Because he has a massive public presence. Why do people like mcdonald and not burgermeister? Because they have never hear of the latest. The proper way to give this guy the middle finger is to stop giving him any exposure if not for serious stuff that show he's scum.

The S&P 500 rejected adding SpaceX though. So no worries from them but when AI crashes and burns so will your 401k.

No idea how US pensions work..... But can't you change the funds?

I sold the default fund and moved it into non US stuff.

Pretty close to Moore's Law, a doubling approximately every 18 months.

Sounds like a good investment if you were paying a price based off today's value. A terrible one in actuality.

1. Buy stock when it's valued at $1.75 trillion
2. Elon says on twitter he thinks it will be worth $3 trillion soon
3. Some idiots buy stock, price goes up
4. You sell
5. Profit

You can keep doing this as long as there's a bigger idiot down the line. If you're still holding the stock when it collapses you're the biggest idiot and you lose.

Tl;dr - Not a single person would be investing in SpaceX. Americans' retirement funds would be invested into it, without their knowledge or consent, regardless of how obvious the outcome is.

they are forcing us to invest by stealing from our 401k.
because nasdaw and russel rigged inclusion rules

check your 401k people, you might need to move into other ETF to avoid AI companies and bubble

Because Elon said so, and a lot of these people are playing with other people's money, so it's worth a shot.

Elon says:

• SpaceX is really about xAI, and look how well regarded Anthropic is, we'll be even better than Anthropic because, welll I'm Elon and I said so!
• All this AI stuff has to go to space because some company that makes a part for natural gas generators is backordered a few years, so we'll start having hundreds of Starship launches a month.

Yes, he claimed that hundreds of Starship launches a month is a more realistic thing to pull off than making some parts of natural gas turbines...

One more data center bro I swear

I can do this with two hands closed, bro 👍

For Starlink and SpaceX, I can probably understand the business model, considering the race to getting more satellites to orbit be it for surveying or in case of Starlink stable Internet anywhere. But anything beyond that, like data centers in space I just ridiculous. No way that their valuation is anywhere near what it is realistically.

It’s a FOMO play for morons.

The entire valuation is that they say that they can find $28T of businesses on mars and the moon, that that creating these business ideas is something they can do repeatably.

Stsrlink is about the only thing in the company pulling in solid revenue. There's a good analysis on https://newspaceeconomy.ca/2026/05/30/what-is-starlinks-financial-performance

But basically it's a subscription service which they can sell around most of the planet and compete with infrastructure heavy services (as in expensive to replace them). They also have a lot of enterprise customer usecases (like agriculture and construction) as well as cashcow government (army).

Their growth is actually massive compared to last year, and starlink itself is already profitable. Their economy gets better with the investment in the rocket tech. Starship will be able to lift 20x the amount of starlink than falcon 9, apparently also cheaper, while the next gen starlink sats will also be able to serve a lot more customers. That'll drive their operating cost down, while allowing selling more.

(Just to be clear, spacex as a company is still hot garbage because of the bundling of x and xai and also probably the control structure giving musk all the power while not even holding majority stake, the above is just about starlink and the rocket tech.)

And doesn't SpaceX now also own xAI and Xitter? He's trying to offload his terrible investments.

Starlink is the part of spaceX making money. Selling a low latency global communications capability is a sound business model. The rocketry part is close to break even. I suspect it could do with a few more launches that weren't starlink.

It's xAI that's tanking the whole thing. Without that SpaceX would be profitable. With it, it's a trash stock.

Reusable vehicles meant something like 1/20 the per-launch costs of the pre-existing competition? No matter what you want to pay to have put in space, the supplier who reuses equipment will have a huge advantage.

And starlink? Satellite internet access for remote properties used to have all the latency of a return trip to geostationary orbit. Starlink is a massive advantage compared to that.

The business model is armament. Future warfare uses land and air drones and they require network access, which Starlink provides and they're much more difficult to jam than ground-based network facilities.

Yeah. Are they really expecting me to believe we can‘t have wide spread fiber that has fairly little maintenance costs but we can totally afford weekly space rocket launches to maintain Starlink? And Starlink is supposed to be an affordable option while still being profitable? Yeah, sure buddy. Totally doesn‘t sound like a hyperloop-esque pipe dream. /s

You're not wrong, they were kinda burning money to create a business model. I'm a space fanboy though so I'm glad someone is doing it.

Pretty sad that musk is involved at all, but he started it. More sad that it now has the ai cancer stuck to it.

Still I want humans to go beyond earth and I guess I'm willing to let th devil do it

Business model: people apparently like supporting Nazis with no real vision.

As long as there is a sucker willing to pay more they will gain money. And unfortunately there are millions of suckers on the planet. Fundamentals don’t mean anything with this IPO. It’s basically all hype based like Pokemon cards.