They are looting your life savings

They are looting your life savings(social.bau-ha.us)

25 points by ColinWright 26 days ago | 15 comments

impure 25 days ago |

They’d have to keep this up for 12 months which is not guaranteed as you have to factor in hardware depreciation and other costs. Also they’d have to issue more shares to get over the liquidity requirement. And looting may be too strong of a word. They are nudging your returns down a little bit. Although SpaceX could go up too, crazier things have happened.

pjjpo 25 days ago | |

Yeah, while the world is mostly clickbait at this point, "magically makes them eligible for inclusion in the S&P500" is probably some of the best (i.e. worst).

instagib 26 days ago |

BS until 2027 at the earliest.

“Now, SpaceX and other megacap companies like Anthropic and OpenAI will have to wait at least 12 months after their IPOs to join the S&P 500.”

https://finance.yahoo.com/markets/stocks/articles/vti-vs-voo...

phewfewphew 25 days ago | |

Phew! I was worried the circular funding of a company that owns a significant portion of SpaceX buying compute from them in order to make SpaceX suddenly profitable enough to enter the S&P 500 in 2027 was something to worry about, but luckily we have the cool heads behind instagib to enlighten us all.

https://news.ycombinator.com/item?id=48424983

ColinWright 26 days ago |

Suffering the HN Hug of Death.

Text reads:

And just like that—surprise!—one AI company bails out another AI company's grift. Google agreeing to rent compute from xAI (cough, "SpaceX") magically makes them eligible for inclusion in the S&P500.

Americans, they are looting your life savings, the ones you earned through labour that they are gleefully replacing. Your descendants will never have the chance you had.

-- https://techcrunch.com/2026/06/05/google-will-pay-spacex-920...

rvz 26 days ago | |

> And just like that—surprise!—one AI company bails out another AI company's grift.

This is obvious as Google is also an investor in SpaceX (and Anthropic) but this time Google is directly involved and can afford to fund them both.

The losers are the employees being laid off with their salaries and RSUs being used to fund the data centers.

colordrops 26 days ago |

404

mayneack 26 days ago | |

> And just like that—surprise!—one AI company bails out another AI company's grift. Google agreeing to rent compute from xAI (cough, "SpaceX") magically makes them eligible for inclusion in the S&P500.

> Americans, they are looting your life savings, the ones you earned through labour that they are gleefully replacing. Your descendants will never have the chance you had.

> https://techcrunch.com/2026/06/05/google-will-pay-spacex-920...

ColinWright 26 days ago | |

HN Hug of Death ...

Bender 26 days ago | | |

What is the Mastodon instance running on? Just curious. Never stood one up before.

jleyank 26 days ago |

If you have options in your retirement accounts, convert to foreign ETF’s, world markets mutual funds or us debt. Get you of things like nasdaq or s&p 500 unless you like the top companies. If you can get the r3k (smaller stock) mutual funds try that.

Worst case, look into inflation proof assets or very short term debt via bank accounts.

toomuchtodo 26 days ago | |

VXUS for foreign equities, SGOV for short term cash equivalent, commodities for an inflation hedge.

Not investing advice.