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The average SpaceX buyer post-IPO is almost under water after two-day slide

39 points by 1vuio0pswjnm7

by amanaplanacanal

2 subcomments

That last line is pretty hilarious: "investors have begun reassessing whether the stock’s rapid advance can be justified by fundamentals."

by antiloper

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by exabrial

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Literally happened with every other huge IPO in the last decade. I don't understand the obsession

by pants2

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The SpaceX IPO was a textbook crypto scam ICO. Launch with a huge media frenzy, super low float, "airdrop" to retail, etc.
We all know from previous token launches that the next few years will be a slow decline in price with just enough occasional bounces to keep up the hopes of the bag-holders.

by elikoga

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First time I've seen "VWAP" - Volume weighted average price. Though it's not immediately clear over what timescale they average

by tistoon

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We had covid experts, and we now have stock market and IPO experts. This community is hilarious.

by nikolay

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It's a fantasy market. You shouldn't be able to make hundreds of billions only because the stock market is full of illiterate optimists. I don't believe in the Wisdom of the Crowd. This is the political populism turned financial. People abandoned cryptocurrency (at least one positive thing), precious metals, and fundamentals-based stocks to free up funds for overhyped IPOs. This really removes any incentives to start a legit business, as it's much more profitable to launch a bubble. I'm not saying SpaceX isn't a real business, but it can't be worth more than the combined economies of many countries, for example. Just convert a few trillion dollars into Albanian or Greek islands, for example. It's crazy, really! And is, for example, Anthropic worth over a trillion dollars only because it's just less than 6 months ahead of the Chinese?! This lead will not last forever, and it will only get shorter.

by dmitrygr

1 subcomments

by verzali

0 subcomment