[ExI] spacex ipo

[spike at rainier66.com]

From: spike at rainier66.com <spike at rainier66.com> 
Subject: RE: [ExI] spacex ipo

 

 

 

From: extropy-chat <extropy-chat-bounces at lists.extropy.org <mailto:extropy-chat-bounces at lists.extropy.org> > On Behalf Of Brent Allsop via extropy-chat
Subject: Re: [ExI] spacex ipo

 

 

>>…Yea, I had an order for 300 shares, on Robinhood, but only got 39.

 

>…Meh, 1500 bucks so far, not bad for a day’s pay.

 

>…Good luck to ya Brent!  I had not the testicular fortitude to invest, but I had sufficient brains to not sell it short.  spike

 

OK (said the embarrassed amateur investor) I JUST NOW got around to reading SpaceX’s S-1.  Hey, it’s been a busy month, tour of Europe and an elderly parent to care for and so forth.  I looked it over this morning, and an old familiar feeling came back.  Before I bias you with my attitude, do look it over and feel free to post your impressions before you read on in this post:

 

Space Exploration Technologies - S-1 <https://archive.fast-edgar.com/20260520/APZZ2Q2COW22PZ5Z222D2ZZ2QUC5Z22IZ482/> 

 

OK now that you looked it over… does it remind you of anything?  Particularly the more geezerly among us?  It reminds me of Feb 2000 when Pets.com went IPO.  Plenty of us were watching that one closely.  Perhaps you recall the Super Bowl ads, the sock puppet business, the insane hype, and even the vaguely plausible notion that consumers would pay to have dog food delivered, under the reasoning that dogs eat absurd amounts of food as a function of their own weight, so those with even a moderately sized bowser must lug huge sacks of Gro-Pup and Ken-L Rations.  

 

But of course by November of that year the whole notion went bust.  The shares that went IPO at 11 bucks were selling for 19 cents by the time they were liquidating the delivery trucks (which I woulda bought had I needed one (a van I meant, not stock selling at less than 2 cents on the dollar from its peak earlier that year.))  Pets.com became the poster child for irrational exuberance, the classic dot com bust company.

 

Ja I know, high tech, low cost ride to orbit, exactly all the things I looked forward to my entire career in the rocket biz, AI everything, racing toward the singularity, I get all that.  But somehow, I still get the feeling the whole notion is overhyped and that stock will settle out around 50 bucks a share, at which time I will be likely to devour a few, low stakes bet, 20 to 100 shares perhaps.

 

Comments on the S-1 please?

 

spike

 

 

 

 

 

 

 

 

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