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Re:SpaceX stock erases all its gains and slides below IPO pr... by lorecore on Thursday July 16, 2026 @10:56AM (#48935473)
Musk literally said SpaceX would be worth more than all of planet earth. That’s fraud.
Re:SpaceX stock erases all its gains and slides below IPO pr... by labcomputer on Thursday July 16, 2026 @11:06AM (#48935609)
Forward-looking statements (even unrealistic ones) are not fraud. If that's your standard for fraud, then literally every public company is a fraud.
Re:SpaceX stock erases all its gains and slides below IPO pr... by lorecore on Thursday July 16, 2026 @02:51PM (#48938630)
Yes, making knowingly false forward looking statements is fraud.
Re:SpaceX stock erases all its gains and slides below IPO pr... by infecto on Thursday July 16, 2026 @11:02AM (#48935557)
You’re moving the goal post in your argument. First it’s being good at raising money is a scam. Now you are pointing out his incredibly foolish claims. No disagreement, it’s an absurd statement. I don’t know if it classifies as fraud.
Re:SpaceX stock erases all its gains and slides below IPO pr... by lorecore on Thursday July 16, 2026 @02:52PM (#48938645)
I’m not moving the goalposts. I said: “The valuation is based of fraudulent promises, just like Musk’s other scam, TSLA.” and that’s 100% factual.