SpaceX goes public in the largest IPO ever, and Musk crosses the trillion-dollar line

[RudyBob]

Let's see what happens to the company now that the bean counters are in charge

 

[Tytus]

the guy who basically pioneered half of the planet's EV charging infrastructure

Starlink is pretty cool, but auto industry analysts were predicting EVs many decades ago. I invite you to check out Marc Tarpenning's talk about the physics behind EV efficiency to get a better view of the economic incentives that drive EV development. China is the real innovator in the space for economic reasons. Sodium ion batteries, which the industry is moving to for improved cost and safety, were estimated to eventually prevail by chemists in the 1960s. There's only so much a single person can do, and if anyone deserves credit for these improvements it is all the people helping to make it work and Providence.

 

[Megalomaniac]

2.1 trillion on day 1 wtf.

90 days from now - where will it be?

 

[Plutoisaplanet]

I wonder why genuinely compassionate people never seem to amass such weath? Everyone at the top seems to have either a curse written directly into their personality or eating then alive from the inside. Is amassing wealth an act of agression in and of itself beyond a certain point?

Genuinely compassionate people understand spreading wealth throughout society is far more valuable, and improves the lives of a lot more people, vs hoarding wealth into a very concentrated few.

That's actually pretty inaccurate. If at a large scale people spread wealth, no real value is created. Money is just distributed evenly. And if everyone spends that money how they like, supply doesn't change and thus prices increase. As a matter of fact, "free" money would likely harm supply because people don't need to work as hard to live comfortably. Thus, society becomes less productive and everyone becomes poorer.

Hoarding wealth essentially causes a minor deflationary effect. That's probably the best description for what Elon Musk has done, however he doesn't ever sell his stock so it's not "real" money. If he wanted everything in cash, he would likely end up with around 10% or less of the actual value since he's the top shareholder for his companies (unless he did it over several decades). But he doesn't, and thus he just has his companies instead. That's what he spends almost all his time on it seems.

It’s locked into years of losses with AI investment and there seems to be a significant amount of people shorting it. I wouldn’t be surprised if it halves in value by the end of the year.

Actually SpaceX's revenue's just doubled on an annualized basis last month. Google and Anthropic signed deals with SpaceX so that it gained $26B a year of revenue for AI compute starting later in 2026. So that "locked into years of losses" is completely absurd, especially considering SpaceX was profitable in 2024.

 

[KnightSayNI]

I wish we also had a DISLIKE comment option here.
I'm OK-ish with stupid BS but sometimes I find comments absolutely revolting and I would totally reward the poster with a DISLIKE if I could.
In some places a big number of downvotes/dislikes will render extra-unpopular comments invisible. I sort of appreciate that.

However, I own nor control this website and when I'm fed up I'll just leave and delete the bookmark. Done that before. All websites with comment sections have their ups and downs due to the number and type of commenters at any given date. And mind you, policing websites is hard.

Chalk that up to the snowflakes on the left. They can't take criticism. They can't take the truth. So they have to create their make-believe world where everyone gets a trophy except the sane people of course. They make everything worse.

 

[Beerfloat]

Never cared for Musk or Tesla one way or the other. Never wanted/needed an EV, but if that's what you want, go for it.
What is really funny to watch over the years is how Musk was the darling per se, of the environmentalist types that wanted to ban ICE vehicles and force everyone onto EV's...UNTIL! He sided up with Trump and then all of a sudden he's the worst person that ever came out of a womb!

You put this exact same post under almost every Musk article.

Yes, people had a different opinion of the guy up until he opened his mouth and and started to say mostly things that would make a Tourette sufferer blush.

 

[abactuon]

SpaceX (ticker SPCX) does not plan to pay dividends. According to management, all company profits will be fully reinvested in business development, construction of spacecraft and expansion of the Starlink network.
Basic information about payments:
• Dividend policy: No payments (0% dividend yield).
• Strategy: Focus on capitalization and share price growth rather than passive income.
• Expectations: Investors make money solely on the difference between the purchase and sale prices of shares.

What is even more important is that huge sums of money have accumulated in the hands of representatives of the "elites" from different countries, and they are unable to manage them wisely.

 

[Megalomaniac]

SpaceX (ticker SPCX) does not plan to pay dividends. According to management, all company profits will be fully reinvested in business development, construction of spacecraft and expansion of the Starlink network.
Basic information about payments:
• Dividend policy: No payments (0% dividend yield).
• Strategy: Focus on capitalization and share price growth rather than passive income.
• Expectations: Investors make money solely on the difference between the purchase and sale prices of shares.

What is even more important is that huge sums of money have accumulated in the hands of representatives of the "elites" from different countries, and they are unable to manage them wisely.

It'll basically be just like Tesla. No thanks.

Put your money in credit cards, banks, oil/gas/energy and you get dividends for the rest of your life.

 

[LordVile95]

That's actually pretty inaccurate. If at a large scale people spread wealth, no real value is created. Money is just distributed evenly. And if everyone spends that money how they like, supply doesn't change and thus prices increase. As a matter of fact, "free" money would likely harm supply because people don't need to work as hard to live comfortably. Thus, society becomes less productive and everyone becomes poorer.

Hoarding wealth essentially causes a minor deflationary effect. That's probably the best description for what Elon Musk has done, however he doesn't ever sell his stock so it's not "real" money. If he wanted everything in cash, he would likely end up with around 10% or less of the actual value since he's the top shareholder for his companies (unless he did it over several decades). But he doesn't, and thus he just has his companies instead. That's what he spends almost all his time on it seems.

Actually SpaceX's revenue's just doubled on an annualized basis last month. Google and Anthropic signed deals with SpaceX so that it gained $26B a year of revenue for AI compute starting later in 2026. So that "locked into years of losses" is completely absurd, especially considering SpaceX was profitable in 2024.

Paywalled article

It was profitable becaure it merged with xAI and took billions of losses. And even then it was mainly due to public money that it was profitable

 

[GeoffreyA]

I wonder why genuinely compassionate people never seem to amass such weath? Everyone at the top seems to have either a curse written directly into their personality or eating then alive from the inside.

There are some, like Bill Gates, who have done much good with their wealth and seem genuinely disturbed by the poverty out there.

Is amassing wealth an act of agression in and of itself beyond a certain point?

I look at it as a computer. Imagine the world as hardware resources and an OS. There are 8.3 billions programs running. A handful of these are holding a huge chunk of memory, CPU time, and storage, letting the billions fight for the crumbs.

 

[Kirby1]

I believe that money is a magical powerful substance that can control people, both--bodies and minds. As a result, I find it only logical when a billionaire is occupied with pushing to become a trillionaire rather than changing the world for better. When someone becomes a master of you, you do what he tells you to do.

And it might be just me, but I feel like there would not be so many people asking how this is right or fair if there was not an increasing distance between them and the majority of the rest of us who can barely afford the very basic necessities. It is not right for someone to have so much when there are so many of us who are willing to work and contribute to society but even that becomes harder and harder.

For this reason alone, I believe that visas for foreign workers must be strictly limited, allowing only the most gifted and educated to work here. They are the wealthiest in our country, and yet they keep stealing from us. That is what is so wrong, not just the mere fact that they accumulated so much wealth. Ordering an Indian to do an entry level job is a theft; the worst because it is no different than the richest stealing from poorest. This is just my opinion, but I think for this reason there is a growing contempt and animosity for people like Musk. They should do good when they have so much power to do so. And if they do not want to, then they should pay for someone else to do using their money.

Tldr: Idk investing. I just like Elon and have money to waste, couldnt tell us if I love fox or not more than my own

 

[pnntmp]

I look at it as a computer. Imagine the world as hardware resources and an OS. There are 8.3 billions programs running. A handful of these are holding a huge chunk of memory, CPU time, and storage, letting the billions fight for the crumbs.

Look at it some other way. This analogy is totally inadequate because memory and other hw resources in a computer are fixed, and that's not the case with wealth.

If you imagine a computer where the programs holding a large chunk continuously produce more memory, more cpu cores, more storage etc., your analogy would be perfect.

 

[Puiu]

So many losers freaking out over the guy who basically pioneered half of the planet's EV charging infrastructure (when everybody was busy sitting on their hands saying it was impossible), bringing last-mile internet to a world that was being underserved by the established ISPs (what, do y'all love Comcast now that Starlink is here), and 10-100x'ing NASA's own space exploration capability (what, y'all hate NASA now?). Face it, without Musk, we're basically still in the 2000's. Seriously.

Because Musk realized, like any genuine Westerner, or person with more than a room-temp IQ, that White people actually aren't the devil (not even close) and deserve to feel at home IN THEIR OWN COUNTRIES, y'all are now cutting off your own noses to spite your own faces. It's honestly hilarious to see. If only the West never abandoned imperialism...

Who knew that supporting fraud and scams is now normal.

 

[Anton Longshot]

Chalk that up to the snowflakes on the left. They can't take criticism. They can't take the truth. So they have to create their make-believe world where everyone gets a trophy except the sane people of course. They make everything worse.

FYI to people in Europe the USA does not have a "left".
Democrats are conservatives.
Republicans are extremist right-wingers.

Mind you things aren't exactly rosy in NL either. Not so long ago the fascists won the elections - we got lucky and that government fell quickly because the opposition refused to work with the racist nazi's. Could have ended badly I don't doubt that for a second.
But our once beautiful welfare state no longer exists. These days civilians are just a source of income to institutions, companies and last but not least...the government.
Obviously the USA's overflowing with issues but in spite of that I'd like to move there and I'm trying to make that work. NL's dead to me.
[whiny mode off]

 

[GeoffreyA]

NL's dead to me.

For what it's worth, when I stayed in Schnipol overnight, more than once, I saw your country as beautiful, with a delightful lot of people and an endearing accent. Of course, not actually visiting the country, it was only a small glimpse, but I always think well of the Netherlands and my experiences with KLM.

 

[Endymio]

So his lawsuit against OpenAI over it supposed to be non-profit looks kind of self-serving now…

LOL, what? When has any person in the history of our legal system filed a lawsuit *except* to benefit themselves? It's literally the express purpose of the civil court system: the "make whole doctrine" is integral to civil law.

 

[Plutoisaplanet]

Paywalled article

It was profitable becaure it merged with xAI and took billions of losses. And even then it was mainly due to public money that it was profitable

The financials from the S-1 filing show both companies numbers combined back to 2023. SpaceX was profitable in 2024 even with billions spent on AI.

I didn’t get a paywall on any of the devices I accessed the source from, but here’s a syndicated version of the same article: https://www.msn.com/en-au/news/tech...after-anthropic-pact-ahead-of-ipo/ar-AA24XJBE

And here is a graph from the original article to show how much an impact $26B a year is for SpaceX:

 

[LordVile95]

The financials from the S-1 filing show both companies numbers combined back to 2023. SpaceX was profitable in 2024 even with billions spent on AI.

I didn’t get a paywall on any of the devices I accessed the source from, but here’s a syndicated version of the same article: https://www.msn.com/en-au/news/tech...after-anthropic-pact-ahead-of-ipo/ar-AA24XJBE

And here is a graph from the original article to show how much an impact $26B a year is for SpaceX:

Oh so they’re essentially guessing how much the deals are actually worth and it’s based on compute the company doesn’t actually have yet. Right.

They didn’t spend that in 2024 though did they. The issue is 2025/26 where they operated at a significant loss.

 

[Endymio]

Starlink is pretty cool, but auto industry analysts were predicting EVs many decades ago.

"Predicting" something and bringing it to market are two quite different matters. GM has been trying to commercialize EVs since the 1990s, and despite their market dominant position, they are even today still unable to profitably manufacture an EV. In fact, Tesla's the only company in the world doing so on large scale, unless you count CCP-subsidized ventures like BYD.

SpaceX (ticker SPCX) does not plan to pay dividends.

Oops! It's not 1968 any longer. The vast majority of growth-stock companies never pay dividends, but reinvest in further growth. Amazon, for example, has been a public company for 30 years and turning profits for over 20, and still hasn't paid a single dividen.

 

[GeoffreyA]

Look at it some other way. This analogy is totally inadequate because memory and other hw resources in a computer are fixed, and that's not the case with wealth.

If you imagine a computer where the programs holding a large chunk continuously produce more memory, more cpu cores, more storage etc., your analogy would be perfect.

Even if we allow that memory, CPU power, storage, etc., are growing, along with the tokens (money) that allow the use of these resources, the token distribution/resources held is not changing much or is changing for the worse. What's more, the few programs are using their resource power to alter policies in the kernel to benefit their securing more resources and control.

 

[Endymio]

The issue is 2025/26 where [SpaceX] operated at a significant loss.

Why not learn the basics of financial accounting? SpaceX's core business had a huge operating profit in 2025, along with a gargantuan 30% margin. Their net losses were due to heavy investment in future growth, almost all of that due to the buildout of AI infrastructure.

 

[Endymio]

The entire purpose of choosing an index fund is to be in established, representative companies and avoid high risk stocks

Not even remotely correct. The purpose of an index fund is just what the name suggests: to mirror the performance of a broader market. And when you have a $2T titan on Nasdaq, it's hard to pretend its performance doesn't affect the entire market. Index funds exist only to give you a more convenient way to diversify than buying all those individual stocks yourself. If you want to "avoid risk" -- buy a bond instead.

If you don't like SpaceX being in these funds: don't buy them. What's so hard to understand about that?

 

[kaosken]

Anyone who thinks Musk is the World's first trillionaire is very mistaken. There is the Saudi Kingdom. The Trillion$ is chump change...

 

[Anton Longshot]

For what it's worth, when I stayed in Schnipol overnight, more than once, I saw your country as beautiful, with a delightful lot of people and an endearing accent. Of course, not actually visiting the country, it was only a small glimpse, but I always think well of the Netherlands and my experiences with KLM.

Funny you should say that.
I've worked for KLM for years. They're a good company and they (and their daughter companiy) have a fleet of good planes that are properly maintained.
The latter is not as common as one would expect. I won't name the companies but I've worked on planes I'd flatly refuse to fly in, even if they paid me. Accidents waiting to happen. Also, not every company has good crew discipline. I've seen a plane crash at Schiphol airport and while the official investigation said "pilot error" I'm not stupid and I'm pretty sure the pilots (who did not survive) were drinking. The passengers were lucky, all of them survived IIRC.

 

[GeoffreyA]

Funny you should say that.
I've worked for KLM for years. They're a good company and they (and their daughter companiy) have a fleet of good planes that are properly maintained.
The latter is not as common as one would expect. I won't name the companies but I've worked on planes I'd flatly refuse to fly in, even if they paid me. Accidents waiting to happen. Also, not every company has good crew discipline. I've seen a plane crash at Schiphol airport and while the official investigation said "pilot error" I'm not stupid and I'm pretty sure the pilots (who did not survive) were drinking. The passengers were lucky, all of them survived IIRC.

I've been on KLM about four or five times (thrice long-haul), and I felt at home and at ease: the cabin crew were friendly, professional, and had a sense of humour. All in all, pleasant flights, and no issues whatsoever with the workers at Schipol. The first time, I missed the connecting flight because passport control was too long, and the lady on the other side changed my flight with a smile. The experience with their sister airline, Air France, is not that grand.