[ExI] shiller pe ratio near record high

[John Clark]

On Tue, Jun 23, 2026 at 9:43 AM Adrian Tymes via extropy-chat <
extropy-chat at lists.extropy.org> wrote:

* >> the most overpriced company of them all is SpaceX.*
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> * > Checking the stock price this morning, it seems my hypothetical
> strategy - "buy at the IPO then sell within a day, because within a week
> it's going down" would have worked. *


*Yes but if you're a small investor and you don't have a friend who owes
you a favor and is in charge of a large mutual, pension or hedge fund,
then your chances of actually being able to buy any SpaceX at the IPO price
of $135 would have been very low; when trading actually began on June 12
the stock opened at $150, and at the end of the day it was at $161. *

*Just a few days later SpaceX bought the software company "Cursor" for $60
billion in an all stock trade, that is not illegal but it is unusual coming
so close after the IPO, and it just doesn't smell quite right to some
people. Did SpaceX acquire Cursor because Cursor is worth $60 billion, or
because SpaceX's brand new public stock gave it a convenient way to pay
a $60 billion bill without writing a $60 billion check?*


*John K Clark*
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