For Wall Street, the Only Thing Worse Than SpaceX Flopping Is Missing Out

kept by eddie may 30

SpaceX and its bankers are engineering FOMO around its IPO, making investors fear missing out more than the risk of a flop.

This 83-Year-Old Investor Is Elon Musk’s Biggest Fanboy - WSJ
Ron Baron, an 83-year-old investor, has bet his firm's future on SpaceX and Tesla, counting on SpaceX's upcoming IPO to reverse fund losses.
also on Elon Musk, #finance, SpaceX, #startups, #business-strategy
Elon Musk Becomes the World’s First Trillionaire
Elon Musk's net worth exceeded $1 trillion after SpaceX shares surged 20% on their first day of trading, making him the first trillionaire.
also on Elon Musk, #finance, SpaceX, #business-strategy
xAI is looking more like a datacentre REIT than a frontier lab - Martin Alderson
xAI's GPU rental deals with Anthropic and Google transform it into a datacenter REIT-like business, driven by financial engineering, compute shortages, and infrastructure advantages.
also on #finance, SpaceX, #business-strategy
S&P 500 rejects SpaceX, also blocking entry for OpenAI and Anthropic
S&P 500 rejects rule changes that would have fast-tracked SpaceX, OpenAI, and Anthropic into the index, maintaining standard eligibility criteria like profitability and a one-year seasoning period.
also on #finance, SpaceX