June 4, 2026
To the moon… or to the bagholders?
The SpaceX IPO Will Be the Theft of the Century
Critics scream ‘cash grab’ while commenters roast the doom prophet and plot the flip
TLDR: The article claims a future SpaceX stock market debut could let insiders cash out before everyday investors realize the hype may be bigger than the business. Commenters immediately turned it into a brawl, split between calling it a warning about a giant money grab and joking that the author’s doom call is the strongest possible reason to buy.
A spicy anti-SpaceX essay lit the match, but the real fireworks were in the comments. The article argues that when SpaceX finally goes public, ordinary investors could end up buying into a dream built on promises that may never fully arrive — especially if the company’s giant Starship rocket doesn’t deliver what fans have been promised. The author paints a dark picture: insiders cash out, index funds pile in, and regular people get left holding the bag.
But the community was absolutely not ready to nod along politely. One side treated the piece like a five-alarm warning siren, echoing its line about an “S-1 full of fantasies” and saying the setup looks tailor-made for small investors to get burned. The other side went straight for the author’s credibility, dragging up his old anti-Tesla reputation and basically saying: if this guy hates it, buy immediately. Yes, really — one commenter all but turned the article into a bullish signal.
The funniest dunk came from people mocking the idea that SpaceX is a “spectacular failure” while it’s still putting huge amounts of payload into space. “Yoikes,” one commenter sniped, in the internet’s favorite tone of fake concern. Then came the galaxy-brain trader take: if index funds will eventually be forced to buy, maybe the move is to buy first and sell into the frenzy later. So the comments split into two camps: scam of the century versus thanks for the buy signal — with everyone else bringing popcorn.
Key Points
- •The article argues that SpaceX’s business case depends heavily on a future, more capable version of Starship than has yet been demonstrated.
- •It says Starship is necessary for multiple SpaceX goals, including V3 Starlink deployment, reusable low-cost launches, orbital data centers, NASA Artemis obligations, and future Moon/Mars markets.
- •The article states Starlink satellites orbit at about 300 miles above Earth, while the highest Starship has reached is 121 miles, and it cites a recent Version 3 launch that lost both booster and upper stage.
- •The piece cites external sources questioning orbital data centers, cryogenic propellant transfer for Artemis III, and xAI-related assumptions involving Grok, Cursor, Anthropic, Colossus, and Colossus II.
- •The article contends that rule changes by Nasdaq, the S&P 500, and FTSE Russell could help existing private investors sell SpaceX shares profitably to public and index-fund investors after an IPO.