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
After the merger with xAI, that’s about 22% of their business. The rest is AI. The brochure will tell you about reaching for the stars and living on Mars, but the main product is actually Grok.
Replying to @Flower@sh.itjust.works
Which just goes to show you how bullshit the profit margins are on space travel when they gotta turn the business into a chat bot to be “profitable”
Replying to @Peppycito@sh.itjust.works
I mean the only part of SpaceX making money is the space part, starlink
Replying to @CybranM@feddit.nu
A part of the space part !
I read that if space x worked perfectly today, they have to do some 470 launches to just equalize Ariane because of the enormous cost spacex have had.
Hopefully we (the EU) will make reusable rockets for less…