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

Habebe
rank Fri May 29 19:47:33
Rugian, It entirely depends on your view of value.

Alot of people think that Tesla is overvalued, and yet that valuation has stayed fairly high for a while.

Ironically, that view is almost always paired with strong emotions/views on Musk.

Acknowledging value creation in some things and not in others doesn't show the whole picture.

BYD sells more cars, but it's worth a fraction of Tesla, it also doesn't turn a profit selling cars, something that should be taken into account.

And yet, if invested $1k at each IPO, which would be a better trade?

Musk is one of the best Marketers in the business. Marketing creates value, a brand has value.

It's why if given yhe choice at dinner for a coke or some generic cola you have never heard of your going to buy the coke, likley even if the other drink was offered free.

williamthebastard
rank Fri May 29 20:01:17
First trillionaire with aids, I hope

Habebe
rank Sat May 30 21:30:08
To put it into perspective.

Physical US fiat cash supply is about 2.5 trillion.

Theoretically he is not far from being able to literally have half of the total supply of of physical cash.

Rugian
rank Sat May 30 22:25:36
Habebe

Where do you see the room for growth in SpaceX?

The xAI division is going to be a massive albatross on the company - it lost $6.4 billion in 2025 and SpaceX massively overpaid for it in a non-arms-length transaction. Grok has pretty much already lost the arms race with larger AI companies, and Twitter is worth nowhere near what Musk originally paid for it.

The rocket division currently loses money and is heavily reliant on government contracts, a fact that should be of some concern given that Musk has so explicitly thrown his lot in with the GOP. He's one Democratic president away from getting fucked over there.

Starlink makes income (at least before capex) but there's only a finite pool of potential future users for it. Most people in civilized areas of the world don't need it. Maybe it can eventually pivot towards providing other services but there's nothing pending right now.

Basically, any growth in share price will come down to hype. And that's fine, if you want to speculate that hype will take you to the moon. Let's just be honest about it - SpaceX is going to be a supremely expensive meme stock.

BTW, when TSLA went public in 2010, the company's market cap was $1.6 billion and the shares were priced at $17 each. Compare that to SpaceX's proposed market cap of $1.8 *trillion*. That is a massive valuation disparity.

williamthebastard
rank Sat May 30 22:51:22
No sane country would allow private citizens to own vital parts of their national defense structure. And only idiots think a country that has constructed their system to allow private citizens to do so and thereby receive enormous public resources means that that citizen is a genius, when he would never have been able to get anything like that rich in any other country that doesnt give away sectors of its national defense to billionaires.

Habebe
rank Sat May 30 22:56:55
Rugian, Oh I very much so would put the hype/marketing as the heavy lifter.

The thing about hype/marketing value creation is it tends to be more volatile, and thus more ability to swing trade.

I was curious to go down a rabbit hole and did some digging, Palantir is by far the most hyped stock, valued not being anchored in sales, then Nvidia

jergul
rank Sun May 31 13:14:10
Habebe
Any stock with a value not based on dividend payments is hype.

"Give us your money and we will give you nothing back except the chance to hand off your stocks to someone else that we will also give nothing to"

What a great business model! Ponzi would be proud.

Rugian
rank Sun May 31 14:08:29
Jergul

If you're looking purely for cash flow, buy bonds.

murder
rank Sun May 31 19:04:17

Habebe is obviously looking to invest on a the greater fool theory. That can pay off if you don't care how you make your money, but you always run the risk of being the greatest fool.

The SpaceX IPO just got a big boost with Blue Origin shutting themselves down for ~ a year.

Habebe
rank Sun May 31 22:15:43
Hype tends to have a bad connotation.

It's closer to marketing.

Again, Tesla is the benchmark. Its been worth more than most other car companies combined for how long now? When should we expect its immenent collapse?

Habebe
rank Sun May 31 22:18:26
When I pay $100 for a steak dinner, what made that dinner valued at that price?

The bulk price of the meat?

What value creation did the meat cutter add? The cook? The marketer who created the TV commercial? The custodian who kept the restaurant clean (again marketing value creation)

Surely I wouldn't pay $100 to eat in a filthy restaurant.

williamthebastard
rank Sun May 31 22:26:45
You're right, you fucking robotic cunt, brain washed by American roboticism.

Mathematicslly analyze someone who has a talent for always making the tastiest steaks. Reduce his talent to algorythms. Program every frying table to exactly imitate him.

Hoorah, who the fuck needs the human species!

williamthebastard
rank Sun May 31 22:29:10
You see, you planet-destroying american catastrophe, Einstein's relativism also applies to our daily lives.

jergul
rank Sun May 31 22:31:56
Ruggy
Dividends hover around the 3%-4% rate historically.

https://fred.stlouisfed.org/series/B056RC1A027NBEA
https://siblisresearch.com/data/us-stock-market-value/

(IBM has a classic dividend structure for an example).

Stocks base on hype have low to no dividend yields.

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
Habebe rank	Fri May 29 19:47:33 Rugian, It entirely depends on your view of value. Alot of people think that Tesla is overvalued, and yet that valuation has stayed fairly high for a while. Ironically, that view is almost always paired with strong emotions/views on Musk. Acknowledging value creation in some things and not in others doesn't show the whole picture. BYD sells more cars, but it's worth a fraction of Tesla, it also doesn't turn a profit selling cars, something that should be taken into account. And yet, if invested $1k at each IPO, which would be a better trade? Musk is one of the best Marketers in the business. Marketing creates value, a brand has value. It's why if given yhe choice at dinner for a coke or some generic cola you have never heard of your going to buy the coke, likley even if the other drink was offered free.
williamthebastard rank	Fri May 29 20:01:17 First trillionaire with aids, I hope
Habebe rank	Sat May 30 21:30:08 To put it into perspective. Physical US fiat cash supply is about 2.5 trillion. Theoretically he is not far from being able to literally have half of the total supply of of physical cash.
Rugian rank	Sat May 30 22:25:36 Habebe Where do you see the room for growth in SpaceX? The xAI division is going to be a massive albatross on the company - it lost $6.4 billion in 2025 and SpaceX massively overpaid for it in a non-arms-length transaction. Grok has pretty much already lost the arms race with larger AI companies, and Twitter is worth nowhere near what Musk originally paid for it. The rocket division currently loses money and is heavily reliant on government contracts, a fact that should be of some concern given that Musk has so explicitly thrown his lot in with the GOP. He's one Democratic president away from getting fucked over there. Starlink makes income (at least before capex) but there's only a finite pool of potential future users for it. Most people in civilized areas of the world don't need it. Maybe it can eventually pivot towards providing other services but there's nothing pending right now. Basically, any growth in share price will come down to hype. And that's fine, if you want to speculate that hype will take you to the moon. Let's just be honest about it - SpaceX is going to be a supremely expensive meme stock. BTW, when TSLA went public in 2010, the company's market cap was $1.6 billion and the shares were priced at $17 each. Compare that to SpaceX's proposed market cap of $1.8 trillion. That is a massive valuation disparity.
williamthebastard rank	Sat May 30 22:51:22 No sane country would allow private citizens to own vital parts of their national defense structure. And only idiots think a country that has constructed their system to allow private citizens to do so and thereby receive enormous public resources means that that citizen is a genius, when he would never have been able to get anything like that rich in any other country that doesnt give away sectors of its national defense to billionaires.
Habebe rank	Sat May 30 22:56:55 Rugian, Oh I very much so would put the hype/marketing as the heavy lifter. The thing about hype/marketing value creation is it tends to be more volatile, and thus more ability to swing trade. I was curious to go down a rabbit hole and did some digging, Palantir is by far the most hyped stock, valued not being anchored in sales, then Nvidia
jergul rank	Sun May 31 13:14:10 Habebe Any stock with a value not based on dividend payments is hype. "Give us your money and we will give you nothing back except the chance to hand off your stocks to someone else that we will also give nothing to" What a great business model! Ponzi would be proud.
Rugian rank	Sun May 31 14:08:29 Jergul If you're looking purely for cash flow, buy bonds.
murder rank	Sun May 31 19:04:17 Habebe is obviously looking to invest on a the greater fool theory. That can pay off if you don't care how you make your money, but you always run the risk of being the greatest fool. The SpaceX IPO just got a big boost with Blue Origin shutting themselves down for ~ a year.
Habebe rank	Sun May 31 22:15:43 Hype tends to have a bad connotation. It's closer to marketing. Again, Tesla is the benchmark. Its been worth more than most other car companies combined for how long now? When should we expect its immenent collapse?
Habebe rank	Sun May 31 22:18:26 When I pay $100 for a steak dinner, what made that dinner valued at that price? The bulk price of the meat? What value creation did the meat cutter add? The cook? The marketer who created the TV commercial? The custodian who kept the restaurant clean (again marketing value creation) Surely I wouldn't pay $100 to eat in a filthy restaurant.
williamthebastard rank	Sun May 31 22:26:45 You're right, you fucking robotic cunt, brain washed by American roboticism. Mathematicslly analyze someone who has a talent for always making the tastiest steaks. Reduce his talent to algorythms. Program every frying table to exactly imitate him. Hoorah, who the fuck needs the human species!
williamthebastard rank	Sun May 31 22:29:10 You see, you planet-destroying american catastrophe, Einstein's relativism also applies to our daily lives.
jergul rank	Sun May 31 22:31:56 Ruggy Dividends hover around the 3%-4% rate historically. https://fred.stlouisfed.org/series/B056RC1A027NBEA https://siblisresearch.com/data/us-stock-market-value/ (IBM has a classic dividend structure for an example). Stocks base on hype have low to no dividend yields.
	show deleted posts

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