Just 10 days after the company’s blockbuster IPO, buyers of its initial public shares are in the red.

Just 10 days after the company’s blockbuster IPO, buyers of its initial public shares are in the red.

Shares of Elon Musk’s SpaceX tech conglomerate plunged 16% Monday to close below their price on June 12, the date of the company’s massive initial public offering.

It was its third-straight trading day of declines for a company that just 10 days ago orchestrated the largest IPO ever.

At Monday’s closing price of $154.60, the average investor who bought SpaceX shares on the open market after its debut has now seen most of their gains disappear, market data shows.

  • Fishnoodle
    3·
    27 days ago

    SpaceX is going to end up boosting my Rocketlab stocks to a solid $250 a share within the next 3 years. Then again, that was going to happen without Elons dipshit rugpull.

    There were several viable space stocks to invest in, that aren’t run by technofacist Nazi’s who will demand a 500 billion a year paycheck. If you chose to invest heavily in spacex you’re an incredibly hopeful person who’s very liberal with your money. You’re also assuming the EU and Ukraine have no ambitions to ever launch anything into orbit.

    GSat, RKLB, ASTS and others to the rescue