FoxtrotDeltaTango@sh.itjust.works to News@lemmy.world · 4 days agoSpaceX Stock Plunge Wipes Out $600 Billion After Cursor Deal Spooks Investorswww.forbes.comexternal-linkmessage-square21fedilinkarrow-up1130arrow-down13file-textcross-posted to: technology@lemmy.world
arrow-up1127arrow-down1external-linkSpaceX Stock Plunge Wipes Out $600 Billion After Cursor Deal Spooks Investorswww.forbes.comFoxtrotDeltaTango@sh.itjust.works to News@lemmy.world · 4 days agomessage-square21fedilinkfile-textcross-posted to: technology@lemmy.world
minus-squareLedivin@lemmy.worldlinkfedilinkarrow-up22·4 days agoLiterally every piece of news on the IPO was about how the valuation was way, way too high. Who the fuck didn’t see the drop coming?
minus-squareFishFace@piefed.sociallinkfedilinkEnglisharrow-up6·4 days agoWell, it hasn’t dropped below its initial valuation yet.
minus-squareaffenlehrer@feddit.orglinkfedilinkarrow-up7arrow-down1·4 days agoAll of Musks enterprises have insane valuations without dropping too much / quickly. It is a bit unexpected. I would never actively invest in any of them though.
minus-squareCharlesDarwin@lemmy.worldlinkfedilinkEnglisharrow-up2·4 days agoI actually expect it to go higher than its earlier high, but then I would not be surprised to see it go much (much) lower than where it IPOed at.
Literally every piece of news on the IPO was about how the valuation was way, way too high. Who the fuck didn’t see the drop coming?
Well, it hasn’t dropped below its initial valuation yet.
All of Musks enterprises have insane valuations without dropping too much / quickly. It is a bit unexpected. I would never actively invest in any of them though.
I actually expect it to go higher than its earlier high, but then I would not be surprised to see it go much (much) lower than where it IPOed at.