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Musk loses trillionaire status as global tech rout hits SpaceX

https://www.bbc.co.uk/news/articles/c8j2m2p8dgmo

by zh3 • 28 days ago

11 4 28 days ago

BB

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4

mrhottakes• 28 days ago

Gosh I hope he's alright, it would be such a shame if something bad happened to him.

zh3• 28 days ago

I get he's not popular. None the less it would be nice to see more nuanced comments.

In my experience IPO's often follow a short-period of upside (where those who already have shares gain some liquidity, i.e. actual cash) followed by a dip and then - depending on fundamentals - over time rise above the offer price. Mileage may vary.

Sabinus• 28 days ago

My understanding is that the 'fundamentals' were the performance of the AI division.

And the AI division is not performing well. More infrastructure than demand, and renting out server capacity to their competitors.

gabrielsroka• 28 days ago

Tres comas

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