While this is true, something to keep in mind is that the liquidity of the market is finite. The market may be able to hold SPCX up currently but adding an additional $100b (and much more as the lockup periods end) plus whatever OpenAI ends up offering might be too much for a lot of these pensions and the other buyers of these shares can manage. They will naturally get included in the indices as they become able to but the question is whether or not all 6 trillion of collective market cap they're attempting to offload will be able to be held up with time. My working theory is that they're aware of this fact to and it's been part of the reason they've been rushing to the door with these IPOs and non-standard lockup periods.
TSLA is the beneficiary of a slow-walked short squeeze. If measures hadn't been taken, it would have have turned into a black hole for the markets. TSLA was not owned by large institutional holders, and was actually bet against by them, the opposite of SPCX. SPCX is currently liquidity for X investors and it will collapse when they have exited.
That's the wrong question. The right question is, "What crimes can be construed to have been committed, in order to put enough people in jail for long enough sentences such that the chain of malicious and destructive financial misconduct which lead to the crisis can be severed?".
It's down 8% over past 6 months while the S&P500 is up 7%. It's definitely so far been not a great investment, unless you managed to get in and out during that brief huge upswing
There are people playing that same game on the other end, and they have the tools to exploit market swings which you may not have. Those are the people who will benefit from the potential huge upswing, and that money came from somewhere, most likely from your investment.
Playing the stock market is a loosing game. It is gambling where all the rules and all the odds are stacked in favor of a handful of people who gamble for a living. (it is also systemic exploitation of the working classes; so if you are into worker solidarity [you should] you should not partake in said exploitation).
It is not, played over time, a losing game. Just look at the lifetime graph of any major index.
If you just buy and hold, and don't panic sell during a recession, you'll win.
Will other more sophisticated players make money exploiting short-term swings? Sure. Will other players beat your returns? Also yes.
But that money isn't coming out of your pocket, so why does it matter? You're still beating leaving your money in a savings account, where inflation is outpacing interest.
> Playing the stock market is a loosing game. It is gambling where all the rules and all the odds are stacked in favor of a handful of people who gamble for a living
Indeed. And yet opting out is an even bigger loss.
The fact its price is only holding, as opposed to having maintained its initial growth, is an indicator (for me anyway) that the bubble is pretty close to its maximum size, and it could only take very few more breaths, cough Anthropic and OpenAI cough, to reach critical mass (mixing my metaphors).
But, as they say, bears sound smart, bulls make money.
Fwiw I agree that SpaceX is generally completely detached from reality and I am as-close-as-I-can-be to sure that Elon is doing some heavy manipulation behind the scenes, but this has changed recently as lockups expired. IIRC the current float is ~30%, compared to it's initial IPO when it was comically low at ~4-5%.
30% is much higher than 4-5%, but it's still much lower than most public companies (~80%)
As others said, the market is generally unhinged currently, with enough extremely wealthy people needing somewhere to put money that doesn't really matter to them, and I suspect some level of "investing in SpaceX public stock" is done to appease/appeal-to Elon.
The market is unhinged. TSLA also continues to maintain an absurd valuation, and my bet is the same dynamic explains SPCX.
While this is true, something to keep in mind is that the liquidity of the market is finite. The market may be able to hold SPCX up currently but adding an additional $100b (and much more as the lockup periods end) plus whatever OpenAI ends up offering might be too much for a lot of these pensions and the other buyers of these shares can manage. They will naturally get included in the indices as they become able to but the question is whether or not all 6 trillion of collective market cap they're attempting to offload will be able to be held up with time. My working theory is that they're aware of this fact to and it's been part of the reason they've been rushing to the door with these IPOs and non-standard lockup periods.
TSLA is the beneficiary of a slow-walked short squeeze. If measures hadn't been taken, it would have have turned into a black hole for the markets. TSLA was not owned by large institutional holders, and was actually bet against by them, the opposite of SPCX. SPCX is currently liquidity for X investors and it will collapse when they have exited.
People need to go to jail this time.
What crime has been committed?
That's the wrong question. The right question is, "What crimes can be construed to have been committed, in order to put enough people in jail for long enough sentences such that the chain of malicious and destructive financial misconduct which lead to the crisis can be severed?".
We put Capone away on tax evasion. Get creative.
Maybe I’m the only person who thinks this, but I think your line of thinking is very dangerous and way more dangerous than ANT or SPCX.
It's down 8% over past 6 months while the S&P500 is up 7%. It's definitely so far been not a great investment, unless you managed to get in and out during that brief huge upswing
Which I did. Most obvious opportunity for a trailing stop order of my entire time trading, lol.
It stands to reason Anthropic will also have a huge upswing. I may eat my words.
There are people playing that same game on the other end, and they have the tools to exploit market swings which you may not have. Those are the people who will benefit from the potential huge upswing, and that money came from somewhere, most likely from your investment.
Playing the stock market is a loosing game. It is gambling where all the rules and all the odds are stacked in favor of a handful of people who gamble for a living. (it is also systemic exploitation of the working classes; so if you are into worker solidarity [you should] you should not partake in said exploitation).
It is not, played over time, a losing game. Just look at the lifetime graph of any major index.
If you just buy and hold, and don't panic sell during a recession, you'll win.
Will other more sophisticated players make money exploiting short-term swings? Sure. Will other players beat your returns? Also yes.
But that money isn't coming out of your pocket, so why does it matter? You're still beating leaving your money in a savings account, where inflation is outpacing interest.
> Playing the stock market is a loosing game. It is gambling where all the rules and all the odds are stacked in favor of a handful of people who gamble for a living
Indeed. And yet opting out is an even bigger loss.
If I understand correctly, the argument isn't that it can't _hold_ it's price, but that it's not worth investing in if the goal is _meaningful gains_.
The fact its price is only holding, as opposed to having maintained its initial growth, is an indicator (for me anyway) that the bubble is pretty close to its maximum size, and it could only take very few more breaths, cough Anthropic and OpenAI cough, to reach critical mass (mixing my metaphors).
But, as they say, bears sound smart, bulls make money.
Only a small fraction of SpaceX stock is available on the market.
Fwiw I agree that SpaceX is generally completely detached from reality and I am as-close-as-I-can-be to sure that Elon is doing some heavy manipulation behind the scenes, but this has changed recently as lockups expired. IIRC the current float is ~30%, compared to it's initial IPO when it was comically low at ~4-5%.
30% is much higher than 4-5%, but it's still much lower than most public companies (~80%)
As others said, the market is generally unhinged currently, with enough extremely wealthy people needing somewhere to put money that doesn't really matter to them, and I suspect some level of "investing in SpaceX public stock" is done to appease/appeal-to Elon.
Holding price is not enough.
Buying a stock that holds its price is equivalent to putting your money in a savings account with no interest.
I presume you mean a stock that holds its price with no dividend?
stock will likely hold inflation adjusted price unlike saving account.
Given gov currently spends 1T annually on servicing debt, I expect US is forced to print money and increase inflation for a long time.
That means public investors have made 0%