745
SpaceX stock drops to a new low and loses $1 trillion in value in a month
(www.businessinsider.com)
to the core!
this post was submitted on 18 Jul 2026
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So I have a question, for the people that want these stocks taxed at market value. What happens in this situation? Would the company and Elon get a refund from the government?
Would the company and Elon get a refund from the government?
These shares were issued at the rate of dollars. Nobody selling their shares at IPO lost money.
After that, for the poor fools at EchoStar who took a very late position just before IPO at $212/share? They've always been entitled to write off shares at a loss.
You don't get a refund per say, but you do get tax loss carryover. So, if you lost $1M last year and you made $1M this year, you can tell the IRS that it's a push and you earned nothing.
I think you have a free concepts incorrect. You can't write off the lose unless you sell, and you are capped at 3k a year loss write-off as an individual.
Also elon hasn't sold any shares so this isn't relevant to him. I'm taking about other that want Elon to pay taxes on unrealized gains. What do you do in a situation were he paid taxes on unrealized gains and the stock losses value. Do you get a refund?
You can’t write off the lose unless you sell, and you are capped at 3k a year loss write-off as an individual.
You are taxed on your realized gains, absolutely. You can only write a maximum of $3k in losses off your total wages + investments income. But that's net losses. So, if you report a $50,000 gain and a $40,000 loss off two transactions in a year, you report a net $10,000 realized gain for the year as Schedule B (investment) income.
In the reverse scenario ($50k loss, $40k gain), you could deduct $3k from your wage income and start the following year with a $7k loss.
In an extreme example - $50M loss - you can spend the rest of your life writing down against it. This creates an incentive to overstate the value of property when you are writing it down in bankruptcy (a popular maneuver among the Trump clan).
I get all that but that didn't answer my question.
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hmm
So he's a minusaire now?
It’s going to keep dropping as original owners sell. I’m thinking it drops to 80 until it holds and sky rockets over the next few years
Why would it go up? In the next few years they will be even more years behind on the Mars mission they were going to be launching almost a decade ago at this point.
I live near vandenburg Air Force base. They launch satellites all the time. They will make money
Guys, can we please to giving that our attention? That thing will go down, up, down, up, down, down, up, up, up and down. We do we talk and write about it? Ignore it...
Why are we making the mistake again and again to give assholes attention?