Just 10 days after the company’s blockbuster IPO, buyers of its initial public shares are in the red.
Shares of Elon Musk’s SpaceX tech conglomerate plunged 16% Monday to close below their price on June 12, the date of the company’s massive initial public offering.
It was its third-straight trading day of declines for a company that just 10 days ago orchestrated the largest IPO ever.
At Monday’s closing price of $154.60, the average investor who bought SpaceX shares on the open market after its debut has now seen most of their gains disappear, market data shows.
$154.60 is still massively inflated from what the actual value should be.
Which is somewhere near $20
Assuming they stop bleeding money.
Haha that’s still to much. The value is based on XAI hype, and XAI is really next to worthless. They are doing everything after everybody else did it, and then they do it worse. It’s so bad they have no customers, and instead sell their server capacity to other AI companies. And the value of that will diminish fast, as better and cheaper hardware is developed.
Just wait until the nesting shares expire. It will crater.
see virgin galactic chart lol
Wow that is only worth 3 ‰ of what it was 5 years ago. 🤣🤣🤣
Most of spacex is privately owned, there is much more demand than real supply of the stock so it’s overvalued. As more former SpaceX employees current private investors and short term investors sell the price will slowly go down.
Oh… who could’ve possibly seen that coming?!
People bought a space stock and found out it was just so Elon could pay off the loans he took out to buy Twitter
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This is the biggest IPO in history. Would not surprise me.
lmao. literally everyone that explicitly bought this stock to ride the wave deserves this. everyone who’s 401k os tethered to this stock doesn’t.
Oh no, how terrible for them.
I super duperydo hope the people that supported the Nazi trillionaire Elon Skum get their money back!!!The overwhelming majority of individuals in the US with 401ks were forced to buy SpaceX stocks through target date funds, mutual funds, and indexes, because 8 different funds have >10% of their entire stock as SpaceX, and 4 of those have >20% of their stock as SpaceX. This was all a fucking grift and Americans who have done what they were supposed to by saving will pay the price. Fuck Elon Musk sideways, I will pop a bottle of champange when he dies and celebrate it as a yearly holiday.
Yeah, I too will buy and pop a bottle of champagne if Elon muskrat dies
Pretty sure that date to buy has not happened yet. It wasnt a day 1 thing, it was something like inclusion after 15 days.
People are trying to front run it, to make profit when it happens.
Edit
https://finance.yahoo.com/markets/stocks/articles/spcx-etfs-index-funds-buy-050100941.html
Hasn’t happened yet.
Joke’s on them, I can’t afford to save for retirement
Who could have seen that coming?
Put options have been printing nicely.
It was a grift? gasp
Yeah, as soon as Vanguard had to buy this shit it started crashing. It will probably go up by the time QQQ buys in.
That’s OK people buying stock in a near worthless company should have expected this.
I mean, Tesla has a ridiculous P/E ratio, but seems to make some money (even if propped up by government policy here to keep competitors at bay and so on). If you look up SpaceX P/E ratio, you will get a good lolz:
https://www.financecharts.com/stocks/SPCX/value/pe-ratio
The pe ratio for Space Exploration Technologies (SPCX) stock is -560.61 as of Thursday, June 18 2026. A negative value means this company has been losing money. The pe ratio is not a useful metric when the company is not profitable. The p/e ratio is calculated by taking the latest closing price and dividing it by the diluted eps for the past 12 months.
People are talking about SpaceX buying Tesla? Anyone reminded of AOL buying Time Warner?
Anyone reminded of AOL buying Time Warner?
I remember xAI merging with Twitter. Does that count?
https://www.linkedin.com/pulse/aol-x-time-warner-worst-merger-business-history-parth-zala-seyhf
AOL was treated like a superstar during the dot-com boom with almost $8 billion in revenue, $2 billion in operating profit, and a $200 billion valuation built mostly on hype and dial-up subscriptions.
Time Warner, on the other hand, was the real giant - more than three times the revenue, strong cash flows, CNN, HBO, Warner Bros., and decades of tangible media assets.
And yet… AOL used its inflated stock to buy Time Warner. The stronger, more profitable company ended up with just 45% of the combined entity, while AOL (with barely any hard assets) took control.
Lol, I bought myself some puts and shorts on spacex
