Thankfully, we don't let regular folks invest in risky things at low valuations privately, but we let them invest in risky things at sky high valuations publicly.

(http://www.autoadmit.com/thread.php?thread_id=5886993&forum_id=2)#50029111)

Buy @ $60 guys

(http://www.autoadmit.com/thread.php?thread_id=5886993&forum_id=2)#50029287)

And no, most IPOs do not drop 30-40% from their opening price witih a month.

(http://www.autoadmit.com/thread.php?thread_id=5886993&forum_id=2)#50029305)

It was funny when Gary was like "Yeah you could have told me before you moved half our money into crypto" and you were just like "LOL!"

(http://www.autoadmit.com/thread.php?thread_id=5886993&forum_id=2)#50029389)

My ex-wife, a PhD statiscian, insisted on monthly extra principal payments on our low rate mortgage.

(http://www.autoadmit.com/thread.php?thread_id=5886993&forum_id=2)#50029450)

BIG MISTAKE.

(http://www.autoadmit.com/thread.php?thread_id=5886993&forum_id=2)#50030433)

Of course investors are cashing in by selling on the public market. That's what an IPO is.

(http://www.autoadmit.com/thread.php?thread_id=5886993&forum_id=2)#50029357)

Fuck you kikes. You all deserve death.

(http://www.autoadmit.com/thread.php?thread_id=5886993&forum_id=2)#50029457)

BTW I don't think SpaceX is worth much and think it's very bad we're allowing companies with no profit to IPO as bluecchips that will have to be acquired by market aggregation funds that people rely on for conservative retirement investing. Buy you MDS dorks have to embellish and misrepresent everything. It's just like TDS. When there's plenty of honest criticisms, why resort to lies?

(http://www.autoadmit.com/thread.php?thread_id=5886993&forum_id=2)#50029492)

lol no fag. Retail investors who bought are not holding at an average of $135 after day 1.

The price available to the retail/the market, is NOT the allocation price available to a few, but the first trading price where people can actually buy it at.

Gas yourself kike.

(http://www.autoadmit.com/thread.php?thread_id=5886993&forum_id=2)#50029516)

What do you suggest we do to stop people from buying stocks that are overvalued by the market?

(http://www.autoadmit.com/thread.php?thread_id=5886993&forum_id=2)#50029581)

Guy who pissed the whole point that they went to market due to RETARDED PUBLIC MEME shit causing the over valuation and that is why Musk decided not to continue fundraising with professional investors.

ty for missing the entire point.

(http://www.autoadmit.com/thread.php?thread_id=5886993&forum_id=2)#50029601)

The market price of anything reflects it's value at that moment in time. There is no way to prevent people from buying overvalued things because there's no way to prove that somethings "real" value is significantly different from it's market value.

There's no way to prevent people from doing this aside from keeping them out of the market entirely. Which I think we should do in this case, i.e. SEC rules should not have been changed to permit this IPO especially when passive investors will be forced to acquire it. But you can say that without misrepresenting the situation by saying SpaceX is down 50%, which was driven by post-IPO speculation from the market.

(http://www.autoadmit.com/thread.php?thread_id=5886993&forum_id=2)#50029623)

btw, are u really that dumb? u could easily force a larger required free float. If spacex had to list 50% of its shares in the IPO, instead of like 5%, I guarantee you this issue would not have happened.

(http://www.autoadmit.com/thread.php?thread_id=5886993&forum_id=2)#50029693)

The float has nothing to do with it. The % of the stock the market has access to does not impact it's day to day value for rational actors. The fact that WSB retards meme shit and don't understand what they're buying can't be helped.

(http://www.autoadmit.com/thread.php?thread_id=5886993&forum_id=2)#50030040)

Retail bought on day one: approximately 2.8 million net shares, based on $453 million of net retail buying and an estimated average price around $160.

So retail acquired roughly 40× more shares through the IPO allocation than through net purchases on the first trading day. The day-one figure is estimated because the reported data gives dollars, not an exact share count.

(http://www.autoadmit.com/thread.php?thread_id=5886993&forum_id=2)#50029524)

I'm long S&P500, amazon, Boeing, JPM, and some others.

(http://www.autoadmit.com/thread.php?thread_id=5886993&forum_id=2)#50029461)

If Gay-X issued 5% more, its "value" would crater.

(http://www.autoadmit.com/thread.php?thread_id=5886993&forum_id=2)#50030706)

You're misunderstanding me. I'm not disputing that a low float can result in a higher valuation due to the scarcity. I'm asking why that's concerning to you.

(http://www.autoadmit.com/thread.php?thread_id=5886993&forum_id=2)#50030791)

Elon retains majority control so manipulating his personal comp via financial wizardry isn't much of a concern, if any such performance incentives even exist.

I spoke to how such a turd of a company publicly debuting as a blue chip stock is really bad above. But putting more of the company on the market would make this worse, not better.

(http://www.autoadmit.com/thread.php?thread_id=5886993&forum_id=2)#50030849)

i think he's really nefarious and a lying piece of shit; he had promised over and over and over again that he wouldn't bring spacex public until there were regular flights to mars, given public company massive pressure for quarterly earnings/short termism

(http://www.autoadmit.com/thread.php?thread_id=5886993&forum_id=2)#50030859)

Since he's disappeared I'll just lay out what I'm gearing toward: I think he's just pissed this will make Musk and SpaceX's market-derived valuation higher than it should be, which makes him upset because it'll be reported that Musk is worth $X when he's really not. But it has no impact other than that. An arbitrarily increased valuation doesn't confer any financial advantage and won't fuck over investors. And it doesn't fuck over retail investors either, who have no ides what float is. (Note that EPAH immediately moved from float to total shares in his response. SpaceX could've issued 10x shares at 5% float and the share price would be 1/10th, but investing $X dollars buys the same % of the company)

(http://www.autoadmit.com/thread.php?thread_id=5886993&forum_id=2)#50030914)

"I agree that going public was about raising funds without much concern about Grandma's 401k" without much concern about grandma's 401k, or a *deliberate financial predation on grandma's 401k* was really what i was asking about

why does he need to raise funds now on the public market? for what purpose?

(http://www.autoadmit.com/thread.php?thread_id=5886993&forum_id=2)#50030920)

My appraisal of Elon is that he sincerely believes in this shit and that he's working to make humanity better. He doesn't even think money will matter in 10 years and has been consistently annoyed that financial markets exist and how much energy is spent on capital allocation. So, I think his thought process was essentially "SpaceX will make humanity better, getting more money will accelerate that, Grandma has free will in whether to buy, and she'll be better off anyway."

I disagree with much of that. But I don't think his motivation is to screw Grandma for personal gain. He could already live the best possible RSF hedonism for thousands of years if he wanted. But I'm sure many disagree.

Regardless, that's a long winded way of saying: He wanted to raise money.

(http://www.autoadmit.com/thread.php?thread_id=5886993&forum_id=2)#50030960)

(yes yes he's worlds richest man and i'm not, thanks)

personally i think he is 80% grifter, 20% new tech. he sells dreams to people, that's what he's good at. hes made endless promises and always pushes them off, what matters isnt delivery but keeping the promises alive. he's GOAT at that

(http://www.autoadmit.com/thread.php?thread_id=5886993&forum_id=2)#50030990)

He sincerely believes that in 10 years we'll be governed by AI in a post-scarcity society. Call that retarded (I do), but it's sincerely held and not about grifting. He also said he's holding control because he knows he'll be spending a shit ton on space bases that won't be profitable for a while, if ever. Again, not the type of thing a grifter would say to gin up investment.

(http://www.autoadmit.com/thread.php?thread_id=5886993&forum_id=2)#50031069)

the grifting isn't for money -- he's "world's richest man" (no, the rothschilds are) -- its to inflate his fragile ego that he's not the dork nerd stutterer who got picked on as a child, that he's now "the winner"

(http://www.autoadmit.com/thread.php?thread_id=5886993&forum_id=2)#50031115)

But speculating on this doesnt matter, we can never truly know. I think he wants to better humanity (despite personally feeling he's misguided here), you seem to think it's something more selfish. But we agree that it is a bad thing.

(http://www.autoadmit.com/thread.php?thread_id=5886993&forum_id=2)#50031177)

I'm not particularly concerned by it. But that methodology leads "financial journalists" to write retarded headlines like, "SPCX has lost more than the entire value of Tesla in just six weeks!" And then those headlines get repeated by proles, when they have no actual bearing on any economic "value."

By comparison ChatGayPT says that 70-75% of TSLA is in public hands.

(http://www.autoadmit.com/thread.php?thread_id=5886993&forum_id=2)#50030879)

Not an IBer, but I don't think that's how it works

(http://www.autoadmit.com/thread.php?thread_id=5886993&forum_id=2)#50031044)

But GayX currently has 5% of its shares in circulation. If it tried to raise capital by issuing another 3%, it would send the price into the shitter, and cut the "value" of the company in half.

Does that make sense?

(http://www.autoadmit.com/thread.php?thread_id=5886993&forum_id=2)#50031207)

Will be wild to watch what happens to the company’s valuation when that happens

(http://www.autoadmit.com/thread.php?thread_id=5886993&forum_id=2)#50032365)

they scrapped concorde bc the tritanium the engineers said was in the fuselage was just regular titanium

(http://www.autoadmit.com/thread.php?thread_id=5886993&forum_id=2)#50031339)