• FlashMobOfOne@lemmy.worldEnglish
    4 hours

    While I wouldn’t recommend investing in SpaceX (or any company contingent on Elon Musk’s wild claims, which often prove to be unfounded), investing in general is volatile and share prices fluctuate daily.

    What’s wild is that SpaceX’ satellite Internet product is actually really good, but the valuation of this company is insane and that retail investors have no voting rights is a huge red flag, and therefore it’s important to stay the fuck away.

    • ayyy@sh.itjust.worksEnglish
      2 hours

      Their internet offering isn’t good at all because there are no safeguards in place to stop a literal maniac from cutting off your internet because he didn’t like a tweet you wrote. He’s done it before and he’ll do it again.

      • JcbAzPx@lemmy.worldEnglish
        1 hour

        There are still parts of the world where even that beats out all the alternatives. They just aren’t terribly lucrative parts; thus the no good alternatives.

  • hayvan@piefed.worldEnglish
    9 hours

    They were never worth that much. But scams are profitable if you can enter early and find a bigger sucker to pass the hot potato. Which helps the hype.

    I wish all Elon companies a swift crash and burn.

      • AllNewTypeFace@leminal.spaceEnglish
        3 hours

        That’s not entirely fair. DogeCoin was, by all accounts, created by fairly decent people as a low-stakes joke, before Space Trump settled on it as his ticket to being popular and liked and, after spending some pocket change on a Shiba Inu for display, barged in and skunked it with his musk.