SpaceX Drops 14% in One Day, Price Now Below IPO Launch

OnlyANeurosci

pump and dump scheme, but your 401k bought some.

cdrnsf

A rapid unscheduled financial disassembly.

elzbardico

QUOD ERAT DEMONSTRANDUM

empath75

The IPO price for SpaceX was _delusional_. The price now is delusional. Especially since it's so dependent on the US government for revenue and he's done everything possible to irritate the party that's about to take over the federal budget.

mrcwinn

For the sake of clarity, it's well above its historic IPO price, but near or slightly below where it began trading that day once it officially opened.

pera

-16.5% at the moment... Is the market reacting to the $20B bond offering news? https://www.bloomberg.com/news/articles/2026-06-22/spacex-ki...

lucamark

Let's grab some popcorn. - Price/Sales about 128x (NVIDIA had a peak of a 40x at its peak) - Bought Twitter per 44 billions. Inflated its valuation to $250 billion just by integrating it into X.AI - EnterpriseValue/EBITDA about 219x (30x for scaleup business) and negative Price-to-Earnings - Low free-float trick (minimal public shares available) Even the market efficiency hypothesis struggles to justify it

stackbutterflow

Not convinced it means anything in one way or another. I remember the same headlines right after Facebook's IPO. The discourse was very much that it was obvious that a website to connect with your friends wouldn't make money.

josefritzishere

I think it was completely obvious from the outset that this was a pump and dump scam. I'm waiting for the insider trading charges to hit.

lousken

why would you even invest into this bubble

r721

Palantir -6.98% https://finance.yahoo.com/quote/PLTR/

ralfd

SpaceX will swing wildly in future, also exploding/successful Starship flights and enthusiasm for moon landing/Artemis missions.

tim333

Still above the actual IPO price of 135. It's below where it opened trading on the first day which I guess is what the editorialised headline is supposed to mean. Trading opened at about 160 on the 12th and is about 155 now. Such fluctuations don't really mean much.

raincom

At least people stop shorting SpaceX on fundamentals. Shorting just increases the momentum.