2 hours ago · Culture · 0 comments

Hi! I'm Bret Rhett Chet, here to tell you why you should buy and hodl SpaceX stonk. For a mere $135/share, you get pro forma tangible book value of $7.85/share, an immediate 94% dilution. New investors are putting up 48% of all capital ever invested in SpaceX in exchange for 4.2% of the shares. /1[image or embed]— Max Kennerly (@maxkennerly.bsky.social) June 10, 2026 at 6:16 AM Wednesday, July 26, 2017 "A company for carrying on an undertaking of great advantage, but nobody to know what it is." Another excerpt from Charles Mackay's Extraordinary Popular Delusions and the Madness of Crowds. I believe "a company for carrying on an undertaking of great advantage, but nobody to know what it is" was an initial business plan for Groupon. Some of these schemes were plausible enough, and, had they been undertaken at a time when the public mind was unexcited, might have been pursued with advantage to all concerned. But they were established merely with the view of raising the shares in the…

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