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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 jjav on Friday July 17, 2026 @04:49AM (#48944843)
> An absured valuation isn't evidence of fraud.

For a public company that is certainly true. The valuation is determined by the market as a whole, so there can be no fraud.

But the fraud is in the profitability claims, such as 1T/yr in just a few years, which are clearly completely fabricated nonsense. No company officer should be allowed to make such claims without being removed from office.

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Re:SpaceX stock erases all its gains and slides below IPO pr... by 2PqboPPmKegvanx on Friday July 17, 2026 @06:24AM (#48945529)
>No company officer should be allowed to make such claims without being removed from office.

Any other company officer in a fortune 100 company would be removed from office if they made claims like this. The single reason he isn't is because he owns something like 80 something percent of voting power.

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Re:SpaceX stock erases all its gains and slides below IPO pr... by infecto on Friday July 17, 2026 @08:52AM (#48946802)
No different than Meta or Snap but folks only like to think about Elon.
[ Parent | on HN ]