Utopia Talk - Politics - Elon 1st Trillionaire?

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Utopia Talk / Politics / Elon 1st Trillionaire?

Habebe
rank Fri May 29 00:52:15
When this IPO drops it seems plausible.

He already is worth more than the 2nd and 3rd richest people (paige and Brin) combined...apparently the estimate that he sold off more stock than he did bunped his networth nearly 50 billion.

Im seriosuly considering buying a few k of SpaceX when it drops.

Rugian
rank Fri May 29 03:00:46
My advice: don't. You're buying at the top before the market has a chance to do proper price discovery.

SpaceX is radically overvalued, it just absorbed Musk's AI company at a massively inflated price, and its revenues are entirely reliant on Starlink and those aren't anywhere close to justifying the proposed market cap. Despite this, Musk got the Nasdaq to waive the IPO open trading restriction period and free float minimums, precisely in order to get bagholders to buy at the high.

The end result is that passive retirement funds and small retail investors are going to be paying off Musk and his creditors at a price point that is completely divorced from reality.

I'd wait a year before buying SpaceX stock. God knows that anyone who has a 401k is likely going to be owning it indirectly anyway since it's immediately going on the indicies that retirement plans buy the ETFs of.

I usually think that murder's hatred of Elon is irrational, but this SpaceX IPO could well be the single biggest pump and dump in modern history.

jergul
rank Fri May 29 07:42:59
SpaceX is already 60% institutionally owned (Musk controls 75% of voting stock). So a payday for more people than Musk. For pump and dump purposes, under the current model, Musk could sell off another 20% of his stock and still maintain absolute control.

Ruggy is correct. Wait until something happens to Starlink. Something will. Not kinetic, but that revenue stream is doing a lot of heavy lifting.

murder
rank Fri May 29 15:20:10

I'm not going to give advice but ...

https://www.axios.com/2026/05/24/musk-spacex-ipo-tam

Average Ameriacn
rank Fri May 29 15:35:42
As long as he is loyal to President Trump everything is possible. Mars, Venus, Pluton, no planet is too far away for him and the Spcae Force of President Trump.

TheChildren
rank Fri May 29 16:59:58
da sky da limit even 4 pyramid scams...

snake oils

show deleted posts

Habebe rank	Fri May 29 00:52:15 When this IPO drops it seems plausible. He already is worth more than the 2nd and 3rd richest people (paige and Brin) combined...apparently the estimate that he sold off more stock than he did bunped his networth nearly 50 billion. Im seriosuly considering buying a few k of SpaceX when it drops.
Rugian rank	Fri May 29 03:00:46 My advice: don't. You're buying at the top before the market has a chance to do proper price discovery. SpaceX is radically overvalued, it just absorbed Musk's AI company at a massively inflated price, and its revenues are entirely reliant on Starlink and those aren't anywhere close to justifying the proposed market cap. Despite this, Musk got the Nasdaq to waive the IPO open trading restriction period and free float minimums, precisely in order to get bagholders to buy at the high. The end result is that passive retirement funds and small retail investors are going to be paying off Musk and his creditors at a price point that is completely divorced from reality. I'd wait a year before buying SpaceX stock. God knows that anyone who has a 401k is likely going to be owning it indirectly anyway since it's immediately going on the indicies that retirement plans buy the ETFs of. I usually think that murder's hatred of Elon is irrational, but this SpaceX IPO could well be the single biggest pump and dump in modern history.
jergul rank	Fri May 29 07:42:59 SpaceX is already 60% institutionally owned (Musk controls 75% of voting stock). So a payday for more people than Musk. For pump and dump purposes, under the current model, Musk could sell off another 20% of his stock and still maintain absolute control. Ruggy is correct. Wait until something happens to Starlink. Something will. Not kinetic, but that revenue stream is doing a lot of heavy lifting.
murder rank	Fri May 29 15:20:10 I'm not going to give advice but ... https://www.axios.com/2026/05/24/musk-spacex-ipo-tam
Average Ameriacn rank	Fri May 29 15:35:42 As long as he is loyal to President Trump everything is possible. Mars, Venus, Pluton, no planet is too far away for him and the Spcae Force of President Trump.
TheChildren rank	Fri May 29 16:59:58 da sky da limit even 4 pyramid scams... snake oils
	show deleted posts

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