SpaceX stock erases all its gains and slides below IPO price in intraday trading

Post by cucumber3732842 » Thu, Jul 16, 2026, 1:28 PM UTC

hodder wrote: post #45

skywal_l wrote: post #37

Earlier quoted context omitted.

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…

Post by colechristensen » Thu, Jul 16, 2026, 1:29 PM UTC

infecto wrote: post #60

ornornor wrote: post #41

“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…

Post by epistasis » Thu, Jul 16, 2026, 1:30 PM UTC

infecto wrote: post #60

ornornor wrote: post #41

“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…

Post by [deleted] » Thu, Jul 16, 2026, 1:30 PM UTC

infecto wrote: post #60

ornornor wrote: post #41

“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…

Post by criley2 » Thu, Jul 16, 2026, 1:31 PM UTC

chasd00 wrote: post #73

ornornor wrote: post #41

“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?

Not a scam IMO, I don’t think musk is that motivated by wealth but im sure plenty of the heavy hitter investors are. I’m sure he didn’t complain about the valuation however. I think SpaceX is a solid well run company (praise be to Gwen Shotwel) but $1T is a bit much. I’ll eventually buy in when things settle down and we have a few quarters of financial data to work with.