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stermy4u@lemmy.world to Technology@lemmy.worldEnglish · 4 days 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

townflex.com

stermy4u@lemmy.world to Technology@lemmy.worldEnglish · 4 days 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.
  • NM_Gringo@lemmy.world
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    3 days 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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      3 days ago

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

      • Art3mis@lemmy.blahaj.zone
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        3 days ago

        Im pretty sure that is what they are implying

        • MyVeryRealName@lemmy.world
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          1 day ago

          Well then, SpaceX did them no favour because they would’ve profited off their NASDAQ fund investment if not for them.

          • Art3mis@lemmy.blahaj.zone
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            1 day ago

            No… as they said, they had already sold. If spacex never joined or they sold later, they wouldve lost money

            • MyVeryRealName@lemmy.world
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              13 hours ago

              I assumed that they dumped their NASDAQ fund because it was about to carry SpaceX.

              • Art3mis@lemmy.blahaj.zone
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                10 hours ago

                I dumped mine because of the war. Missing the spacex slump was just a plus

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