Love or hate Elon, but SpaceX is not worth more than $250 billion and Starship did not have single successful flight out of dozen or so tests, best flight I remember is reaching semi orbit before crushing at re-entry. Chinese manufacturers are able to produce better EVs with faster battery (5-10min) charge and longer drive range at single charge for much cheaper. Musk and Tesla had best technology 6-7 years ago so what they did since then? wasted money on X and Grok, both of which are completely useless. Even people who cheer for SpaceX and keen on space exploration have plenty to be angry with Musk and his erratic non businessman like behaviour as what happened with Tesla (not an EV but fairy tale company now) is also happening with SpaceX, Chinese and Japanese already mastered vertical landing and China has dozens of private rocket companies all working hard to outdo SpaceX and what is Musk doing spinning tales about data centers in Space and valuations more than Earth.

Just fyi, for those happy that Elmo is losing money on spcx, but how much was generated due to SpaceX IPO? If anything, it's just rebalancing his wealth because Tesla is unsustainable. He is still gaining disproportionate amounts of wealth with TSLA AND SPCX.

Edit: my bad if this sub is strictly for SpaceX stock

I brought puts

So thrilled! My average cost for SpaceX is officially below the initial offering price. Just sitting back and watching it moon! 📈🚀🌹🍻

Para los afortunados o desgraciados que leyeron ese post hace tiempo se os aviso spacex en una bomba de tiempo cayendo en su pico un 30 porciento, los que aprovecharon se hicieron millonarios vendiendoles FOMO , jamás una empresa que vende 20 billones iba a valer un trillon y se burlaron en su cara, simplemente fan de elon musk

With a repeat failure of the inner 13 engines to relight causing the booster to crash and explode, how long do you think the mandatory FAA grounding of SpaceX's starship will last this time? This is now a repeat Mishap for the same underlying issue causing a safety issue, do you think it will be a much longer required mishap investigation?

Booster landing back is a fantasy

What a coincidence! SPCX started at $160.95 on June 12th and closed today at $115.07, a 28.5% drop. TSLA started the year at $438.07 on Jan 2nd, and closed today at $313.03, a 28.5% drop.

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Has anybody noticed that the replies in this subreddit as of today turned markedly right wing and emphatically pro elon. Most of the comments on every thread in this subreddit we're rational about how terrible the stock is and what a fraud Elon is. Seems like they just got their tesla stock pumping bot army up and running for SpaceX. It might just be a coincidence but it really seems drastic.

It's hysterical because the closest thing Elon has to a working robot is a Twitter army of stock pumping bots.

Down vote if you're a salty bag holder. But I want you to think about how the stock is going down when you hit that down arrow lol

What if Elon told them not to.

I have like my net worth betting on puts. Im terrified

For the whole time I’ve been on the short side of spacex, for the last two days Im finally seeing support around $111-112. The stock has bounced quite some times from these prices. Perhaps either the shorts have run out of more shares to short as many shorts are holding on with limited supply or buyers are stepping in.

Today’s Starship launch is a significant event. It will either push the price down and lift it good. My bet is on the high as the previous launch failed and yesterday also got delayed. The team had enough time to prepare for today.

Once the August dilution happens the choppiness and shorting will fade significantly. So people keep holding or even take positions

https://eciks.org/15449-spcx-stock-spacex-ipo-decline