Elon Musk’s space exploration company has filed preliminary paperwork to sell shares to the public, according to two sources familiar with the filing, a blockbuster offering that would likely rank as the biggest ever and could make its founder the world’s first trillionaire.
A SpaceX IPO promises to be one of the biggest Wall Street events of the year, with several investment banks lining up to help raise tens of billions to fund Musk’s ambitions to set up a base on the moon, put datacenters the size of several football fields in orbit and possibly one day send a man to Mars.
Tesla’s stock price is currently so far beyond anything that makes any sense from a logical or economic standpoint. The stock market operates primarily on vibes and FOMO, unfortunately.
It literally always has…
That’s the entire point of a stock market…
It’s like complaining that your car has four wheels and an engine.
The problem is the current oligarchs are so far deep on generational wealth, that they stopped learning about actual business generations.
Their parents went to school and half assed it, these group never showed up to class but got degrees due to their names.
So opinions used to be built on reality, but they were still operating on “vibes and FOMO”.
It’s a very very small group of idiots that control the majority of the stock market, so everyone walks on eggshells and tells them what to hear. Because if they pull their money out, they’re fine and everyone else is fucked.
A stock market isn’t a sustainable system. There has to be “server wipes” or eventually someone will “win” and literally own everything.
Every game of monopoly ends.
https://en.wikipedia.org/wiki/PayPal_Mafia