{"id":94515,"date":"2026-08-03T07:26:45","date_gmt":"2026-08-03T06:26:45","guid":{"rendered":"https:\/\/www.taxresearch.org.uk\/Blog\/?p=94515"},"modified":"2026-08-03T07:26:45","modified_gmt":"2026-08-03T06:26:45","slug":"the-madness-of-spacex","status":"publish","type":"post","link":"https:\/\/www.taxresearch.org.uk\/Blog\/2026\/08\/03\/the-madness-of-spacex\/","title":{"rendered":"The madness of SpaceX"},"content":{"rendered":"<p>Do you remember all the hype about the SpaceX share offering and how maybe 100,000 people in the UK struggled to buy shares on launch day?<\/p>\n<p>I suspect they are regretting their enthusiasm now. This was the weekend chart of its share price:<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-large wp-image-94516\" src=\"https:\/\/www.taxresearch.org.uk\/Blog\/wp-content\/uploads\/2026\/08\/Screenshot-2026-08-02-at-19.25.40-550x428.png\" alt=\"\" width=\"550\" height=\"428\" srcset=\"https:\/\/www.taxresearch.org.uk\/Blog\/wp-content\/uploads\/2026\/08\/Screenshot-2026-08-02-at-19.25.40-550x428.png 550w, https:\/\/www.taxresearch.org.uk\/Blog\/wp-content\/uploads\/2026\/08\/Screenshot-2026-08-02-at-19.25.40-386x300.png 386w, https:\/\/www.taxresearch.org.uk\/Blog\/wp-content\/uploads\/2026\/08\/Screenshot-2026-08-02-at-19.25.40-768x598.png 768w, https:\/\/www.taxresearch.org.uk\/Blog\/wp-content\/uploads\/2026\/08\/Screenshot-2026-08-02-at-19.25.40-514x400.png 514w, https:\/\/www.taxresearch.org.uk\/Blog\/wp-content\/uploads\/2026\/08\/Screenshot-2026-08-02-at-19.25.40.png 1370w\" sizes=\"auto, (max-width: 550px) 100vw, 550px\" \/><\/p>\n<p>The share price is now down by almost one-third since its launch, only a matter of weeks ago. And that downward trend looks to be unvarying.<\/p>\n<p>Hype should not be the basis for investment. Meanwhile, large numbers of people in index-tracking funds have been exposed to this madness.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Do you remember all the hype about the SpaceX share offering and how maybe 100,000 people in the UK struggled to buy shares on launch<br \/><a class=\"moretag\" href=\"https:\/\/www.taxresearch.org.uk\/Blog\/2026\/08\/03\/the-madness-of-spacex\/\"><em> Read the full article&#8230;<\/em><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[136,35,224],"tags":[],"class_list":["post-94515","post","type-post","status-publish","format-standard","hentry","category-city-of-london","category-economics","category-neoliberalism"],"_links":{"self":[{"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/posts\/94515","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/comments?post=94515"}],"version-history":[{"count":2,"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/posts\/94515\/revisions"}],"predecessor-version":[{"id":94527,"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/posts\/94515\/revisions\/94527"}],"wp:attachment":[{"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/media?parent=94515"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/categories?post=94515"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/tags?post=94515"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}