alt Hacker NewsYou only get "fleeced" if the stock crashes. If it's that terrible of a stock then the price will be low. As far as SpaceX goes, I think there are far riskier companies with little prospect of doing well.
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FireBeyond • yesterday at 8:10 PM
How about xAI? Losing $6B a year and with that whole "Grok, generate me an image of this child with no clothes on" horrorshow?
Sorry, "xAI, a wholly owned subsidiary of SpaceX".
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They are only selling a small % of the shares in the IPO and subsequent weeks.
With a tiny float the price will almost certainly go up as a limited number of enthusiastic investors buy in. The plan is to then line up the lockup expirations so they sell into the index re-balance, a ton of new non-discretionary demand to match the new supply.
It's manipulation.