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Investing

ticapnews said:
So yes, if he chooses, he can be a liquid trillionaire. Of course there aren't that many bills readily in circulation, would weigh 11 tons and be enough to fill more than 4 Olympic sized swimming pools, but he's just enough of a narcissist to do it.
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Is it too much to hope that he Christopher Reeve's himself when he swan dives into that money bin?
 
One fun thing about r/wallstreetbets is posts like this:

I have a screen capture from CNBC today where PPI was “more than expected” in the headline and “less than expected” in the article. I wish I knew how to post images.
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ticapnews said:
Oh, and the investor presentation is being live streamed if anyone is interested. It's Elon standing in front of a rocket, which isn't relevant to his actual business and would be like Bill Gates introducing Microsoft by standing beside a fax machine.
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It was one of the stupidest things I've ever seen, with a QR code on screen where you could buy SPCX "without the hassle" of regulatory rules and oversight.

The passive investors are going to be innocent victims. The douchebros who willingly buy in deserve to be the bag holders.
 
Kepler said:
But if he cashed out he'd effectively zero the share price, so no he couldn't.
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IPO Day is for billing the average investor (subset: dumb people) to enrich the already rich investors who got in during the private offerings. Those people will sell a good cuhunk of their stock. But, like you said, not so much as to harm their full position.
 
Just in case the economy undergoes a rapid unscheduled disassembly today and society comes to a halt, good luck everyone. May the odds ever be in your favor. Beat the living shit out of a rich person on your way out
 
My understanding is they are still working through the backlog. From the IPO auction maybe? I don't know.

First real trade is about to happen about noon ET, which is in 15 minutes.
 
SPXC:

SPX Technologies, Inc. is an American manufacturing company, headquartered in Charlotte, North Carolina. The company operates within four markets: heating, ventilation, and air conditioning, detection and measurement, power transmission and generation, and engineered solutions

These guys are going to have a helluva day.
 
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