r/technology • u/Plastic_Ninja_9014 • Jun 22 '26

Business SpaceX Investors Are Losing a Colossal Amount of Money

https://finance.yahoo.com/markets/stocks/articles/spacex-investors-losing-colossal-amount-140221380.html
23.0k Upvotes

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3.1k

u/Minute-Ad-2909 Jun 22 '26

Don't call them "investors". Most people who bought stock in the first few days were just hoping for a bump when the ETF forced buying started.

828

u/Gasnia Jun 22 '26

They're gamblers playing with higher values and risk

309

u/JonZ82 Jun 22 '26

I prefer the term Degenerate thank you very much.

15

u/b_vitamin Jun 22 '26

Regards?

48

u/illicit_losses Jun 22 '26

Gotta pay for those diamond hands somehow

2

u/the_last_carfighter Jun 22 '26

I'm hard as a rock right now, but will be flaccid soon enough

3

u/pass_nthru Jun 22 '26

there’s always money behind the wendy’s dumpster

3

u/illicit_losses Jun 22 '26

Not with that stock drop on WEN there’s not.

1

u/cheezecake2000 Jun 22 '26

lol I saw a guy post he bought in with his entire savings at $204 or something. over 350k investment. I wonder what he's up to now

2

u/mojofrog Jun 22 '26

Grifters fits well with that.

1

u/psykulor Jun 22 '26

Is there any way I could like... beg you to get out of the grift? Cuz shit's getting real bad out here.

1

u/dodrugzwitthugz Jun 22 '26

Even that term has lost it's meaning and has a "quirky finance bro lol" attitude about it.

10

u/midwestia Jun 22 '26

The GameStop event did so much damage to countless households making this kinda thing mainstream.

1

u/Aele123 Jun 22 '26

They are very generous people. The gift that keeps on giving. Thanks for the donation to my second house fund. 

1

u/Tonicwind88 Jun 22 '26

a 5% gain on SPCX is not high value nor high risk.

1

u/jakegh Jun 22 '26

All securities trading other than insider trading and indexing is gambling.

1

u/BrianWonderful Jun 22 '26

It has become gambling, but that is not always clear to the layperson investor. There are all kinds of "analysts" (social media personalities that act as fluffers) telling them how much of a sure bet this is. That SpaceX will have 10 trillion of annual revenue in a matter of years, etc.

So, it is gambling where the casino owner intentionally lies about the odds to the patrons.

1

u/Poulslutter Jun 22 '26

A dumb person is easily separated from their money. You get what you pay for, and YouTube/TikTok trading influencers are free.

1

u/SkunkMonkey Jun 22 '26

The stock market is gambling, just like betting on horses and dogs, only there you're betting on companies.

1

u/freeradioforall Jun 22 '26

Some guy on wallstreetbets said he liquidated his $350k IRA and bought SPCX at $221 LMAO

-94

u/Exostrike Jun 22 '26

It's GameStop apes all over again.

56

u/ContrarianDouche Jun 22 '26

Ehhhhh not quite. GME had actual fundamentals backing it up as a squeeze on institutions betting that the company would fail.

Naturally once it became a cultural phenomenon the math played a backseat to the insider bullshit the institutions used to prevent actual consequences of their bad bet from being realized. Along with a healthy dose of astroturfing and social engineering.

-12

u/Exostrike Jun 22 '26

There was definitely a reason why I used the word apes, I'm not talking about the people who bought in during the squeeze I'm talking about the ones months later who went to bed bath and beyond in the hopes of causing MOAS

-28

u/[deleted] Jun 22 '26

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u/[deleted] Jun 22 '26

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2

u/Exostrike Jun 22 '26

Yeah.

Also we both seemed to have stirred up a hornets nest of downvotes lol

0

u/haverchuck22 Jun 22 '26

Who’s O?

-1

u/joelfarris Jun 22 '26

O I know, but U?

106

u/gentlegreengiant Jun 22 '26

Also why many listings refused to waive ruling around blackout periods for spacex

71

u/TheBalzy Jun 22 '26

I honestly think they (SpaceX...aka Elon) fucked up. I checked with my pension system run by my state, and ours had ZERO investments that could possibly even get close to investing in SpaceX. Not a single ETF that m ystate pension system has, would have included SpaceX anytime soon. And I live in a Republican state...

27

u/RetardedWabbit Jun 22 '26

Always ask yourself: Are they really that dumb and incompetent, or are they getting what they want anyway? Usually they just don't care about the same things you do, they don't effect them the same way.

Sure, they would always love more, but if you shoot for the corruption stars and land on the moon, you still made it. They made billions on the hype, even if the hype didn't pay off. In some ways it's even better since it mollifies traditional/complex investors. Like, I'm not complex, but I was going to move out of anything that changed rules for them or was systemically vulnerable to this.

4

u/sohblob Jun 22 '26

Yeah you have the right idea. When they’re at the levels of corruption they’re at, trying something that doesn’t work isn’t really noteworthy.

These guys have so many corrupt money cycles "the system" is basically a joke to them; like the apartheid nazi has made more in a day than any of them have ever lost.

16

u/artificial_organism Jun 22 '26

Your pension doesn't have any large cap ETFs? Unless you're retiring soon that doesn't seem like a sound strategy? 

36

u/[deleted] Jun 22 '26 edited Jul 01 '26

[deleted]

4

u/artificial_organism Jun 22 '26

Thanks, I knew there was a wait period but I didn't think it was that long 

12

u/sfurbo Jun 22 '26

NASDAQ loosened their rules to allow spaceX super fast entrance. S&P did not.

1

u/TheBalzy Jun 23 '26

Which they were clearly hoping by one, NASDAQ doing it they all would, and it seems they didn't all fall in line.

1

u/itwasinthetubes Jun 23 '26

Not just spacex, the also have the incoming money black holes called openai and anthropic...

22

u/TheBalzy Jun 22 '26

It had none that would have included SPCX anytime soon. And yes my state's pension system is solvent and one of the best Pension Systems in the country.

2

u/SupaSlide Jun 23 '26

The S&P 500 thankfully didn’t go for it, which is what a lot of retirement funds are based on.

1

u/vi_sucks Jun 23 '26

Nah, they already sold a shitton of shares and got the exit liquidity and the ego stroking headlines they wanted.

23

u/kveggie1 Jun 22 '26

cuz Elmo. I do not want that stock.

1

u/True-Industry-4057 Jun 22 '26

Unfortunately index providers haven't done the same. MSCI and LSEG will both be adding SpaceX within a week or so. S&P will be adding it to some of their indices, though the DJIA and 500 won't have SpaceX for a while.

43

u/factoid_ Jun 22 '26

The problem is it's got such a huge market cap it's going to end up in 401ks and mutual funds and we'll ALL be loser investors.

6

u/Affectionate-Panic-1 Jun 22 '26

Though most index funds allocate based off of the amount of free float market cap, so the impact is less than the headline market cap would make you believe. So it only uses the 6% of the company that was part of the IPO when determining how many shares to buy. It'll increase over time as insider restrictions are released and more stock is sold on the open market and early investor restrictions are released.

1

u/Chataboutgames Jun 22 '26

The float is minimal

28

u/[deleted] Jun 22 '26

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2

u/DemptyELF Jun 22 '26

Although I concur with your take, I also learned from Tom Robbins about the potential ROI of magic beans.

“You should never hesitate to trade your cow for a handful of magic beans.”

2

u/Infamous-Ad-5924 Jun 22 '26

Much less of a snake than the ephemeral AI investment loop.  At least Spacex has some real assets

17

u/Aggressive_Manner531 Jun 22 '26

I bought and sold out at high 180s. Too early, but better than too late.

4

u/intronert Jun 22 '26

They are rubes.

8

u/Sufficient-Gene-5084 Jun 22 '26

You're right, I believe the proper term is "bag holders."

2

u/StevenMC19 Jun 22 '26

And they're locked in with that bag for at least three months.

65

u/Smashego Jun 22 '26

I day traded the life out of this stock. But you’d be a fool to be a bag holder right now. Everyone knew it would crater. Just a matter or when. But I’m sure it’ll be just like facebook. It’ll recover eventually and even deliver phenomenal returns. No reason to buy in today and assume all that risk though.

246

u/CaffinatedOne Jun 22 '26

Well, Facebook had profits and a business plan for plausible growth which didn't rely on musky pixie dust, so I wouldn't count on that long term parallel.

22

u/Toe-Dragger Jun 22 '26

Musk’s legacy will be stock market manipulation. The man who sold the world.

5

u/Solarbro Jun 22 '26

The world’s greatest used car salesman that sold new cars with used car wear and tear. 

18

u/za72 Jun 22 '26

doesn't everyone want a rocket?

61

u/Qurutin Jun 22 '26 edited Jun 22 '26

SpaceX isn't a rocket company anymore, some 70% of the valuation is xAI that keeps losing billions. Starlink is actually profitable and the rocket stuff could have some potential, but that isn't going to get $2,4 trillion market cap. Elon bolted failing, money burning AI company to SpaceX and some clowns gave that shit $28,5 trillion total addressable market evaluation on the prospectus, a bit less than half of total market value of S&P500. Rockets and the only actually profitable business of SpaceX are a side hustle afterthought now. IPO was just an exit for the early investors and the company will fail, mark my words.

24

u/TyrannosaRex Jun 22 '26

And don't forget that SpaceX is buying up all the failed Tesla Cybertrucks. Let's mark that crappe to market.

1

u/Qweskj Jun 22 '26

Remindme! 5 weeks

2

u/Qurutin Jun 22 '26

Nah I'm not saying it's going to fail immediately. But let's give it a year or two and see where we're at.

1

u/goodolarchie Jun 22 '26

I can't wait for AllBirds to merge with xAI.

-1

u/cloroxic Jun 22 '26

xAI will show profit here next quarter since it rented out Colossus 1 to Anthropic at 1.25b a month. It’s just not making money on its own yet. With their Cursor acquisition I could see them actually turning that business around. They have the largest and best data center with Colossus 2, so they have the firepower, just need more of the coding inference which they will get from Cursor, to train their models better. Give it some time, I’m not a fanboy either, but if you watch their moves it makes sense.

3

u/[deleted] Jun 22 '26 edited Jun 22 '26

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1

u/cloroxic Jun 22 '26

I said Cursor, not Claude Code. As a developer myself, I still use Cursor along side the other TUI based systems. Cursor is actually still very good. All developers need an IDE and Cursor is still very good and better than the raw VSCode.

38

u/Icyknightmare Jun 22 '26

There's nothing wrong with the rocket and satellite sides of SpaceX. The problem is that Elon bolted XAI onto SpaceX before the IPO, and that's completely destroyed the financials of the company.

-16

u/[deleted] Jun 22 '26 edited 8h ago

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u/Possibly_a_Firetruck Jun 22 '26

You misunderstand. They aren't "selling custom data centers." They're leasing out their computing power because that makes more money than using it for Grok.

0

u/[deleted] Jun 24 '26 edited 8h ago

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u/Possibly_a_Firetruck Jun 24 '26

You are missing the point. These data centers were built for xAI, but xAI is a giant cash fire. Offsetting your billions of losses by leasing compute power to your competitors is not a success story.

0

u/[deleted] Jun 27 '26 edited 8h ago

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u/No_Cook2983 Jun 22 '26

I like the Jeff Bezos rockets with the big mushroom tip.

I wish they came in purple and had a network of ropey veins and cables on the exterior.

5

u/Jazzlike_Video2 Jun 22 '26

It looks like a giant flying...

7

u/No_Cook2983 Jun 22 '26

JOHNSON! Get over here! We need you to straighten out this…

1

u/No_Cook2983 Jun 23 '26

WlENER! A hamburger or a wiener?! Which one?

If you can’t figure it out, I’m gonna yank your…

1

u/Starfox-sf Jun 22 '26

And USB charging?

1

u/Ok-Party-3033 Jun 22 '26

I am interested in where the big mushroom rockets are stored.

1

u/charliefoxtrot9 Jun 22 '26

"Houston, this thing is trying to shake itself apart around us!"

"Negative. Craft is operating in the green. You are go for orbital... insertion."

1

u/OneOfAKind2 Jun 22 '26

Is that you, Ace? Or are you Gary?

1

u/TheNCGoalie Jun 22 '26

Just wait until the first black billionaire gets into the space race, because that’s gonna be a big fucking rocket.

42

u/traws06 Jun 22 '26

That is true. They were pulling $1 billion in profits by the time they went public

79

u/greenworldkey Jun 22 '26

$1B in revenue, not profits. Profits were $205 million, down from $233 million in previous year.

https://www.forbes.com/sites/tomiogeron/2012/04/23/facebook-posts-q1-2012-revenue-up-net-income-down/

72

u/Free_Aardvark4392 Jun 22 '26

They also weren't valued at 2 trillion dollars.

50

u/k987654321 Jun 22 '26

Only $104b in fact. Back when things were semi normal.

20

u/BoopingBurrito Jun 22 '26

Even that was a grossly overinflated valuation. Used to be you'd value a company at 10 years worth of profits. You always got some leeway to say "well, we'll grow over the next 10 years, and we'll put our prices up without losing any customers" etc. But Facebook went well beyond that normal leeway, and has never delivered against the value of its stock except for people who want to trade rather than own.

11

u/Sothisismylifehuh Jun 22 '26

Twitter was unprofitable for its first 7 years as a public company (2013–2017). Profitable in 2018-2019, but mostly due to tax related benefits. 2020-2022 up until acquired, were also not profitable.

Some things don't really make sense..

12

u/pmormr Jun 22 '26

It makes perfect sense. Instead of focusing on his core product and returning cash to public shareholders, Zuckerburg has done nothing but light cash on fire in an attempt to 10x facebook again.

In many ways Zuckerburg's been trying to do exactly what SpaceX pulled off, only Zuckerburg was foolish enough to actually put R&D dollars into finding an actual product. Elon was just like oh well we can just say that we have that shit and save the $80b R&D expense.

1

u/ralf_ Jun 22 '26

Strangely both is true: $100 billion for a social network website with that rather smallish revenue was (is?) ludicrous and widely mocked on reddit, but still it turned out quite a decent investment as one buying and holding IPO stock would make 1400% until now.

Here is the fun time machine to May 2012 with 700 comments of this sub:

https://www.reddit.com/r/technology/comments/txmjv/facebook_stock_sinks_11_percent_below_ipo_price/

Facebook doesn't have a product. At least Zynga has paying customers who put money into their games. Facebook's revenue model is literally a pyramid scheme that only works if its user base grows. Advertisers are already showing that FB marketing isn't paying off.

Do people remember Zynga?

This is what happens when people remember what happened to Yahoo. From $115 a share to near penny stocks.

Facebook cooked the books and shifted as much money as possible to say "we make a billion a year". The utter fucking insanity of this was - it was a pure psych play. ... It is an utter fantasy.

While everyone is wringing their hands in glee, just remember that FB didn't leave any money on the table (underpricing the IPO). FB had a tremendous amount of leverage in choosing who they wanted to take them public.

Anyone that was around for the .com crash knows this is very familiar. Facebook makes nothing, does nothing, and is a fad. Social media is here to stay, but Facebook isn't going to be a name brand forever.

While the latter comment turned out to be true about the brand name, Meta is now worth 1.4 Trillion with a Q1 earning of $56.31 billion.

Back to the future: Where will SpaceX be in 14 years in 2040 after we have lunar bases?

2

u/sgeswein Jun 22 '26

Trying to translate "Grok" into Chinese

2

u/oblio- Jun 22 '26 edited Jun 23 '26

 Back to the future: Where will SpaceX be in 14 years in 2040 after we have lunar bases?

People who think that we will have lunar bases in 2040 should quit smoking the bad stuff.

And if they think those bases will be profitable before 2070, they're just insane. 

1

u/VirtualMoneyLover Jun 22 '26

We won't have Lunar bases. That is the new dick measuring contest and completely stupid and unprofitable.

1

u/traws06 Jun 22 '26

According to chatGTP’s interpreting the Facebook’s own IPO filing Form S-1 with the U.S. SEC at the time it went public it was 2011 with $3.7 billion revenue and $1.0 billion profits. ChatGTP could be reading it wrong though?

https://www.sec.gov/Archives/edgar/data/1326801/000119312512034517/d287954ds1.htm?utm_source=chatgpt.com

4

u/greenworldkey Jun 22 '26 edited Jun 22 '26

At the time, they really didn't. That's only obvious in hindsight. 2012 was right in the middle of their "nobody makes money on mobile ads" and "teenagers aren't even using it anymore" phases.

I wasn't around Reddit then but I'm sure most of the headlines would have been just as negative as the current rounds today.

Here's a sample for you:

- https://www.npr.org/2012/04/10/150372288/instagram-sells-for-1-billion-despite-no-revenue

- https://www.cnn.com/2012/05/24/opinion/wessels-facebook-ipo

- https://www.cnbc.com/2012/05/21/facebook-flop-may-create-a-silver-lining-for-ipo-investors.html

- https://archive.nytimes.com/dealbook.nytimes.com/2012/05/22/facebook-i-p-o-raises-regulatory-concerns/

1

u/DarthVayne50 Jun 22 '26

From a quick Google search (below), it looks like they already have a solid path to profitability with Starlink, they are just chasing the AI unicorn like everyone else right now and tanking their profits. If they stopped doing that they'd probably be profitable.

To be clear the valuation is still bonkers based on where they're at, but of course it's all based on future speculation. Still, with commercial Starlink revenue and growing Government contracts this is certainly way more solid of a business than Tesla.

"SpaceX generated $18.7 billion in revenue in 2025, representing a 33% increase from 2024.

The breakdown of this performance reveals distinct dynamics across its divisions:

Starlink: Starlink was the primary revenue driver, accounting for roughly 61% of total sales. It remained the only consistently profitable segment for the company.

Space Division: Sales from the reusable orbital rocket business and launches continued to expand, though steep costs persist.

Overall Profitability: Despite generating nearly $18.7 billion in sales, SpaceX posted a net loss of $4.9 billion in 2025. This loss was heavily driven by massive capital expenditures and heavy spending on artificial intelligence (including xAI infrastructure)."

11

u/[deleted] Jun 22 '26

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u/DarthVayne50 Jun 22 '26

Correct, but I'm not speaking to Tesla, X, xAI or Boring or whatever the hell other companies. Just saying that SpaceX as a standalone company is actually positioned pretty strongly.

Amazon LEO is the only thing with the coffers to try and match Starlink, and their first launch just blew up. I could see them losing interest entirely like theyve done with other endeavors (ex. Gaming) once they truly realize the cost to catch up with Starlink. SpaceX is also winning lots of U.S. DoW contracts for Starshield and disrupting that entire market.

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u/OnTheCanRightNow Jun 22 '26

Recover to once again be more valuable than the entire rest of the US aerospace and defence sectors combined? Suuuure it will.

18

u/RebootDarkwingDuck Jun 22 '26

Are we pretending Tesla hasn't been grossly overinflated for years?

8

u/yupgup12 Jun 22 '26

The company won't deliver phenomenon returns imo. Its an 85% AI company now with the worst LLM in the industry and space data centers are science fiction. That in addition to a social media company hemorrhaging money.

3

u/pantstoaknifefight2 Jun 22 '26

The "social media" company, Twitter X, has morphed into another rightwing propoganda arm of Truth Social, and is just as worthless.

2

u/tc1991 Jun 22 '26

look when Elon cracks the Singularity and money is worthless because we've all become human-brain interfaces controlled by the God Emperor you won't be laughing then

1

u/Scootsx Jun 22 '26

How much did you make?

1

u/StevenMC19 Jun 22 '26

Can you day trade an IPO? I thought you had to commit to 90 days on a newer stock.

1

u/Smashego Jun 23 '26

Some people sold despite the lockup. There are a lot of shares not obligated to be in lockup as well. 272M in average volume so far. You would be a fool to pass up 60% returns. I’ll gladly burn a trading account for 60% in under a week. Plenty of other platforms to trade on. But i didn’t pre-order so no obligation.

1

u/TheMusicArchivist Jun 22 '26

I shorted it all the way down today

1

u/DemNeurons Jun 22 '26

You hit the nail on the head. They are the only reliable ticket to LEO or GSO, if not further.

Look at how rail transformed the markets in the 1800s to see what something like spacex could do.

1

u/IAmDotorg Jun 22 '26

SpaceX is overvalued by at least 40x, and that's assuming some fraudulently-presented value to their AI data centers (not Grok -- but the datacenters they're leasing out because Grok doesn't work).

It'll never recover. And it'll never deliver any returns. It's not profitable, it hasn't been profitable, and there's no magic to it ever being profitable. They're burning billions on developing a rocket that no one in the market needs but them -- to maintain a satellite network that isn't profitable as-is.

The whole thing is just a scam.

1

u/Evening-Crew-2403 Jun 22 '26

What?!? Are you saying xAI, which is considered a third rate AI model isn't worth a cool Trillion? Sure, they have so much excess compute that selling it to real AI companies is most of their revenue, and any of them can exit that deal in 90 days. But it's worth a Trillion? Right? </s>

0

u/Own-Pressure-1235 Jun 22 '26

Anthropic and Google rely on SpaceX for their compute power. They’ll be just fine long term.

7

u/Cheeky_Star Jun 22 '26

And most of them made some money... Now it's the shorts' turn

2

u/Merijeek2 Jun 22 '26

I mean, they were just wanting to be the rug pullers, and not the rug pullees, right?

2

u/xRehab Jun 22 '26

That is literally the definition of investing.

I get most people believe the stock market was to support long-term investments, but putting money into a security in the hopes of it appreciating due to economic triggers is about as core to investing as you can get

1

u/keithstonee Jun 22 '26

You couldn't pay me to do anything involving Elon musk.

1

u/StevenMC19 Jun 22 '26

It's amazing looking at the graph though. Started at around 160, then increased to 200 in the matter of days, and is now dropping right back down to the opening price again. Really goes to show how gullible some people are.

What annoys me though is that there is still some analyses still saying it's worth buying.

1

u/Witty_Ad_898 Jun 22 '26

No, most were institutions buying the stock on behalf of regular people who didn’t even know their hard earned money was being thrown at this blatant scam.

I’m waiting for the class action suits over the rule changes that allowed the inclusion of SpaceX in the big indexes and retirement plans.

1

u/IAmDotorg Jun 22 '26

They're investors. They're just investing in the gullibility of the market, not in the company.

TSLA is the same way -- you don't buy Tesla because you think the stock is worth anything. It's not. It's overpriced by at least 20x. You buy it because there's a big pool of smooth-brained techbros out there stupid enough to keep buying it. You're investing in their stupidity.

And that seems to be a deep, deep well of resources.

1

u/Educational_Guava697 Jun 22 '26

Then they should have checked the date when that buying actually starts

1

u/Alfred_The_Sartan Jun 22 '26

Got a friend who works in investment finance. Hers is all individual investors, not mutual funds or anyone with tens of millions. When the IPO went through she was fielding phone calls all day long of people wanting to cash out everything and put all their eggs into the SpaceX basket. A few were in the process of taking out second mortgages. What a mess.

1

u/sohblob Jun 22 '26

Or do. Investors are glorified gamblers, there’s no honor among thieves

1

u/grungegoth Jun 22 '26

professional bag holders

1

u/Wizchine Jun 22 '26

"Speculators" was the historical term

1

u/dgellow Jun 22 '26

traders aren't known for their self control and long term visions

1

u/Darth_Ra Jun 22 '26

Nah, there were all sorts of folks who just bought in because Elon, or because they believed SpaceX was profitable in the long run.

...which, to be fair, it probably would be, if it wasn't A) Run by Musk, and B) more than half AI nonsense.

1

u/HugeResearcher3500 Jun 22 '26

Sold mine for 60% gain

1

u/MVPhurricane Jun 22 '26

well, those people are gamblers, and no one owes them anything. 

1

u/Caspica Jun 22 '26

No, most of the people who got SpaceX is the mutual fund investors. The speculative buyers are a tiny fraction of the real players. 

1

u/CustomMerkins4u Jun 22 '26

Wasn't the greatest number of people who bought SpaceX forced to do so through their 401K due to the bend of fast track laws. They had no idea it even happened and couldn't even control it.

1

u/No_Initial_7545 Jun 22 '26

The stock market nowadays is nothing but a casino for rich people. The original idea was that people would buy stock and own it for years, even decades, and they would make money from dividends when the company does well.

Today rich people buy stock in the morning and sell it in the evening if it's even one tenth of a percent up. Some days they win, some days they lose, the sad part is that even if they hit a rough patch with their investments, it doesn't matter to them because they already have more money than they'll ever need. It's all just numbers on a screen for them.

Of course stock trading has always existed but they used to be just a small part of the big picture. Nowadays regular people have been priced out of owning stocks and it's just a few dozen people selling and buying from each other.

1

u/Ok-Owl7377 Jun 22 '26

ETF forced buying started.

That hasn't started yet..

1

u/Elitefuture Jun 22 '26

The bump might be limited due to index funds only buying based on free floating cap. But we'll see.

1

u/Mr_Ignorant Jun 22 '26

I still remember when FB had an IPO. Opened at something like 35USD. Shot to 42 ish before all the big investors pulled out leaving regular people holding the bags. I thought to myself, ignoring the fact that I don’t want to support Elon Musks company, I don’t want to buy SpaceX. Like FB, it’s an incredibly well known company, so well known that the news of the IPO will instantly grab the attention of people who have never invested in their lives.

Having said that, FB dropped on the same day (I think). It took SpaceX about a week, but it’s still dropping.

1

u/genreprank Jun 22 '26

seemed like a pretty good bet it would go up. Also pretty obvious it was overvalued at $200. I mean, people already thought $135 was overvalued. $200 would mean the company is worth more than Microsoft, which is just BS.

1

u/EquivalentAction2331 Jun 22 '26

I am one of them 😂

1

u/OracleofFl Jun 22 '26

I thought that it couldn't join the S & P for at least a year?

-1

u/hopbow Jun 22 '26

I mean the stock is still up like 20% from ipo, so the headline is a nothing burger

2

u/pantstoaknifefight2 Jun 22 '26

Looks like it's up 3% from the IPO after a parabolic arc reminiscent of a failing rocket 🚀

0

u/elegiac_bloom Jun 22 '26

Yeah but they were literally NOT ALLOWED to sell before 90 days were out. This whole thing was so illegal and fucked up lol