▲ 382 ▼ The average SpaceX buyer post-IPO is almost under water after two-day slide (www.cnbc.com) submitted 4 months ago by sanitation@lemmy.today to c/technology@lemmy.world 78 comments fedilink hide all child comments
[–] NotMyOldRedditName@lemmy.world 18 points 4 months ago (2 children) stayed private, and never merged with xAI/Twitter permalink fedilink source parent hideshow 2 child comments replies: [–] drmoose@lemmy.world 6 points 4 months ago (1 child) What a facade this "corporation" shit is. So the "stake holders" had literally the #1 space company in the world and agreed to merge it with two failing products in their own respective niches? permalink fedilink source parent hideshow 1 child comment replies: [–] NotMyOldRedditName@lemmy.world 4 points 4 months ago* Pretty much yep. Elon has a controlling interest in SpaceX so I think that was just his outright decision, unless he had to abstain and let the investors decide? I'm not sure if he had a controlling stake in xAI. Edit: You also left off 'overvalued' when referring to xAI/Twitter. I think SpaceX honestly could have grown into it's individual valuation pre-merger. permalink fedilink source parent
[–] drmoose@lemmy.world 6 points 4 months ago (1 child) What a facade this "corporation" shit is. So the "stake holders" had literally the #1 space company in the world and agreed to merge it with two failing products in their own respective niches? permalink fedilink source parent hideshow 1 child comment replies: [–] NotMyOldRedditName@lemmy.world 4 points 4 months ago* Pretty much yep. Elon has a controlling interest in SpaceX so I think that was just his outright decision, unless he had to abstain and let the investors decide? I'm not sure if he had a controlling stake in xAI. Edit: You also left off 'overvalued' when referring to xAI/Twitter. I think SpaceX honestly could have grown into it's individual valuation pre-merger. permalink fedilink source parent
[–] NotMyOldRedditName@lemmy.world 4 points 4 months ago* Pretty much yep. Elon has a controlling interest in SpaceX so I think that was just his outright decision, unless he had to abstain and let the investors decide? I'm not sure if he had a controlling stake in xAI. Edit: You also left off 'overvalued' when referring to xAI/Twitter. I think SpaceX honestly could have grown into it's individual valuation pre-merger. permalink fedilink source parent