SpaceX stock tumbles 23% from IPO high

Carl Mucha66

You mean to tell me, the IPO was rigged to reward the initial shareholders, and the Elon fanboys, who drove up the value got fucked? That's as crazy as a Tesla driving though a house and killing a woman watching Wheel of Fortune in her living room. The Wheel of Fortune stuff was probably made up

Filipe M.64

I'm surprised it took this long, tbh... I was expecting nothing more than a rug pull.

Hard Left - No Labels47

They had been warned ... Elon companies do not make profits, he profits by getting all sorts of federal money and makes it his ...

akai55555555.bsky.social37

Still way overvalued. I saw someone else say that the IPO was like paying $100,000,000 for a vending machine that makes $400/month. If we lived in a reasonable world, it'd be down 99.9% at least.

Dave Knadler20

As a non-SpaceX investor, this pleases me.

Bert in Colorado19

You mean he’s just a common billionaire? He must be so embarrassed.🙈

bluesmaster15

His stock is like his rockets - whole lotta flash, then liftoff, then..."was that supposed to go sideways like that?"

CtK14

Key here is average investors It’s like crypto investing A pyramid scheme

ANGEL - BadAss Resister7

It was a PR stunt. SpaceX isn't needed. Elon Musk has never been in a rocket yet convinced our Congress to give him billions to experiment. Humans can't live on Mars.

Down Beat7

yet, we are enrolled in the space junk lottery pick up my shit pesant.

JF 🇨🇦4

Lol, the trilionaire won't be one for too long.

countryfan93.bsky.social4

Anyone bought stocks in SCUMBAG Elon Musk Company is a FUCKING STUPID IDIOT

Lile3

They want to get rid of small investors. Every conglomerate is doing it. They call them “the spoilers”.

Hard Left - No Labels3

They were warned, they were the exit liquidity on this deal ...

Bob Gann3

I bet I know some of these stupid people. There is just no end to them being suckered out of their hard earned cash. 🙄

nanham.bsky.social3

Couldn’t happen to a better group of people.

Bratty Kat3

This pharmacy account on FB was pushing their followers to buy up Space X stock last week I warned ppl not to cuz Space X is just a govt funded investment scam. Dude was acting like I’m petty about Elon’s “Success” Anyway .. fucking crickets today I hope I got some to listen

Roisin 🌿3

Boycott all the billionaires. They could house the poor and feed the hungry, open new hospitals, and still have millions left. But they don’t!

effjepstein.bsky.social3

Draw your own conclusions about Muskrat's Washington contacts and Pentagon contracts. HINT: It's a straight line.

melting_in_vegas2

The only thing that got it going was these idiots rushing to buy. Take a metric ton of cow 💩 and apply the same purchasing power and guess what happens? People are just so gullible these days.

TheBossRoss 🧶2

"orchestrated" being the operative word here. This was never about SpaceX's real value but its owner's trillionaire obsession & investors' thrill. The stock market is a mix of gamblers & insider traders. Handelsblatt reported yesterday that a record no. now buy shares on credit. That's dangerous.

Rlynner2

You mean Elon and his pals suckered retail with the bag? Big shocker. Legit analysts at Morningstar say SPCX is worth $60.

Margo Channing2

I don't mean too be cruel --- forget that. Yes I do. Anyone who would invest in Musk deserves to lose everything.

GBsMimi💙📎🦋2

I love that for them

curmudgeon2

Don't worry they will get billions more of our tax dollars.

ErwinSchrodinger2

Still too high for a money losing company with nothing but sci fi fantasies to lay out a path to profitability. And the Trump gravy train that gives them most of their revenue has an expiry date.

cabanaboy.bsky.social2

It has a long long way to go Wait until the first quarterly report shows they lose money every quarter Even long term it’s unclear they can make profit on Space launches

Tom BunchOfNumbers2

it will go even lower

greenglassworm2

This is tragic. Retirement is more and more out of reach and you can guarantee people bet on this for that purpose. Elon can't lose. Everyone - literally everyone - else does. Fuck these people. Fuck oligarchy. Fuck stock market manipulation and fuck Musk.

grimmrad 🧬🎼🖼️🏛️2

So he is not a trillionaire anymore??

Meg2

Elon Musk & his bankers executed a securities fraud - it was obvious that there wouldn’t be enough shares (less than 5%) for the hyped-up demand, so he and the bankers made a fortune off of the public… Musk has one skill, and that is doing his PTBarnum routine to take money from the American people

Timeflies2

Im sure the insider trading has worked just great.

etsisusi.bsky.social2

i see where another of teslas' self driving cars smashed into a house & killed a woman.

GregSergienko2

My general rule on IPOs: if the insiders thought the company was really worth its sale price, they wouldn't sell it.

kellykellygirl.bsky.social2

Most of the tech stocks IPO go up day one and two then slide back to original price or lower from there.

Big Steve (BP)2

Wait until the next rocket blows up on the pad.

Hey Jude!3

Should be the other way around: Average investor sees gains wiped out as SpaceX stock plunges 23%. Are there no editors anymore?

Alexa Hawaii2

Yes, it was predicted …

Denali FOREVER 🎨🖌🐈‍⬛2

If the EV auto "genius" has his cars blow up and the rocket genius has his rockets blow up, pretty sure this is predictably on brand for the "genius". I do think the stock market manipulation doesn't make you anything but an opportunist grifter.