What would be a fair price per share for SPCX? [View all]

Given that they’ve used some of their windfall proceeds to buy some smaller AI companies which have a product or two that are actually competitive, unlike any of the worthless crap X AI came up with, I will estimate a reasonable share price at somewhere around five dollars. That may be overly generous.

They offered the shares initially at $135, but it was up to $150 already before the general public could buy in. It inflated to around $200 and then some of the insiders cashed out their unearned profits, so now it's dropped back to the $150 range. Once it plummets, well, Elon gets to keep the cash that was paid for the shares that sold at the early inflated price, so he and the company will be perfectly okay, even if the promises of orbital data centers never amount to anything. (Spoiler: they definitely won’t.)

For the sake of anyone who still has retirement money in a NASDAQ index fund, I sure hope it drops further as quickly as possible, so those people don’t get involuntarily bought into this ridiculously overblown price when NASDAQ’s “fast track” adds it to the official index, and then get strip-mined when the bubble pops.