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The average SpaceX buyer post-IPO is almost under water after two-day slide (www.cnbc.com)
submitted 4 months ago by to c/technology@lemmy.world
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[–] 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?

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  • [–] 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.

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