Elon Musk’s ownership of SpaceX is approximately 42 percent of the company’s shares and 85 percent of the voting power. The voting power is completely exceptional, but the ownership reveals what a SpaceX investment is ultimately about: an investment in the company is an investment in Musk’s vision and leadership.
SpaceX’s fundamentals look stark and the valuation expensive. The company is putting everything into the future – the next-generation rocket and AI models. Tesla’s journey on the stock market has shown that the fundamentals of Musk’s companies and their stock prices have very little to do with each other. Instead, the stock price has been a barometer of faith in Musk’s visions. This will also be the case with SpaceX.
SpaceX is Musk’s story, and even he doesn’t know everything it will contain: a colony on Mars, data centers in space, and perhaps a merger with Tesla. It is certain that Musk’s visions will change along the way. By investing in SpaceX, you are investing in Musk. For better or worse.
Does anyone have more detailed information on how to get ownership for a child in an IPO (or after the IPO)? You can’t buy direct shares for a child in the US, and it looks like the listing will only be on the US Nasdaq. I would have been interested in picking up a single share of this outfit for a child’s “18th birthday” portfolio.
Grok’s new models are currently in training at the new Colossus 2, and the current Grok isn’t at the level of the top-tier models → less need for inference capacity → it’s leased to others until internal need arises. If that doesn’t happen, others seem to have plenty of demand. A win-win for SpaceX.
Are those rose-colored glasses a bit too bright? If they’re getting beaten so badly in the competition that they have to sell capacity to competitors as damage control, that doesn’t exactly sound like winning.
Everything is relative. A three-year-old start-up landing billion-dollar deals with Google means things couldn’t have gone completely wrong. Sure, xAI would likely prefer to offer the world’s best AI model and keep all capacity for its own use, but if that’s not the situation, then this isn’t a bad alternative either. Many would probably describe the recent momentum of neoclouds as winning. And I wouldn’t count Grok out of the AI race just yet; we are still very much in the early stages.
Significant volume in just over four hours. Perhaps the buying pressure from index funds isn’t as substantial in relative terms after all. According to Bloomberg Intelligence, index funds will have to buy between 22 and 27 billion worth over the few weeks following the IPO.
The first day’s surge has been wild. It already had an absolutely insane valuation, and then it pumps another +20%. I was very close to jumping in due to FOMO, but I decided to hold off for now. My gut feeling is that this ticker will be available significantly cheaper in a few months. Those who bought at the ATH yesterday are already down -10% after just one day.
I believe the price will dive once the lockups start expiring in phases and the old owners get the chance to cash out on their shares. Until then, those who took part in the IPO and FOMO buyers might keep the price afloat. Still, I predict plenty of action and risky situations for the coming weeks as well.
The battle for the title of the world’s richest man has come full circle. It took a modest 100 years.
Whereas the previous world’s richest man and car manufacturer invented the assembly line and was a bit of a Nazi by conviction, the current world’s richest man didn’t exactly invent the electric car but properly commercialized the first four-wheeler to utilize the free movement of electrons. He too is a bit of a Nazi.
Ford sold people the feeling of freedom at a human price. Musk sells people the opportunity to get rich. No matter what one thinks of the gentleman or SpaceX, one must admit that as a salesman, he is beyond compare. Good luck to everyone who has invested in the company; it may well be that in a few years, this will be the largest company in the world. Quite many seem to believe that it will at least get close.
I would point out, however, that SpaceX has regularly organized secondary sales even before the IPO, where, for example, staff have had the opportunity to sell their shares on the unlisted secondary market. The most recent one was in December at a price of $84/share split-adjusted. Of course, the valuation is now higher than ever, and the nature of the company has also changed with the xAI merger.
It’s easy to agree with Puttonen. I didn’t participate in the offering, but I could have invested a few pennies into saving humanity, or at least into an effort in that direction. Perhaps, however, it would be more important to take care of this precious planet of our own.
On the other hand, larger early-stage investors have likely been reluctant to reduce their shareholdings once it became known that an IPO was being planned. That would have sent a poor signal regarding the listing, and this is the “pot of gold” (hillotolppa) unless they still have full confidence in Musk’s visions and “blue-sky” painting. This case specifically requires faith, as the figures for the AI operations bolted onto the space business make for grim reading.
I bet there will be selling pressure and some will take profits as soon as possible. This is, of course, just amateur speculation, but time will tell how it plays out.
