Elon loves to spout crap to wow his fans, maybe he can hit the revenue of 1T, but he isn't telling you out loud that the losses are what everyone should be looking at.
Buy buy buy, says the fans. Rocket! Starlink! Tech! Market dominance!
But what about the loss makers, xai, twitter, whatever rubbish Mr. Moneybag will try to bring in, go further weigh your investments down. This is some massive and extremely wild delusion.
SpaceX Hits Seven-Day Losing Streak, Breaks $120 — Catch the Knife or Stay Away?
SpaceX (SPCX) fell another 3.34% to $120, a seventh straight daily decline to a new low, now firmly below its IPO price. Headwinds are converging: Trump-related remarks dragged markets lower, Musk-linked assets sold off in unison, and Musk's "AI makes human work obsolete, UBI becomes the norm" comments added noise. Earlier merger hype and long-term vision haven't offset fading new-issue sentiment and geopolitical disruption. A marquee IPO down seven straight below its offer price — golden mispricing, or a bubble not yet fully deflated?
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
Comments