colleague @JARennison makes an important point
v low float for spacex
https://www.nytimes.com/live/2026/06/12/business/spacex-ipo-elon-musk/4dbbf81d-a8e3-5a65-8b55-1266d953e8c3?smid=url-share
9:29 AM · Jun 12, 2026 · 4.9K Views
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Users in the replies dismiss examining SpaceX's financial books as a fool's errand in Elon Musk's world, where traders stand to profit regardless of fundamentals amid the low-float IPO volatility.
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rat king 🐀@MikeIsaac
the important thing for me is that first day trading is basically divorced from company fundamentals
today far less important of a data point than, say, a year from now
rat king 🐀@MikeIsaac
colleague @JARennison makes an important point
v low float for spacex
https://www.nytimes.com/live/2026/06/12/business/spacex-ipo-elon-musk/4dbbf81d-a8e3-5a65-8b55-1266d953e8c3?smid=url-share
4hViews 3.1KLikes 27Bookmarks 0
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rat king 🐀@MikeIsaac
perhaps it is a fool's errand to even say "look at the actual books of this company" in the context of elonworld while traders stand to make lots of money on it, but i will continue to beat that drum
rat king 🐀@MikeIsaac
the important thing for me is that first day trading is basically divorced from company fundamentals
today far less important of a data point than, say, a year from now
4hViews 2.5KLikes 30Bookmarks 0
Diaczo80@diaczo80
@MikeIsaac Drum 🥁🛢️ roll 🥁🥐 plz 🙏👍▶️
United States Congress
@SallyGold :)
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