SpaceX Stock Plummets to Record Low Near $120 After Seven-Day Slump
townflex.com/spacex-stock-plummets-to-record-low-near-120-after-seven-day-slump/Replying to @stermy4u@lemmy.world
First round of insider shareholders haven’t legally been allowed to even liquidate yet. This will be a bloodbath.
Replying to @stermy4u@lemmy.world
do we know when that’s gonna happen? i heard they used some loopholes to allow insider holders to sell early.
Replying to @nialv7@lemmy.world
It’s more a question what’ll happen to the other AI companies. Investors have now seen the first of the big ones tank. They’ll wonder if the same will happen with OpenAI, Antrophic and other AI adjacent like Microsoft, Nvidia. For a bunch of companies living of venture capital, that’s deadly.
Replying to @Flower@sh.itjust.works
I thought SpaceX made space rockets?
Replying to @Simulation6@sopuli.xyz
For the IPO I think only 7% of the value of the company was for their space related activities (what they are actually doing). 93% of the value was for the non existent AI activities.
SpaceX is now a public company valued for its AI potential, so what comes next?
Ars TechnicaSpaceX is now a public company valued for its AI potential, so what comes next?As of today, SpaceX is owned by investors who will want to see it make money.