r/Stocks Daily Discussion & Fundamentals Friday Jun 12, 2026
u/AutoModerator ·
Reddit — r/stocks
· June 12, 2026 at 09:30
· ⬆ 4 pts
· 💬 37 comments
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AI Summary
Summary
The thread focuses on SpaceX’s IPO day and Elon Musk reaching trillionaire status.
Sentiment is a mixture of awe at the scale of wealth and fatigue over media coverage.
No specific earnings or financial data discussed; the conversation is purely anecdotal and event-driven.
Notable consensus: SpaceX IPO is a major event, but the community offers no analytical direction on the stock itself.
AI Summary
Summary
Dominant theme: SpaceX (SPCX) IPO controversy – low float, inflated valuation, insider exit liquidity, and a first-day drop of ~12%.
Mixed sentiment across the thread: bearish on SPCX due to lack of profitability and overvaluation, but a contrarian minority (and the “inverse this sub” meme) warns the bearish consensus may be wrong.
Other mentions: RDDT sudden drop (“murdered for no reason”), MSFT and AMZN weakness, semis as a potential sector beneficiary, but none with strong community agreement.
Score4
Comments37
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[+11] u/AltruisticOwl156: So Elon is now officially a trillionaire huh, I remember 20 years ago the word trillion was reserved for entire countries, then in 2018 it started being applied to companies, now it's being applied to individual people. What a turn of events.
[+7] u/desperato61: Thank god the ipo is today. So sick of hearing about SpaceX, cnbc will probably up the generic viagra commercials to keep their musk love going
[+7] u/AltruisticOwl156: I don't know much about what's going to happen today, but I know it's going to be fucking wild.
[+15] u/Original_Mango9316: For those unaware:
By floating only a tiny amount of shares (4-5%), SpaceX can establish and maintain an astronomical $1.75+ trillion valuation using only a small amount of actual market money.
If they tried to sell 50% of the company today, there wouldn't be enough cash in the market willing to pay that price, and the valuation would crash. The low float creates an illusion of infinite demand.
Why it's the ultimate exit liquidity, and quite frankly a masterplan that will screw retail investors:
Early private investors and employees who have held SpaceX stock for years want to cash out and become rich. The problem with cashing out billions of dollars is finding someone to buy all those shares. By forcing passive ETFs (like QUU, VTI, etc.) to buy mechanically at a price nobody would buy otherwise, SpaceX has created a guaranteed, price-insensitive buyer. Regular retail investors retirement funds become the exit liquidity that allows insiders to cash out at the absolute top.
[+14] u/SvV_Ying: Inverse this sub wins again. The amount of posts that today would be market collapse was insane.
[+14] u/EmpathyFabrication: It's probably good that the first trillionaire is such an insufferable piece of shit
[+11] u/EasyZcale: You're going to stay poor if you listen to Reddit if it involves Musk in anyway
[+10] u/Business-Status2714: I don't get the desire: Space X is not profitable and its current valuation is almost 3 times what experts say it should be worth. I wish you well but smells like a 2001 tech crash where all the new AI IPOS are concerned...especially if they are forcing 401Ks to buy in.
[+8] u/Reggio_Calabria: People who bought Space X at the top are already down -12% in less than a day
[+8] u/captainstrange94: RDDT just got murdered for no reason wow
[+8] u/FallAspenLeaves: All Breaking News now……how Elon is the first trillionaire. What a disgusting timeline this is……sigh
[+7] u/WickedSensitiveCrew: That Iran headline on CNBC made me lol
> [Trump admin: Iran deal signing likely in coming days, but not ’100%′ certain](https://www.cnbc.com/2026/06/12/iran-deal-trump-pakistan-sharif.html)
if it not 100% certain than why even say it lmao.
[+7] u/jnas_19: All your software money will go to pumping semis
[+7] u/Embarrassed-Sea-6078: I’m struggling between wanting SPCX to drop and crash and burn and wipe the smug smile off of EM versus wanting SPCX to rocket and moon and wild the smug smiles off of all the self-righteous Redditors
[+6] u/Ok_Willow_1006: What’s “fundamentals”?
[+5] u/atdharris: Saw MSFT was green in premarket and knew that wouldn't hold!
[+5] u/atdharris: Lol Amazon down another 3% today. Just a fucking brutal last few weeks
[+5] u/InvestigatorPlus3229: Don’t get spcx fomo, those insiders have plenty more shares to sell in the next five years and maybe forever
[+5] u/Choice_Potato_6279: SpaceX IPO buyers nicely in profit, reddit fudders embarassed as usual.
[+5] u/Xalksahsax: Microsoft with a forward P/E of 20.
[+5] u/FalconsBlewA283Lead: Got a few IPO shares to gamble with.
Normally just a buy and hold investor but I cant lie, this is a rush
[+5] u/zbern: The live stock graph of SPCX on CNBC is like watching someone play Flappy Bird, so much volume.
[+5] u/mrericvillalobos: Uneventful day. I was expecting party poppers and champagne today and all I got were dollar store party props and a punch bowl of warm soda.