The average SpaceX buyer post-IPO is almost under water after two-day slide
The reversal underscores how quickly sentiment has shifted following the company’s blockbuster debut. After briefly pushing SpaceX’s market value close to $3 trillion, investors have begun reassessing whether the stock’s rapid advance can be justified by fundamentals.
I am SHOCKED! Shocked I tell you.
I look forward to the inexorable slide to the depth of Davey Jones Locker as Investors look at the P/E ratio of Elon's sales job and their 401K retirement lifeboats start taking on water. That's even not pricing in a market crash, in which case SpaceX will sink faster than the Titanic after plowing into the iceberg.
The savvy investors will of course be able to take solace in the fact that they generously stuffed the Muskrat's bank account with Billions of FRNs to fill the Trust Funds of his spawn, endless parties for the Supermodel moms and meager paychecks for the Phillipina Nannies who raise them.
Even in a best case scenario, it would take a decade for this White Elephant to turn a profit, and Elon already has plans to further line his pockets by issuing Bonds and loading the company up with debt based on the collateral of the spurious valuation of the stock. After that, he can rehypothecate the debt by mortgaging whatever satellites he actually gets into orbit, and then scam the taxpayers for a bailout before he has to face a bankruptcy filing. Because of course SpaceX is ALREADY TBTF.
Only in Amerika. Land of Opportunity for the morally and ethically bankrupt.
RE