Tech giants lose $2T in SpaceX's IPO month
01-_-
18 points
8 comments
July 01, 2026
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Discussion Highlights (3 comments)
AFF87
I guess we will see the appetite for mega IPOs go down now. Great for the first mover, the rest are now stuck until 2027 and we forget about SpaceX
khurs
Tech Giants don't lose it as such, the owners of the shares do. Many of them ordinary people caught up in it - as the big boys pump it up, employ people to post on message boards online to hype it up and then get out first with the profits. For the tech giants, it was just free money as the shares went crazy
thegrim33
SPCX opened at $160.95. It's now at $158.63. S&P 500 one month ago was at $7,600. It's now at $7,500. DJIA one month ago was at $51,078. It's now at $52,334. These numbers are what this economy doomer porn article is based upon. Does that seem reasonable?