bought 20 shares of FB/Meta for $800

a few days after the IPO and it's now worth 10k+