Alphabet holds approximately 551 million shares of SpaceX (trading under the ticker SPCX), valued at roughly $94.1 billion, which represents about a 4% to 6% stake in the company.
why would they sell? because of ridiculously large the valuation is? like, I guess at SpaceX's valuation there's tremendous downside and little upside (x2 growth is unlikely when it's a third of the tech sector)
This. China's copying SpaceX's homework and the public/private system towards that is operating so efficiently, if SpaceX lets off the gas, US is going to fall behind off the next long term gold rushes like asteroid mining, and said space datacenters.
They invested $900 million[1] in 2015, and it is worth $94.1 billion today. Why sell? They also likely have restrictions on selling post-IPO, but I don't think you can trigger a "bank run" on a stock anyway; the price will just keep adjusting as you sell/buy until it gets absurd.
A bank run happens when everyone tries to withdraw all their money at the same time and the bank runs out of cash. Not really possible in the stock market where companies literally can create/destroy shares and there is a whole secondary pricing layer to it.
"A bank run happens when everyone tries to withdraw all their money at the same time and the bank runs out of cash. Not really possible in the stock market where companies literally can create/destroy shares and there is a whole secondary pricing layer to it." Sure, it's not possible for stocks to become insolvent in the same way, but if a large shareholder sells it could trigger a panic and greatly decrease the price.
Chinese and Russian intel agencies can set up American shell corporations and buy all of our personal data....but using a model to secure my customer? Well...no...you can't have that.
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