It was almost a given that SPCX was going to turn out like this.

Starting with it foundations, where I jovially called it 3 children in a trenchcoat calling themselves a businessman. Yes, I get it, Starlink is absolutely a game changer and the reusable rocket part of the business is revolutionary, but any serious investors would stay away like the plague, looking at the burdensome numbers that xai and twitter contributes.

The hype for SPCX was so significant that if you made an effort to look, there are analysis from all angles. Just looking at the revenue (mind you, NOT the final computed profit), would tell you that the near 2 trillion valuation floated was demented. Then you look at the losses brought by xai twitter, etc., and no sane person will want to hitch their wagon on this rocket that is powered by blind faith and meme hype.

Especially concerning was the fact that regulations were changed to help the world richest man jockey this company into the Nasdaq 100, and in the process hit American (and likely many of the world's) pension investment schemes.

So the man himself is already obscenely rich but wants you to be left holding his bag, a bag that is borderline crafted out of the hot air he spouts. He claims he can have SPCX hit 1T in REVENUE (!!), which is a tall task in itself, he might as well have gone all the way and lie that he can hit that number for profits instead (and the man lies and obfuscates A LOT, guess his skin is not thick enough to lie that he can churn our profits).

And now here we are, watching it flounder as expected, a company with shaky fundamentals, that successful seduced retail investors to buy in for the promise of long term gains. But why buy in for the long term, when we are still in the AI bubble? I would almost guarantee buying NVDA would have produced more value for any investors instead.

Get ready for more pain, because I do not think SPCX will be going anywhere fast. I also expect it to be hit on some level when the AI bubble bursts, then Mr. Moneybags will likely swoop in with TSLA to manipulate everything and have investors hold the stinking garbage bag again. (Sidenote: openai has dragged their feet, and now will profit from the same Nasdaq 100 manipulation tactic, best not be holding both the bags of SPCX and openai if you can help it...)