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2026-06-13 04:17:14 CEST
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ˈdälfən™🐬 💥 🌊 on Nostr: Large institutional investors were given priority in the #SpaceX IPO, and individuals ...

Large institutional investors were given priority in the #SpaceX IPO, and individuals were given the short end of the proverbial stick.

Also, the company is over-valuated, and, per #Musk's vision for the company's direction, the revenue needed to sustain such a high valuation (if it is calculated via financials and not simply via hype) will depend on Musk's fledgling xAI (that had taken a 200% loss prior), and on technology yet to be created and proven.

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#business #finance #MyThoughts