For the sake of clarity, it's well above its historic IPO price, but near or slightly below where it began trading that day once it officially opened.
SpaceX Drops 14% in One Day, Price Now Below IPO Launch
11–20 of 68 posts
Re: SpaceX Drops 14% in One Day, Price Now Below IPO Launch
#12QUOD ERAT DEMONSTRANDUM
AD TERRAM!
Re: SpaceX Drops 14% in One Day, Price Now Below IPO Launch
#13Earlier quoted context omitted.
Do 401k's know about pump-and-dump, but think they can time it to make profit? Or are 401ks "bound" to buy stocks? It feels like a lot of retail buyers know the emperor is naked, but are still acting on greed, thinking they can "catch the falling knife" and time the market departure to profit from the hype...
A lot of them are heavily invested in index funds that added SpaceX at IPO due to market cap.
The big indexes have a cooldown period before buying, which these scam artists attempted to radically shorten before the IPO, but they failed (at least partially). The S&P500, for example, will delay a year before adding it to the index. Nasdaq 100 was talked into reducing it to 15 days, so you might want to get out of the Nasdaq 100.
Re: SpaceX Drops 14% in One Day, Price Now Below IPO Launch
#14pump and dump scheme, but your 401k bought some.
They didn't even start on the dump part yet. Only initial 5% of the shares are trading so far.
Re: SpaceX Drops 14% in One Day, Price Now Below IPO Launch
#15pump and dump scheme, but your 401k bought some.
Do 401k's know about pump-and-dump, but think they can time it to make profit? Or are 401ks "bound" to buy stocks? It feels like a lot of retail buyers know the emperor is naked, but are still acting on greed, thinking they can "catch the falling knife" and time the market departure to profit from the hype...
I think it's much simpler. A lot of funds are tied to things like the NASDAQ-100, which SpaceX figured out how to get fast-tracked for. Once it's officially on the NASDAQ-100, stuff like QQQ has to buy it, whether or not people like the idea of it.
Of course active investors could do something like short Space X by exactly the amount that their funds have to more or less "cancel out" their investment, but most people aren't active investors.
Re: SpaceX Drops 14% in One Day, Price Now Below IPO Launch
#16[dead]
Re: SpaceX Drops 14% in One Day, Price Now Below IPO Launch
#17-16.5% at the moment... Is the market reacting to the $20B bond offering news?
https://www.bloomberg.com/news/articles/2026-06-22/spacex-ki...
Re: SpaceX Drops 14% in One Day, Price Now Below IPO Launch
#18pump and dump scheme, but your 401k bought some.
One thing I learned recently is that Vanguard Total Stock Market Index (VTI) is float-weighted. That means that SpaceX's percentage in the index is based on the value of the floating shares, not the total market cap. As a result, a fund like VTI, for now, doesn't have that much SpaceX. It will add more as the lockup periods expire and the float increases, but increasing float might also drive down the price.
Re: SpaceX Drops 14% in One Day, Price Now Below IPO Launch
#19The IPO price for SpaceX was _delusional_. The price now is delusional. Especially since it's so dependent on the US government for revenue and he's done everything possible to irritate the party that's about to take over the federal budget.
It was insane to me that a company that had less than thirty-billion in revenue was valued at more than a trillion. I'm not sure how the People in Charge didn't call bullshit.
Re: SpaceX Drops 14% in One Day, Price Now Below IPO Launch
#20Let's grab some popcorn.
- Price/Sales about 128x (NVIDIA had a peak of a 40x at its peak)
- Bought Twitter per 44 billions. Inflated its valuation to $250 billion just by integrating it into X.AI
- EnterpriseValue/EBITDA about 219x (30x for scaleup business) and negative Price-to-Earnings
- Low free-float trick (minimal public shares available)
Even the market efficiency hypothesis struggles to justify it