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stermy4u@lemmy.world to Technology@lemmy.worldEnglish · 21 hours ago

SpaceX Stock Plummets Below IPO Price as $1 Trillion Vanishes

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SpaceX Stock Plummets Below IPO Price as $1 Trillion Vanishes

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stermy4u@lemmy.world to Technology@lemmy.worldEnglish · 21 hours ago
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SpaceX shares crashed below the $135 IPO price, wiping out $1 trillion since June. A scrubbed Starship launch and upcoming investor lockups triggered the selloff.
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  • 😈MedicPig🐷BabySaver😈@lemmy.world
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    3 hours ago

    Good. Choke on it, Elon.

    Musk = POS Nazi.

  • Gammelfisch@lemmy.world
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    3 hours ago

    Shame the SEC will not stomp on the neo-Nazi.

  • SaveTheTuaHawk@lemmy.ca
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    5 hours ago

    The world’s first ex-trillionaire. Back to tres commas for you.

  • HugeNerd@lemmy.ca
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    6 hours ago

    Musk is the world’s first zeronaire.

  • GutterRat42@lemmy.world
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    8 hours ago

    I knew I should have shorted it 😭

    • UnderpantsWeevil@lemmy.world
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      6 hours ago

      The market can stay irrational longer than you can stay solvent.

      The stock hit $123 on Friday. It’s still got a $1.6T market cap. I have no idea where they got that headline from.

      • Alexstarfire@lemmy.world
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        6 hours ago

        Because the high was just over $200. They are talking from its peak.

  • NM_Gringo@lemmy.world
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    9 hours ago

    In a way SpaceX did me a favor. I dumped my NASDAQ composite fund before they started carrying SpaceX. It’s been on a downward trend ever since.

    • MyVeryRealName@lemmy.world
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      9 hours ago

      Maybe it’s been on a downward trend because of SpaceX?

      • Art3mis@lemmy.blahaj.zone
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        5 hours ago

        Im pretty sure that is what they are implying

  • psycho_driver@lemmy.world
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    11 hours ago

    Not to worry I’m sure the trillion was mostly just from pleb 401ks.

  • FlashMobOfOne@lemmy.world
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    5 hours ago

    If you bought, just hold. Can’t time something this wild.

    • ChickenLadyLovesLife@lemmy.world
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      4 hours ago

      If you’re dumb enough to have been dumb, keep being dumb.

      • FlashMobOfOne@lemmy.world
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        3 hours ago

        I agree that it was dumb for people to buy SpaceX, especially with the lack of any voting power.

        That said, it’s dumber to sell stock when it’s down.

  • Diplomjodler@lemmy.world
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    14 hours ago

    Who could possibly have foreseen this! It’s an utter mystery!

  • Chivera@lemmy.world
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    11 hours ago

    1 trillion to go!

  • ThePowerOfGeek@lemmy.world
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    18 hours ago

    Wonderful. Keep going!

  • Crackhappy@lemmy.world
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    14 hours ago

    Damnation. I only made $20k from the downturn.

    • Regrettable_incident@lemmy.world
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      13 hours ago

      I mean, it might drop further, there’s probably going to be a bunch of automated panic selling.

  • melsaskca@lemmy.ca
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    12 hours ago

    Those are just internet/market speculation numbers, not of any real value. He’s no trillionaire, but his buddies own all the media so he gets the platforms and news cycles to say he’s a trillionaire. I’m a little pissed at George Orwell for giving them all of those ideas.

  • Kokesh@lemmy.world
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    17 hours ago

    I hope they go to hell

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