- cross-posted to:
- technology@lemmit.online
- cross-posted to:
- technology@lemmit.online
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I have no fucking idea of investing and knew it would go down quick, even the news said it since the company has no earnings, how the heck did they not? What were they thinking?
That’s what you get for gambling.
Awww. Poor fuckwits bought into a nazi-run company.
I’m sorry they didn’t lose more.
But aren’t some of these guys fund managers with our retirement money?
All the analysts at the beginning were shouting that the IPO was overvalued.
Making outrageous promises and failing to deliver is Elon Musk’s brand.
If you have money to invest, and you lost it in SpaceX without doing your due research, I have no sympathy for you.
(I have no money to invest. I was just following SpaceX and Musk’s dubious trillionaire status. He’s still, way, way too rich.)
Investors really are just a bunch of toddlers with no memory, no critical thinking skills, and no real skills at all, actually.
If you lost money investing in Musk, I not only have no sympathy but I’m actually going to laugh at you for as long as I have air in my lungs. This, in between my sadness for the lost mkney that could have been used productively to help people.
someone lost a monkey? we’ve gotta find that monkey
I believed in you and lost
Story of Elon’s life.
Yup. Thats your mistake right there.
Funny how every dip was supposed to be a once in a lifetime buying opportunity until people actually bought near the top. SpaceX is still an incredible company, but incredible companies can still be overpriced. Reality eventually sends the invoice, even when the CEO is treated like a prophet.
i saw someone buy SPAcex stocks on wsb, and they lost alot, they were comparing it to the IBM guy that lost alot , but i heard he bounced back and then some.
This GIF never gets old.
Just a note: the same people who predicted this would happen are the same predicting the AI bubble bursting.
that’s me!
well, it is the same prediction. SpaceX IPOed as an AI company mostly
As ridiculous as that sounds, it is true
Isn’t both happening now?
Love it. Hope Tesla’s next and his house of cards collapses as all the debt leveraged on his Tesla shares comes calling.
Man do I have news for you
spacex has to cannabalize, tesla, twitter, and XAI to keep it from collapsing.
i needed it without the caption, so here y’all are
What else would you expect trying to make a company that barely makes anything command a trillion dollar evaluation.
nachos?
The stock market is gambling.
“SpaceX gamblers in meltdown over not having a winning bet.”
Yeah, they WISH it were like gambling…but it is fraud, insider trading and stock manipulation.
I gotta disagree that the stock market is inherently gambling. If an investor does their due diligence, looks at the fundamentals of a company, and makes an informed decision to invest, they are very likely to see some sort of return on that investment.
Unfortunately, we’re deep into “vibe investing” territory now, where stats like P/E ratios no longer seem to matter to either institutional investors or many casual investors. Where people are dumping their money is now disconnected from where it’s wise to dump money
Its because they make money buying whatever goes up, instead of holding selected companies for a long time.
Think about it. You could have made 150% by holding micron for three months. Big tech companies take five years to make that much. So that’s why these investors have to jump on the bandwagon no matter what the fundamentals are.
They also sell as soon as it starts to show weakness, which is why micron dropped 30% in like 3 days.
So, not unlike sport gambling. You study the teams, their forces and weaknesses, their history, and make the informed decision to gamble. It’s still gambling.
I think it comes down to
- on paper it isn’t gambling
- in practice it has become gambling
ETFs are generally better, especially if you don’t touch them for a long time.
Giving your money to an unregulated Wall Street organization is never “Better.”
Fools and their money are easily parted.
Seriously WTF did they expect???
I think some people really bought into space datacenters, asteroid mining crazy talk.
I had a family member talk about space data centers. I tried to explain how the issue in space is more about getting rid of heat, but they couldn’t comprehend it cause space=cold.
they were even talking about ocean datacenter a while ago, people dont comprehend how expensive you have to deal with oceanwater, granted it may dissipate heat faster. but dealing with corrosions, logistics would be expensive too.
I would think dealing with radiaton would be the most difficult thing about massive amounts of electronics in space. That’s why a chip on a satellite is much more expensive than an equivalent chip that stays on Earth.
Wait, we have to shield it AND get rid of heat?!
Those two things aren’t incompatible if you shield it with a massive heatsink.
Still harder than just doing it on earth, though.
Don’t forget power it as well. Watched a video where someone did the math and to generate the power required of a typical data center you’d need a solar array something like 40 times the size of the one on the ISS. It would be an absolute behemoth of a satellite and that’s without taking into account the cooling which would likely double the size again. Of course once you get that big then you have to worry about keeping the thing in orbit because moving that much mass isn’t exactly easy. No matter how you slice it it’s a stupid ass idea that doesn’t work.
Power is pretty much the only part of space data centres that does make sense. You can put them in an orbit to get 24hr solar power and its stronger than on the ground as there’s no atmosphere in the way. Large foldable solar panels are available, and unlike radiators you don’t have to pump liquids through them.
Other than hype (which is by far the major driving force behind companies talking about them) access to that power without regulation is the reason you would want to put them in space.
This makes sense to me.
Also, with all that surface area on panels, I feel like there’s a way of having them double as heat radiators - one side captures energy, the other radiates it out…
It would be the most depressing job. You’d get bored so fast.
Heeere am I floating 'round a DC
Faaar above the world
Replace a GPU
Maybe have a wank or twoLinkedIn is packed with Elon dick riding.
