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stermy4u@lemmy.world to Technology@lemmy.worldEnglish · 21 hours ago

SpaceX Stock Plummets to Record Low Near $120 After Seven-Day Slump

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SpaceX Stock Plummets to Record Low Near $120 After Seven-Day Slump

townflex.com

stermy4u@lemmy.world to Technology@lemmy.worldEnglish · 21 hours ago
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SpaceX stock drops 47% from its post-IPO high after a series of launch aborts, sending a chill through the broader tech and AI market ahead of August earnings.
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  • Reygle@lemmy.world
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    9 hours ago

  • psycho_driver@lemmy.world
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    12 hours ago

    Now do TSLA.

    • kamee@lemmy.zip
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      11 hours ago

      Meme stocks are meme stocks

  • oortjunk@sh.itjust.works
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    9 hours ago

    For a good laugh have a stroll through the yahoo finance comments. It’s bounced back up to 126ish now. The hooting noises are just…so funny to hear.

  • jobbies@lemmy.zip
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    14 hours ago

    Its barely got history on the stock market so its hardly a ‘record low’. Just say the price has dipped and leave it at that.

    • FlashMobOfOne@lemmy.world
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      10 hours ago

      Yeah, but that doesn’t make for good clickbait.

      And most people who will click on this article don’t have a fundamental understanding of the stock market, investing, or why this isn’t really that big of a deal.

      (Still, however, don’t invest in SpaceX. The stock is structured so retail investors don’t have meaningful voting rights.)

    • TBi@lemmy.world
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      13 hours ago

      But how will we know if it’s SLAMMED or DESTROYED if they don’t say it?

    • friend_of_satan@lemmy.world
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      11 hours ago

      is it not a record low? what if it went up for the rest of its existence. would this point in time not be recorded as its historic low point?

  • 😈MedicPig🐷BabySaver😈@lemmy.world
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    9 hours ago

    Ha, eat shit Elon.

  • Rioting Pacifist@lemmy.world
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    18 hours ago

    It can go lower!

  • nialv7@lemmy.world
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    17 hours ago

    not low enough

  • Gsus4@mander.xyz
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    12 hours ago

    Not tech, but good news nevertheless :D

  • stermy4u@lemmy.worldOP
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    21 hours ago

    First round of insider shareholders haven’t legally been allowed to even liquidate yet. This will be a bloodbath.

    • nialv7@lemmy.world
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      17 hours ago

      do we know when that’s gonna happen? i heard they used some loopholes to allow insider holders to sell early.

      • 🌸𝓯𝓵𝓸𝔀𝓮𝓻🌸@sh.itjust.works
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        15 hours ago

        It’s more a question what’ll happen to the other AI companies. Investors have now seen the first of the big ones tank. They’ll wonder if the same will happen with OpenAI, Antrophic and other AI adjacent like Microsoft, Nvidia. For a bunch of companies living of venture capital, that’s deadly.

        • Simulation6@sopuli.xyz
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          14 hours ago

          I thought SpaceX made space rockets?

          • 🌸𝓯𝓵𝓸𝔀𝓮𝓻🌸@sh.itjust.works
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            14 hours ago

            After the merger with xAI, that’s about 22% of their business. The rest is AI. The brochure will tell you about reaching for the stars and living on Mars, but the main product is actually Grok.

            • Peppycito@sh.itjust.works
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              12 hours ago

              Which just goes to show you how bullshit the profit margins are on space travel when they gotta turn the business into a chat bot to be “profitable”

              • CybranM@feddit.nu
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                12 hours ago

                I mean the only part of SpaceX making money is the space part, starlink

                • Peppycito@sh.itjust.works
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                  11 hours ago

                  That’s the part making revenue, we’re unsure if it’s making a profit.

            • danc4498@lemmy.world
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              12 hours ago

              I was wondering why the stock price was so high. Makes a lot of sense now.

      • fullsquare@awful.systems
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        15 hours ago

        some people say it’s august 8 then august 20

        • Itdidnttrickledown@lemmy.world
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          12 hours ago

          Does anyone say it on a platform that I’m willing to access?

    • MyFriendGodzilla@lemmy.world
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      20 hours ago

      Gonna go grab my rubber ducky.

  • SuiXi3D@fedia.io
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    12 hours ago

    Oh no! Anyway.

  • [deleted]@piefed.world
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    20 hours ago

    Musk announced on social media that “Grok for Excel is live,” referencing the platform’s conversational AI tool.

    Hahahahaha wtf is this shit?

    • NekoKoneko@lemmy.world
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      20 hours ago

      No, you don’t get it, Musk has a plan.

      • Step 1: It fails utterly and completely.
      • Step 2: Musk goes on Twitter/X, and says, “Had to add more math to training data.”
      • Step 3: CSAM and MechaHitler for some reason.
      • Step 4: Musk demands to speak to Grok’s manager.

      After that, it’s basically a straight line to success.

      • chaosCruiser@futurology.today
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        19 hours ago

        Sounds like a great plan. I’ll get my popcorn. 🍿

    • CaptDust@sh.itjust.works
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      20 hours ago

      Tankin the economy with one easy trick!

      • Rioting Pacifist@lemmy.world
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        18 hours ago

        Never thought I’d need to specify a vlookup needs to be 18+ only

  • TropicalDingdong@lemmy.world
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    21 hours ago

    To shreds you say?

    • Lemmayng@lemmy.world
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      20 hours ago

      And how’s his fifteenth incubator?

      • TropicalDingdong@lemmy.world
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        19 hours ago

        To shreds you say?

  • Kokesh@lemmy.world
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    17 hours ago

    Buttlicker, our price have never been lower!

    • edgemaster72@lemmy.world
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      16 hours ago

      Son you’ll have to speak up I’m a bit hard of hearing

      • Peppycito@sh.itjust.works
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        13 hours ago

        HE SAID THINGS ARE MFING CHEAP RIGHT NOW. AROOOOOO

        • Kokesh@lemmy.world
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          12 hours ago

          Bears, beets, Musk’s fake hair

  • Earthman_Jim@lemmy.zip
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    12 hours ago

    Lmao

  • hemmes@lemmy.world
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    18 hours ago

    This is expected for a stock like this. What we’ll now be able to see in the next few months is where the real valuation stands.

    • FukOui@lemmy.zip
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      12 hours ago

      Not sure Iif I understood it correctly, but consumer indices may already have bought overpriced shares

    • tehn00bi@lemmy.world
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      13 hours ago

      35 bucks more or less.

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