A weekly thread to discuss financial matters - from personal all the way up to global.
Ground Rules
- Remember that we're all just Internet randos. Don't bet your life savings on a hot tip from this thread.
- Keep culture war in the culture war thread. Yes, global events may impact our personal finances, but that does not mean we have to incessantly harp on culture war aspects here. If you are going to discuss it, please stick to the practical impacts of it on an individual level.
- Be kind. Remember that everyone here comes from different circumstances. We all have different resources available and different risk tolerances.
- Don't let the perfect be the enemy of the good. Better is better. Celebrate people when they take a step up and work to move their finances in the right direction. Don't flame out because they haven't followed what you consider the optimal path. Everybody has to start somewhere.
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Notes -
The only reason Musks can do fuckery to push it into indices is because a lot of people want to buy the stock and will let him IPO 50+ billion at a 2 trillion valuation.
He personally will likely not cash out much in the IPO. And it really is a great company I would love to buy at some point. I am likely hoping that the mess up the IPO like Meta and I get to buy it between $500b and a trillion. Starlink has potential to be a cash flow machine. xAI is interesting but I have no idea if frontier models will be profitable and it’s going to burn a ton of cash. And SpaceX innovation is insane.
I won’t buy the IPO though unless I see an opportunity arb the indexes but I would really like to own it someday.
The bigger issue isn’t the etf inclusion it’s an issue that our biggest companies don’t go public now because of regulations (complicated). It should have been listed years ago. Valuations on it are tough but it’s obviously a very valuable company.
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