SpaceX set to IPO next week, could make Elon Musk a trillionaire

Ariana Niko18

The question isn’t whether SpaceX is a great company. The question is whether officials who can influence policy should be financially tied to the same company receiving billions in government contracts. Those are two very different debates.

Raucous Cowboy10

Government contracts which Musk illegally and directly gave himself when he was in doge….. See the problem here?

Christian Petersen10

It's wild how quickly a billionaire doing two nazi salutes can be forgotten...

Fulsome Prism10

PT Barnum meets late stage Capitalism

Bellavavenus8

All of it should be nationalized and assets seized in the name of national security.

LAWriter7

Yes we do see the problem. Investment Experts Condemn Elon Musk’s SpaceX Stock IPO Launch — Based on $4.9 billion Loss by SpaceX — as ‘Coup’ and ‘100% Fraud’ newsvideoclip.com/investment-e...

Enemy of the State7

Would SpaceX even be a thing without massive government funding? If it belongs to anyone, it's the people.

Aster Vérité6

Another problem... Musk couldn't handle a loss of control over his child, so he spent $44 Billion USD to buy control over public discourse, turning a domestic grievance into a global corp vendetta. Trust me, I've seen some shit, but I've never seen public psychopathic rage on such a scale before.

Ron Dorland ©️🇺🇸🇺🇦6

And what do taxpayers have to show for SpaceX failure? Has Musk achieved anything with his rockets because NASA just sent astronauts around the moon and back. I would rather have a well funded NASA and Musk in South Africa.

wahusk.bsky.social4

Yes. And the only space program with demonstrated results over time (other than putting up self-serving satellites and most certainly getting this country beyond earth-bound) remains NASA. Musk and Bezos must be removed from the government trough.

The Resistance 🚫👑🚫🧊4

He’s a government handout recipient, probably the biggest in history

StayStrongBlue 3

Yes, another treasonous way they're stealing taxpayer money. Would be great if the military honored their oath and arrested Krasnov & his treasonous minions in the WH, Congress, SCOTUS and the Cabinet.

nativeson13.bsky.social3

End the income tax on low and middle class. Corporate wants to raid tax funds let them raid their own taxed money

We all Belong!2

Oh yeah. We see the problem.

Cap'm Kickass2

I saw the problem four words into your post.

ELIZE2

You're hitting on a classic case of crony capitalism. Where government contracts and public funds fuel private wealth, and loyalty is bought with stock options.

Gill2

Just FYI here in UK, our Prime Minister has yet again had to call out Musk for “interfering “ in our political discourse. We are frankly sick & tired of US beta males inserting themselves into our lives.

pragmaticpopulist.bsky.social2

And they’re still blowing up on the launch pad

Public Record Sourcerer2

Mr Pump walks into the room, walks over to Mr Dump and they embrace. Somehow the stacks in their pockets multiply and begin to overflow onto the floor around them, as they climb the pile to remain in free air. The stack grows to a height of about 12 feet and topples them both into the Koi pond.

munqaxus.bsky.social2

The people fast tracking SpaceX into the Nasdaq and SP500 should be sued for gross negligence. And we need to sue anyone index funds that include SpaceX for gross negligence.

StopFelon472

Any amount over $100 billion should be taxed at 99%

DadBeastLarge2

No one should EVER be worth more than $10-$20 million. This graphic helps us understand and grasp the vast differences:

Robyn2

This is how the stock market works for *them* they all just move their money around and “invest” in themselves or each other. See how that works?

Yesfan1 🏴󠁧󠁢󠁥󠁮󠁧󠁿🏴󠁧󠁢󠁷󠁬󠁳󠁿🐸2

We need DOGE to cut out this waste and corruption - Oh wait!!!

Dieter Guldin2

Thats the way how conservative politics work.

sunbirdie.bsky.social2

Does anyone know if Musk and the rest of the executive officers and directors are subject to a six-month lockup (which is standard in an IPO)?

keesiemom4.bsky.social2

Us normal Americans see the problem. But the GOP doesn’t.

sbharvey.bsky.social2

There is another interesting aspect of this IPO is that SpaceX (Illicit Musk) want to reserve 30% of the shares for retail investors. Musk has a big following in the retail investor community. Kind of like 🟠💩 MAGA supporters.

SarahAndCo2

SpaceX is a Ponzi scheme and will fuck 401Ks when the market crashes. European funds have banned investments in the IPO.

DemocracySoon!9

At least this just happened...

Rogue Blue6

I hate this so so much

🖕🧊 Livvie’s Jam 🖕🧊2

If some fund manager were to start a fund, the premise of which is to only invest in legit, profitable companies, and to scorn the speculative grifter shit, there would be no shortage of investors lining up to buy in. Just sayin’.

Tim Huguenin2

I’ve read the article and I have no idea still how reading bsky is helping Musk? He owns twitter, not bsky. How am I possibly helping him? Or did you just copy/paste the same article onto multiple platform?

Trust Your Eyes and Ears2

I hope the Robinhood meme stonk retailers wreck it for him.

OldManGrim2

no, you do have a say: it's called closing your 401k

notidefix.bsky.social2

do not even think about buying shares.... ....before you watch this www.youtube.com/watch?v=IHD8...

Steven5

I expect it will do fine, unfortunately. The markets aren't acting rationally and wont until a crash. Even with his successes, Musk is a chronic under-deliverer on his promises but that doesn't seem to matter. Most of Musk's IPO is about xAI with no real plan on how to make money, few seem to care.

Heathe2

What if they won 😭

Owen2

Do we have any idea if this will actually happen? Most of my retirement is in relatively conservative stuff (index ETFs, target date accounts) and I'm dreading it being added

m41771848.bsky.social3

I never understand the Republicans and Musk obsession about hurting people and having all their information. Something is wrong with the Republicans and Musk.

whirlwindhelp.bsky.social2

I think she turned down the $40mil to avoid having her brake lines cut by Elon et al and so she didn't get hit with criminal conspiracy charges when they all go down for their crimes. So not exactly a saint but I am glad she did it. bsky.app/profile/whir...

Kris Davies MA8

Why? Because he gets away with it again and again and again. Until he faces real consequences for what he does he'll keep doing it but that will never happen will it? The law only applies to us little people.

Pooh 🇬🇧 🇺🇦 🇪🇺 🇨🇦 🇩🇰2

Restore It is odd that 'British Nationalists' are so dependent on, and entangled with, an American nutjob, like Elon Musk.

LondonDiscuss2

Also, he seems to have grown a stupid beard.

Cholmondley Warner 🇪🇺🔶2

The more important question is: why do the government accept it? They need to pull their finger out and do something about the influence of Musk and those like him, on this country. Firm action, now.

Simon James2

Too many journalists are still checking out their critical faculties when it comes to his "visionary genius", still calling him "Elon" like he's their mate, and badically treating him like a celebrity rather than a huckster with several shonky businesses.

Trickcyclist 🦋🏴󠁧󠁢󠁳󠁣󠁴󠁿🇪🇺2

Power is dominated by psychopaths.

mattitations3

looks like the doomsday preppers who sunk all their cash into gold… may have been onto something?

Harlan Belle4

Not me. I refuse to support that Apartheid bigoted shitster in anything. He stole the 2024 election for a Felon and then cut off all aid for Africa cause he is a racist, transphobic A hole.

Chris⚖️Justice3

Hopefully he'll move to Mars 😏

thenicabides.bsky.social2

I think the fact that the obscenely wealthy don't face accountability and don't pay their fair share in taxes made Musk a trillionaire.

Skuzy6

Everyone could just do better and not fund him or his shit companies….but finance bros love funding evil men.

Sam Flowers4

I set the price at $1. But I am sane.

David Bell3

I struggle to come up with a less worthy person. 🤬

Joe Public 🍁3

He has enough of a cult that it will likely happen. But it remains a grossly inflated evaluation that makes no business sense.

Hyperjungle Studios2

And even then he can never be a real boy.

Zach Wolfe2

We are allowing a real life super villain to take power right before our eyes.