News for hackers. Stuff that matters.

A comment on SpaceX stock erases all its gains and slides below IPO price in intraday trading. Parent comment

Re:SpaceX stock erases all its gains and slides below IPO pr... by rtkwe on Thursday July 16, 2026 @11:01AM (#48935543)
Yeah that plus wrapping the xAI dogshit debt inside SpaceX is where it gets really scummy. At least the S&P500 didn't (yet) succumb and lower their requirements and that's where most of my investment money is parked.
[ Parent | on HN ]
Re:SpaceX stock erases all its gains and slides below IPO pr... by rchaud on Thursday July 16, 2026 @01:14PM (#48937314)
not to mention hiding all the Twitter losses inside of xAI because AI in general loses lots of money.
[ Parent | on HN ]
Re:SpaceX stock erases all its gains and slides below IPO pr... by rtkwe on Thursday July 16, 2026 @03:21PM (#48939039)
I had completely forgotten they'd already wrapped xAI around Twitter. That's getting to turducken levels of nested bad companies.

There's also the Tesla (potential) self dealing where SpaceX bought a bunch of Cybertrucks and appears to be leasing them to employees for cheap as a perk.

[ Parent | on HN ]