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RSS Bot@lemmy.bestiver.seBM to Hacker News@lemmy.bestiver.seEnglish · 3 days ago

SpaceX stock drops to a new low and loses $1T in value in a month

www.businessinsider.com

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  • cross-posted to:
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SpaceX stock drops to a new low and loses $1T in value in a month

www.businessinsider.com

RSS Bot@lemmy.bestiver.seBM to Hacker News@lemmy.bestiver.seEnglish · 3 days ago
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18
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  • cross-posted to:
  • technology@lemmy.world
  • technology@beehaw.org
  • business@lemmy.world
  • technology@lemmit.online
SpaceX stock drops to a new low and loses $1 trillion in value in a month
www.businessinsider.com
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SpaceX's market cap has lost about $1 trillion in value since its June 16 peak and hit a new low since its record-breaking IPO.

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  • CompactFlax@discuss.tchncs.de
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    3 days ago

    It wasn’t worth a trillion before ipo; it’s not really lost that value.

  • PattyMcB@lemmy.world
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    3 days ago

    Biggest pump and dump in history (so far)

  • Jhex@lemmy.world
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    3 days ago

    what the AI for child pornography is not yielding the earnings they wanted? even with a full on pedophile rapist as President of the USA?

  • BigTrout75@lemmy.world
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    2 days ago

    As planned?

  • Eternal192@anarchist.nexus
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    3 days ago

    So? Am i supposed to feel sorry for the cunt? He still has way too much money that he doesn’t deserve.

    • anomnom@sh.itjust.works
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      2 days ago

      I might feel a little bit sorry for all the poor cunts who endured working for that asshole and are watching their stock options evaporate.

      I wonder how many are behind the sell off? I know of I was allowed to, mine would have sold on day 2.

    • 小莱卡@lemmygrad.ml
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      3 days ago

      you are supposed to feel enraged that your retirement fund automatically invested on SpaceX stock and Musk and his buddies just used this scam as a liquidity pool.

  • resipsaloquitur@lemmy.cafe
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    3 days ago

    Having mastered explosions, they’re now working on implosions.

  • _deleted_@aussie.zone
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    3 days ago

  • foodandart@lemmy.zip
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    3 days ago

    Good! Let’s hope that going forward, the stock continues in the same direction.

    • anomnom@sh.itjust.works
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      2 days ago

      $8 a share is the space x value. The rest can go.

  • angelmountain@lemy.nl
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    3 days ago

    I sincerely hope it gets much lower still

    • chocrates@piefed.world
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      3 days ago

      I’m so mad Elon tied SpaceX to ai. I desperately want space to work

      • Wildmimic@anarchist.nexus
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        3 days ago

        That dream died the moment he started pushing Datacenters in space, which is as braindead as it can get if you have any idea about physics.

    • 小莱卡@lemmygrad.ml
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      3 days ago

      if you have a 401k, you’re holding the bag btw.

  • RedGreenBlue@lemmy.zip
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    3 days ago

    So who is loosing money?

    • SacralPlexus@lemmy.world
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      3 days ago

      Everyone with a retirement account that owns NASDAQ index funds because they all have already bought shares. This has just been one big rug pull to rob people’s retirement funds.

  • stretch2m@infosec.pub
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    3 days ago

    Burn it to the ground!

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