NEWS SpaceX share price drops below stock market debut

So the share value of SpaceX, a corporate fraud company pretending to be a rocket company, pretending to be an AI company, run by Elon Musk, a white supremacist lolcow pretending to be a genius, is now in the red. As of yesterday, it is now lower than its stock market debut. After an initial public offering that put SpaceX on the stock market and made Elon a trillionaire for like 15 minutes, the stock value has dropped by 41% in just over a month. And that it's dropped below its debut stock price, everyone who has invested has now made a loss. Everyone who has paid in has now lost money. Over all this company that Elon market manipulated everyone into believing was worth $2.1 trillion dollars, when in fact it had a yearly revenue of $18 billion dollars at most. The majority of that enormous overinflated non-existent AI potential. No SpaceX is revenue is 60% Starlink, which is just selling internet to Ukraine. AI company, according to what financial market analysts and experts recently told the BBC. Earlier this year, SpaceX acquired Musk's AI startup xAI, recently renamed SpaceXAI, marking its first foray into an AI-focused business. XAI is best known for the controversial chatbot Grok, but through that acquisition, SpaceX now leases data centre capacity to other tech companies. The company's main business is to manufacture and launch telecommunications satellites and Starlink. When Starlink said it was the Memphis, Tennessee concerns over a massive project, SpaceX shares fell. Steve Sosnick, chief market analyst at Interactive Brokers, told Reuters: "There hasn't been anything that people of some of the catalysts they bought SpaceX." SpaceX is expected to release its AI company, according to what financial market analysts and experts recently told the BBC. Earlier this year, SpaceX acquired Musk's AI start-up xAI, recently renamed SpaceXAI, marking its first foray into an AI-focused business. XAI is best known for the controversial chatbot Grok, but through that acquisition, SpaceX now leases data centre capacity to other tech companies. The company's main business is to manufacture and launch telecommunications satellites and Starlink. When Starlink said it was the Memphis, Tennessee concerns over a massive project, SpaceX shares fell. Steve Sosnick, chief market analyst at Interactive Brokers, told Reuters: "There hasn't been anything that people of some of the catalysts they bought SpaceX." This is just corporate fraud. SpaceX, a company that doesn't make an awful lot of money, bought Starlink, a company that makes a decent amount of money. SpaceX then also bought xAI, which was not making an awful lot of money at all. xAI is the current owner of Twitter, something else that Elon Musk runs that doesn't really make all that much money. No surprise that the stock price has gone off a cliff. Moment you look at Elon Musk's empire with any scrutiny, it's literally just a mixture of corporate fraud and market manipulation. It's a miserable, racist, catamite, ad-litter, Tony Stark hybrid, ashing his unprofitable companies with his few profitable companies as to handle their ongoing liabilities and debt, all while using his falsely earned image as an innovator to pump and dump their share value. Now, everyone who is still invested in SpaceX has lost money, almost universally. Also, Elon Musk can call himself a trillionaire for a week and then lose it again, which absolutely does not undo the catastrophic aura of debt that comes from being Elon Musk full time. It's my opinion.