Elon hold 82% voting power… retail investor just eat kosong prata, no say one
@Shernice軒嬣 2000:
Waaaay overvalue lah bro and sis 👍👍👍 $Space Exploration Technologies Corp(SPCX)$ This SpaceX IPO around $1.77 trillion valuation, $135 per share… looks like full-on hype rocket already. Price-to-sales 94x on 2025 revenue, really gone case kind of level already. Q1 2026 still bleeding also — about $4.27 billion net loss somemore. Not even pure space company anymore lah, now become mixed bag — SpaceX plus Elon side quests like xAI and X all bundled in. But public still pay premium like sure win, when actually still burning cash. Governance also no power one — Elon still hold like 82.4% voting control via dual-class shares. Retail investors basically just sit inside the rocket, cannot touch steering wheel. Only 5% float also very “engineered”