You only get "fleeced" if the stock crashes. If it's that terrible of a stock then the price will be low. As far as SpaceX goes, I think there are far riskier companies with little prospect of doing well.

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lokar 10 hours ago | parent | next [-]

They are only selling a small % of the shares in the IPO and subsequent weeks.

With a tiny float the price will almost certainly go up as a limited number of enthusiastic investors buy in. The plan is to then line up the lockup expirations so they sell into the index re-balance, a ton of new non-discretionary demand to match the new supply.

It's manipulation.

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FireBeyond 11 hours ago | parent | prev [-]

How about xAI? Losing $6B a year and with that whole "Grok, generate me an image of this child with no clothes on" horrorshow?

Sorry, "xAI, a wholly owned subsidiary of SpaceX".

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indoordin0saur 10 hours ago | parent [-]

1.) All the image generation models will do that, xAI is just the one that caught flak for it

2.) SpaceX made $16B in profit last year, despite its enormous R&D costs and is on track for $20B this year, despite the losses from AI. People still wise to invest in Google despite their AI business still being a huge loss

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FireBeyond 10 hours ago | parent [-]

> 1.) All the image generation models will do that, xAI is just the one that caught flak for it

Perhaps. But that's a huge undersell. "just the one that caught flak"? No. The one with nearly zero guardrails. Where users could trivially create underage porn, bestiality, etc., using prompts that you could put into any other AI and just say "does this image generation prompt seem likely to create legally problematic content?"

No, Captain Free Speech said fuck it, let's roll.

	▲	torginus 10 hours ago \| parent [-]
		Not that I approve of that, but when image generation was hot and new, the insane amount of refusals I got from the major ones for apparently no reason, exacerabated by the general slowness, quotas and inherent trial and error workflow has completely soured me on them.