"The entire premise of SpaceX’s shares climbing eventually is based on the idea that this cash-burning business will one day be enormously profitable. That’s wishful thinking to me, not an investment thesis based on what’s in front of us in the prospectus." www.nytimes.com/2026/06/11/i...
Basically, they say that SpaceX has been losing money, the IPO share price is absurd, and it would take a miracle to deliver what the company promises--and Musk's track record is not a stellar one at that: www.nytimes.com/2026/06/11/i...
Musk is Lex Luther. His business plan has been, and will continue to involve corruption. The guy is mostly a hype-man focused on draining public coffers into his businesses.
‘Getting Elon hard enough to penetrate our reporters’ proverbial anuses wasn’t easy. It required patience, careful timing, and a lot of “queen of spades” hentai memes. But the NYT Editorial Board feel we have lubricated Musk’s angry inch enough for a significant—if brief—act of sodomic puppetry.’
How Our Reporters Distinguish Hype from Facts in the SpaceX IPO Article URL: https://www.nytimes.com/2026/06/11/insider/spacex-ipo-coverage-facts-price.html Comments URL: https://news.ycombinator.c...
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