Mid-August there’s a shareholder unlock of 20%, we haven’t seen the dip yet.
only if other investors "catch" it...
SpaceX stock erases all its gains and slides below IPO price in intraday trading
51–60 of 302 posts
Re: SpaceX stock erases all its gains and slides below IPO price in intraday trading
#52The sheer scale of global fiber optic, 5G, and FWA deployments is rapid enough along with middle distillates (jet fuel) getting rekt.
Something like 100k flights cancelled. Upgrading the planes to have starlink is onerous, high idle/offline time, and capital intensive.
The total potential market for Starlink shrinks by at least a few hundred thousand people each week.
Re: SpaceX stock erases all its gains and slides below IPO price in intraday trading
#53SpaceX blasting up and dropping right back where it started feels appropos.
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Re: SpaceX stock erases all its gains and slides below IPO price in intraday trading
#54The 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
No one can care about fundamentals in QE times. If you stay out of the market just because nothing there is valuable, you will lose your money to the hidden inflation and won't be able to buy anything there when you want in.
In normal inflation you can at least buy commodities. But the US economy is organized in a way that will concentrate the money on stocks, not commodities.
Re: SpaceX stock erases all its gains and slides below IPO price in intraday trading
#55SpaceX blasting up and dropping right back where it started feels appropos.
It landed back where it started.
Seems very appropos.
Re: SpaceX stock erases all its gains and slides below IPO price in intraday trading
#56[dead]
Re: SpaceX stock erases all its gains and slides below IPO price in intraday trading
#57Right on time for https://arstechnica.com/space/2026/07/how-hard-is-it-to-buil...
Re: SpaceX stock erases all its gains and slides below IPO price in intraday trading
#58Earlier quoted context omitted.
That is to be expected with any high profile IPO.
No this was anomalous for an IPO. People were limited to something like 10 shares that they had to pre-order like they were special order trading cards with an order cap as direct recipients of the initial shares. Usually the public starts buying IPOs in open market operations on the secondary market, which removes some of the shiny and "limited" factor.
> No this was anomalous for an IPO. People were limited to something like 10 shares that they had to pre-order like they were special order trading cards with an order cap as direct recipients of the initial shares.
It all depends on your broker. My Australian broker gave everyone ~40% of their request and refunded the rest (typical Australian practice for IPOs). An American friend put in for >20x as much as I did with his US broker, they gave him nothing and refunded the full amount.
Re: SpaceX stock erases all its gains and slides below IPO price in intraday trading
#59Earlier quoted context omitted.
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.
Duh? That point was actually implied by my initial comment.
Nobody said anything about fairness or duty.
My point was that if the seller is trying to maximize its self-interest by maximizing the IPO price, leaving no room for growth after IPO, then buyers probably want to take a pass at that price.
Re: SpaceX stock erases all its gains and slides below IPO price in intraday trading
#60“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?
I don’t think scam is the right word. The valuation and bank price targets are absolutely insane. I myself could never invest at those multiples. I think they absolutely have governance problems but at the same time I have to admit he is a great financial engineer.
Investors who do have conviction here most likely see this as the platform vehicle for everything else coming through the pipeline. Again I could not buy into that but I think it’s a far cry from a scam.