| ▲ | foota 11 hours ago |
| It's a little crazy they haven't tried to sell it off yet. Maybe they don't want to trigger a bank rush or they're limited in their ability to do so? |
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| ▲ | sterlind 10 hours ago | parent | next [-] |
| why would they sell? because of ridiculously large the valuation is? like, I guess at SpaceX's valuation there's tremendous downside and little upside (x2 growth is unlikely when it's a third of the tech sector) |
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| ▲ | Andrex 10 hours ago | parent | next [-] | | I could also see some key decision-makers just being nerds that like space. | |
| ▲ | alexnewman 10 hours ago | parent | prev [-] | | I don’t see how America or Google remain relevant unless SpaceX succeeds . | | |
| ▲ | Mountain_Skies 5 hours ago | parent | next [-] | | We must not allow a mineshaft gap. | |
| ▲ | maxlin 8 hours ago | parent | prev | next [-] | | This. China's copying SpaceX's homework and the public/private system towards that is operating so efficiently, if SpaceX lets off the gas, US is going to fall behind off the next long term gold rushes like asteroid mining, and said space datacenters. | | | |
| ▲ | formvoltron 9 hours ago | parent | prev [-] | | Huh? |
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| ▲ | altmanaltman 10 hours ago | parent | prev [-] |
| They invested $900 million[1] in 2015, and it is worth $94.1 billion today. Why sell? They also likely have restrictions on selling post-IPO, but I don't think you can trigger a "bank run" on a stock anyway; the price will just keep adjusting as you sell/buy until it gets absurd. A bank run happens when everyone tries to withdraw all their money at the same time and the bank runs out of cash. Not really possible in the stock market where companies literally can create/destroy shares and there is a whole secondary pricing layer to it. 1. https://www.reuters.com/business/finance/alphabets-spacex-be... |
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| ▲ | ac29 10 hours ago | parent | next [-] | | >They invested $900 million[1] in 2015, and it is worth $94.1 billion today. Why sell? Didnt you answer your own question? Most would consider a 100x ROI more than sufficient for taking profits | | | |
| ▲ | foota 7 hours ago | parent | prev [-] | | "A bank run happens when everyone tries to withdraw all their money at the same time and the bank runs out of cash. Not really possible in the stock market where companies literally can create/destroy shares and there is a whole secondary pricing layer to it." Sure, it's not possible for stocks to become insolvent in the same way, but if a large shareholder sells it could trigger a panic and greatly decrease the price. |
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