Investing

[Deleterious]

Plus it would give the bottom half more money to buy junk on Amazon they don't need.

 

[Deleterious]

 

[gehringer_2]

1 hour ago, Deleterious said:

Plus it would give the bottom half more money to buy junk on Amazon they don't need.

 

without doing more research than I have time for right now, does his comment about the lower 50% paying 3% of taxes count only the Income tax or FICA (plus the employer contribution) as well because that could be significant difference in that %

[Deleterious]

 

[Deleterious]

They released the numbers.  

I think they lost $5 billion on $18 billion in revenue, and they have a valuation of $1.75 trillion.  Holy growth stocks.

 

[gehringer_2]

11 minutes ago, Deleterious said:

They released the numbers.  

I think they lost $5 billion on $18 billion in revenue, and they have a valuation of $1.75 trillion.  Holy growth stocks.

 

nobody is going to make money on going to Mars unless it's on sweetheart contracts to really stupid US government.

....oh, wait,   nvm.

 

[Screwball]

4 hours ago, Deleterious said:

 

After hours chart porn is pretty uneventful. I don't know what that means.

In related market news, and I'm not following like I used to, but the Space X stuff - from NBC;

SpaceX confirms plans for an IPO that could make Elon Musk a trillionaire

FTA:

Quote

SpaceX’s IPO is expected to draw wide investor interest because of the company’s success in rockets and satellite-based internet — two areas where SpaceX has a wide lead over potential competitors. The IPO is expected to take place next month after a marketing period in which Musk can try to drum up further interest in the company’s stock.

Next month? Doesn't an IPO of this size take longer than that? Who's the bank? Like I said, I don't follow the casino much other than to look at the chart porn. Has this been going on for a while?

[Deleterious]

15 minutes ago, Screwball said:

After hours chart porn is pretty uneventful. I don't know what that means.

In related market news, and I'm not following like I used to, but the Space X stuff - from NBC;

SpaceX confirms plans for an IPO that could make Elon Musk a trillionaire

FTA:

Next month? Doesn't an IPO of this size take longer than that? Who's the bank? Like I said, I don't follow the casino much other than to look at the chart porn. Has this been going on for a while?

Some rules were changed/tweaked.

SpaceX to IPO on Nasdaq after index rules adjusted - reports

Quote

The new "Fast Entry" rules mean stocks can be added to the index just 15 trading days after their initial public offering (IPO), down from a historic seasoning period of three to 12 months. The seasoning period is considered an important window for stabilisation and price discovery.

With a host of blockbuster IPOs slated for the coming months - AI heavyweights OpenAI and Anthropic are expected to list this year - the Nasdaq 100 has also ditched its 10% minimum free float requirement, the proportion of a company's shares which are publicly traded.

Companies with small free floats can now be weighted up to three-times their prevailing float - a symbolic departure from the free float-adjusted market cap weighting methodology common to mainstream indices.

This will drive huge passive fund buying of SpaceX's shares shortly after IPO. Assets of around $527bn in 63 ETFs were tracking the Nasdaq 100 index as of the end of December, according to figures from ETFGI, a London-based consultancy.

 

[Screwball]

51 minutes ago, Deleterious said:

Some rules were changed/tweaked.

SpaceX to IPO on Nasdaq after index rules adjusted - reports

 

Oh my! I'm sorry I asked. The pigmen are happy once again. This is nuts. 

From my Debbie downer side, these IPO's are chasing the bubble before it blows the **** up.

For those who don't follow, from Investopedia a primer on stock float;

Understanding a Company's Float: Key Facts for Investors

Float's only a part of this but helps understand. There is all kind of stuff going on here. Once again, proud of the pigmen; the swine crook swindlers and criminals they are. But hey, they run the world. It's good to be the king.

Then I had to look. The question - who is the bank behind this?

Quote

Goldman Sachs is leading the SpaceX initial public offering as the primary, "lead-left" underwriter. They are joined by a syndicate of other major financial institutions that are underwriting the record-breaking offering. [1, 2, 3]

 

Quote

 

The full roster of banks managing the public offering includes:

• Lead-left underwriter: Goldman Sachs
• Lead underwriters / Syndicate: Morgan Stanley, Bank of America, Citigroup, and JPMorgan Chase [1, 2, 3, 4]

 

 

The usual suspects!!!!! That's ****in funny right there.

Who could have possibly saw that coming?

 

Edited 15 hours ago by Screwball

[Deleterious]

It gets worse.

The article says some of this is probably not legal and will certainly be challenged in court. Three pension funds have already sent letters to SpaceX protesting some of these rules.  Probably an attempt to fix things without expensive litigation.  

SpaceX IPO: Musk Controls 85.1% Voting Power, Shareholders Waive Jury Trials and Class Actions

Quote

According to the prospectus, Musk held 12.3% of Class A shares and 93.6% of Class B shares prior to the listing. With Class B shares carrying 10 votes per share and Class A shares carrying one, Musk holds approximately 85.1% of the voting power. He also serves as the company's CEO, CTO, and Chairman of the Board.

SpaceX has reincorporated from Delaware to Texas and will list on Nasdaq. It qualifies as a "controlled company," exempting it from most governance requirements such as having a majority of independent directors. The Texas Business Organizations Code, effective September 2025, allows for extremely high thresholds for shareholder proposals, which has already prompted companies like SpaceX and Tesla to reincorporate in the state.

Quote

The company's articles of association in the prospectus require shareholders to "irrevocably and unconditionally" waive the right to a jury trial, prohibit class action lawsuits against the company and its controlling shareholders, and mandate that all disputes be submitted to arbitration.

Quote

SpaceX has raised the threshold for shareholder proposals: investors must hold shares worth at least $1 million or more than 3% of the company’s total outstanding shares to force a vote at a shareholder meeting. Furthermore, under Texas law, submitting a proposal requires meeting additional conditions, including holding shares continuously for at least six months and obtaining support from shareholders representing at least 67% of the voting power.

Based on SpaceX’s target valuation of $1.75 trillion to $2 trillion, the 3% threshold corresponds to a market value of at least $52.5 billion. This threshold is likely reachable only by Elon Musk himself and a very small number of shareholders, such as Google.

 

[gehringer_2]

11 minutes ago, Deleterious said:

It gets worse..

The article says some of this is probably not legal and will certainly be challenged in court. Three pension funds have already sent letters to SpaceX protesting some of these rules.  Probably an attempt to fix things without expensive litigation.  

SpaceX IPO: Musk Controls 85.1% Voting Power, Shareholders Waive Jury Trials and Class Actions

 

C.a.v.e.a.t E.m.p.t.o.r

[Screwball]

2 hours ago, Deleterious said:

It gets worse.

The article says some of this is probably not legal and will certainly be challenged in court. Three pension funds have already sent letters to SpaceX protesting some of these rules.  Probably an attempt to fix things without expensive litigation.  

SpaceX IPO: Musk Controls 85.1% Voting Power, Shareholders Waive Jury Trials and Class Actions

 

I hope it pukes on IPO day, but it won't. What a ****ed up mess. The pigmen will make money so it's all good. We are playing in the secondary market anyway.

In other news, this pertains to NVDA. Stock isn't doing much today after the earnings report last night. This may be part of the reason why.

Nvidia says it has ‘largely conceded’ China’s AI chip market to Huawei

Also, market related. The bellwether WMT reported this morning. Not so good. Stock down around %8.