“Shocking nobody” I would add… This is an obvious Musk scam and anyone with financial knowledge called it as such ever since it’s been on the table. Why else lobby and change the NASDAQ listing rules for instance?
SpaceX stock erases all its gains and slides below IPO price in intraday trading
41–50 of 302 posts
Re: SpaceX stock erases all its gains and slides below IPO price in intraday trading
#42Earlier quoted context omitted.
There is no should or should not. Look at the financials and the price, and you as an individual get to determine if it's worth buying (or selling).
What do you mean by this? The person you responded to never used the words "should" or "should not", and then you basically repeated what they said using more neutral words... What is so controversial about saying that SpaceX seems overpriced?
His point is that sellers can do whatever suits their interests best, they don't have a duty to pick a fair price. And that it's on the buyer to decide whether to accept it or reject the price.
Re: SpaceX stock erases all its gains and slides below IPO price in intraday trading
#43The IPO was meant for the VCs to cash out as all fundamentals were completely irrational, but seems like no one cares about cash flow and profitability anymore during QE times. Dumb money will keep being dumb I guess
Is it possible that people who don't care about short term profitability but still want a strategic ownership of the company bought at a high price on IPO day and now that the day traders are in, speculation will readjust the price to short term values? The change of price just reflect the different buyer profiles. SpaceX is a pretty important company not just for "the market" but also for many other things (see Russ…
Buying at a high price just gives money to the early investors, the company itself doesn't get richer unless they're doing a raising capital round, but after an IPO you're just giving liquidity (+ profit) to early investors.
If you wait till the price comes down to its natural level, you'll be able to buy more of the company for less money.
Re: SpaceX stock erases all its gains and slides below IPO price in intraday trading
#44I always wonder why not more companies are using more creative approaches like Google's Dutch auction to set their IPO price.
It seems direct listings gained some popularity but overall most companies seem to rely on the traditional underwriter model.
According to [0] -
> 22 companies went public on major exchanges using IPO auctions in the U.S. between 1999-2008, but there have been none since then, as of May 2025. Starting in 2018 when Spotify went public, there have been at least 20 companies that have gone public using a direct listing. With both IPO auctions and direct listings, underwriters do not have discretion to allocate shares to their preferred clients.
Re: SpaceX stock erases all its gains and slides below IPO price in intraday trading
#45The IPO was meant for the VCs to cash out as all fundamentals were completely irrational, but seems like no one cares about cash flow and profitability anymore during QE times. Dumb money will keep being dumb I guess
Is it possible that people who don't care about short term profitability but still want a strategic ownership of the company bought at a high price on IPO day and now that the day traders are in, speculation will readjust the price to short term values? The change of price just reflect the different buyer profiles. SpaceX is a pretty important company not just for "the market" but also for many other things (see Russ…
But why would you want to buy a company where the valuation reflects an extremely optimistic outcome already? Basically you are assuming obscene growth from SpaceX in AI, datacenters, rocket launches etc just to for the stock to go nowhere. The market cap was over 2T!
When you buy equities, if the company turns out shockingly successful beyond most peoples probable expectations you dont simply want your investment to just stay flat, you want to make multiples of your money. In order to do this, you simply cant start from a 2T marketcap. No company worth 2T can make you 100x your money or even 10x or 5x your money in a reasonable amount of time given the overall size of the economy.
Re: SpaceX stock erases all its gains and slides below IPO price in intraday trading
#46Anyone buying IPO for short term gain would have exited at initial spike, others (like me got in at allocation price) will be holding for a decade or two so this is noise, expected not sure why it posted here, do we post every tech stock intra day price move
Re: SpaceX stock erases all its gains and slides below IPO price in intraday trading
#47I always wonder why not more companies are using more creative approaches like Google's Dutch auction to set their IPO price. It seems direct listings gained some popularity but overall most companies seem to rely on the traditional underwriter model. According to [0] - > 22 companies went public on major exchanges using IPO auctions in the U.S. between 1999-2008, but there have been none since then, as of May 2025.…
thats been replaced with spac deals
also: can't pump the ipo and get exit liquidity for vc through a dutch auction
Re: SpaceX stock erases all its gains and slides below IPO price in intraday trading
#48“Shocking nobody” I would add… This is an obvious Musk scam and anyone with financial knowledge called it as such ever since it’s been on the table. Why else lobby and change the NASDAQ listing rules for instance?
It really showed which financial commentators should be ignored. Hearing some of them speak was just painful.
Re: SpaceX stock erases all its gains and slides below IPO price in intraday trading
#49I’m really tempted to buy a chunk right now lol
Me too, and not for any rational reason or because I value my money or my investing strategies, but simply because I have a high risk tolerance, and it seems like these days that’s all you need to make money.
No real skill, no real research. Just ride the hype train, shrug if you lose, and never gloat when you win. Simply take the profit, stfu, and buy a Porsche or some RAM.
Re: SpaceX stock erases all its gains and slides below IPO price in intraday trading
#50I always wonder why not more companies are using more creative approaches like Google's Dutch auction to set their IPO price. It seems direct listings gained some popularity but overall most companies seem to rely on the traditional underwriter model. According to [0] - > 22 companies went public on major exchanges using IPO auctions in the U.S. between 1999-2008, but there have been none since then, as of May 2025.…
When banks, pension funds and other institutional investors are fighting to outbid each other to get a slice of your IPO why would you care about finding an accurate value and being "fair"? Whether the price goes up and down post IPO isn't really the company's concern. They already have the cash.