SpaceX Stock Crashes to New Low, Losing $1 Trillion After Starship Launch Abort
SpaceX stock drops to a new low and loses $1T in value in a month
SpaceX's post-IPO honeymoon ended abruptly as the company lost $1 trillion in market value within a month. Shares fell below the $135 IPO price following a scrapped Starship launch caused by engine failures. With looming lockup expirations allowing early investors to sell, the stock continues its steep decline, leaving recent buyers underwater despite the company's historic $85 billion debut.
SpaceX's IPO honeymoon seems to be over.
- throwaway13337
Are there any reasonable analyses of the practicality of data centers in space?
I know Dwarkesh Patel was interviewing Elon and brought up the fact that power cost for data centers is only 20%. The number I could find is 7-18%? GPUs are the majority of the cost. I don't think Elon responded directly to that.
There's the argument that licensing to build these things is cheaper in space. But earth has a lot of space in the middle of nowhere that no one would object to. That seems cheaper than space.
And the heat dissipation argument against it seems like a good one but I don't know if it's actually just a small engineering problem that can be solved cheaply or more fundamental.
On the plus side, you could say there is better connectivity in orbit. But if you're running inference, you'd probably want to talk to the same server that has your context cached. As it whips around earth, your latency would vary a lot, right?
I'd love it if someone could point me to a better analysis. It's an interesting question in general. Not just because one of the highest valued companies in the world is based entirely on its feasibility.
- int32_64
Anybody that has traded crypto knew how to trade the SpaceX IPO. The IPO was just a low float/high fdv shitcoin launch. It's free money.
- WalterGR
Past month:
38 comments - https://news.ycombinator.com/item?id=48948435 - "Short sellers notch $8.7B profit as SpaceX shares dip to IPO price" - reuters.com | 71 points | 3 hours ago
281 comments - https://news.ycombinator.com/item?id=48933344 - "SpaceX stock erases all its gains and slides below IPO price in intraday trading" - latimes.com | 306 points | 1 day ago
603 comments - https://news.ycombinator.com/item?id=48920181 - "SpaceX bond worth 10% less than issue price – heading for junk bond status" - ft.com | 561 points | 2 days ago
98 comments - https://news.ycombinator.com/item?id=48639057 - "SpaceX sheds $400B in market value as debut rally hits reverse" - ft.com | 77 points | 24 days ago
66 comments - https://news.ycombinator.com/item?id=48634931 - "SpaceX Drops 14% in One Day, Price Now Below IPO Launch" yahoo.com | 62 points | 24 days ago
21 comments - https://news.ycombinator.com/item?id=48598558 - "The average SpaceX buyer post-IPO is almost under water after two-day slide" - cnbc.com | 40 points | 28 days ago
Bonus:
149 comments - https://news.ycombinator.com/item?id=48604186 - "Americans express unease over SpaceX's influence on retirement savings" - theguardian.com | 253 points | 27 days ago
94 comments - https://news.ycombinator.com/item?id=48576113 - "With Wall Street’s help, you’re about to be forced to buy stock in SpaceX" - paulkrugman.substack.com | 114 points | 29 days ago
- Zsfe510asG
Germans are getting an existential crisis if VW's profit is "only" $8 billion and unprofitable companies in the US are initially sold at $trillion market cap.
SpaceX is not a growth stock. The launch business is limited and circular with Starlink, Twitter is a loss and xAI's hardware rental business is being entered by Meta and others.
- xnx
My hope is that the scales will fall from people's eyes in relation to SpaceX and this newfound knowledge will also transfer to Tesla's overvaluation.