𝗦𝗽𝗮𝗰𝗲𝗫 𝘀𝘁𝗼𝗰𝗸 𝘃𝗮𝗹𝘂𝗲 𝘁𝘂𝗺𝗯𝗹𝗶𝗻𝗴.....
- Thread starter Nomad
- Start date
Speculators (the Epstein class) are allowed to buy in early when SPCX was at $135, then quickly sold at $200. The ruling class don't manufacture anything but instead make money from finance. Anyone with a 401k, or pension were forced in at $200. Then there are plenty of stupid people who bought in at $200 all by themselves.
The money didn't disappear; it was stolen from working folk. That's how crony capitalism works.
The financial system is cracking as the lies can no longer be denied.....there was a great rush to get this done.
View: https://x.com/DowdEdward/status/2069960364444516373
I am not sure anyone will be, and that is what makes this feel less like 2008 than like 1929.
The ordinary person should care, and not because anyone is asking him to feel sorry for Greenwich. He never got the upside — fifteen years of it went over his head — and he is going to get the bill anyway: the layoffs that come after the credit goes, the cost of propping up an insurance company he was told was the safe choice, the pension he does not manage and was never asked about, the one that has been quietly packed with these same funds. He paid in, and he gets the loss anyway. That is most of the last fifteen years right there.
But the shape of the loss is different this time. In 2008 it started at the bottom, with a family and a foreclosure sign, and the rescue traveled up from there to the banks that had it coming, and there was a face on the misery you could be made to feel something for. There is no such face this time. This time it starts at the top. It is the kid taken out of the private school over the summer because seventy-five thousand a year suddenly does not make sense. It is the margin call arriving for people who were certain margin calls happened to other, smaller men. 1929 wiped out the people at the top who had borrowed to get there and took the country down with them. 2008 wiped out the borrower and saved the lender. This one looks like 1929.
View: https://x.com/DowdEdward/status/2069617680609599609
The ordinary person should care, and not because anyone is asking him to feel sorry for Greenwich. He never got the upside — fifteen years of it went over his head — and he is going to get the bill anyway: the layoffs that come after the credit goes, the cost of propping up an insurance company he was told was the safe choice, the pension he does not manage and was never asked about, the one that has been quietly packed with these same funds. He paid in, and he gets the loss anyway. That is most of the last fifteen years right there.
But the shape of the loss is different this time. In 2008 it started at the bottom, with a family and a foreclosure sign, and the rescue traveled up from there to the banks that had it coming, and there was a face on the misery you could be made to feel something for. There is no such face this time. This time it starts at the top. It is the kid taken out of the private school over the summer because seventy-five thousand a year suddenly does not make sense. It is the margin call arriving for people who were certain margin calls happened to other, smaller men. 1929 wiped out the people at the top who had borrowed to get there and took the country down with them. 2008 wiped out the borrower and saved the lender. This one looks like 1929.
View: https://x.com/DowdEdward/status/2069617680609599609
Sirthinksalot
Verified User
Does that mean the left will stop complaining about him?
ziggy
Verified User
Will it be released before or after the "everything app"?
Insider investors are trying to unload some of their investments, which will drive down prices in at least the near term. That is just reality.
ziggy
Verified User
It's gradually rolling out now, search in the app to see if it's available to you.
Teflon Don
I'm back baby
Does that mean that Lizzy "Pocahontas" Warren will stop trying to confiscate his wealth?
You and she knows that he is only a billionaire/trillionaire on paper right? That his wealth is tied up in the valuation of his stock holdings?
That in order to confiscate that wealth, you would have to force him to liquidate his stock whether it was a good time or now? You do realize that could have ramifications for the broader market and US economy right?
Or are you that jealous of another's success that you can't see straight?
Nomad is jealous of anyone that has more than one tooth, can read and write, has more than a dollar, has indoor plumbing and who is not inbred. Just saying.
Nomad
Verified User
Nomad
Verified User
Grok, a Musk-hating leftist I call SO MAD is gloating: https://www.justplainpolitics.com/t...olitics.com/attachments/1000096295-jpg.87286/ https://justplainpolitics.com/attachments/1000096294-jpg.87287/
SpaceX isn't "tumbling" in any catastrophic sense—it's a classic post-IPO volatility play after one of the biggest debuts in history.
SpaceX went public in mid-June 2026 (ticker SPCX) with a massive IPO at ~$135/share, raising ~$75B and debuting with a valuation around $1.75–1.8 trillion. Shares popped hard initially (peaking over $225 at one point, pushing market cap above $2T and briefly making Elon Musk the world's first trillionaire on paper).
It has since pulled back—down ~25-32% from highs, trading around $150-165 range recently (still above IPO price in many reports). That's wiped out hundreds of billions in market cap (paper value), with thin float, insider selling pressure ahead of lockup expirations, high valuation multiples (~90x+ revenue), and broader tech/AI rotation contributing.
SpaceX remains one of the most valuable companies on Earth, with real moats in reusable rocketry and satellite internet. Short-term stock wiggles don't change the long-term trajectory of reusable space access or Starlink expansion. If you're long the mission (cheaper access to space, multi-planetary goals), dips are often buying opportunities for believers. Gloating over paper losses on day ~10 of trading is peak short-termism.
SpaceX isn't "tumbling" in any catastrophic sense—it's a classic post-IPO volatility play after one of the biggest debuts in history.
SpaceX went public in mid-June 2026 (ticker SPCX) with a massive IPO at ~$135/share, raising ~$75B and debuting with a valuation around $1.75–1.8 trillion. Shares popped hard initially (peaking over $225 at one point, pushing market cap above $2T and briefly making Elon Musk the world's first trillionaire on paper).
It has since pulled back—down ~25-32% from highs, trading around $150-165 range recently (still above IPO price in many reports). That's wiped out hundreds of billions in market cap (paper value), with thin float, insider selling pressure ahead of lockup expirations, high valuation multiples (~90x+ revenue), and broader tech/AI rotation contributing.
Key context:
- This is normal IPO behavior, especially for a hyped growth name. Look at many tech IPOs: big pop, digestion, volatility. SpaceX had enormous expectations baked in (Starlink scaling, Starship, AI via xAI ties, launch dominance). Revenue was ~$18-19B last year with losses—legitimate questions on multiples, but execution risk is real too.
- Musk's wealth is heavily tied to SpaceX (~38-41% stake) + Tesla. He crossed trillionaire status post-IPO but dipped below (still the world's richest by far, estimates $900B–$1T+ range depending on exact day).
- The forum posts and "SO MAD" gloating seem to celebrate a correction as if it's proof of failure or "crony capitalism stealing from workers." That's cope. Early insiders/speculators took profits; retail piled in higher. Markets price expectations, not morality. Valuations aren't fixed—high-growth companies swing hard.
SpaceX remains one of the most valuable companies on Earth, with real moats in reusable rocketry and satellite internet. Short-term stock wiggles don't change the long-term trajectory of reusable space access or Starlink expansion. If you're long the mission (cheaper access to space, multi-planetary goals), dips are often buying opportunities for believers. Gloating over paper losses on day ~10 of trading is peak short-termism.
Remember the day after the IPO when I told you that it would do this?
Yeah.....
Good times.
Of course. You were right.
The best is yet to come.
SO MAD will never be able to erase the fact that - on paper, which is all it ever was - the African American whose success makes him SO MAD will forever remain the world's first trillionaire.
Teflon Don
I'm back baby
Same thing happened with Amazon, Google and Facebook IPOs
There are people that get in way early, the stock gets pumped then dumped.
Retail investors should never buy a stock until a couple of weeks after the IPO after the initial dust settles.
The stock market is definitely a rigged game between after hours trading, to the big houses with their algorithms that can move markets.
It pretty much happens to every IPO.
tigerred59
Verified User
Tesla is headed for the biggest law suits over it self driving cars, and Musk is ready.....LOL
The Everything App is in development hell. It is nowhere, and not moving forward.