▲ 553 ▼ SpaceX Stock Plummets Below IPO Price as $1 Trillion Vanishes (townflex.com) submitted 2 months ago by stermy4u@lemmy.world to c/technology@lemmy.world 105 comments fedilink hide all child comments
[–] GutterRat42@lemmy.world 31 points 2 months ago (3 children) I knew I should have shorted it 😭 permalink fedilink source hideshow 3 child comments replies: [–] UnderpantsWeevil@lemmy.world 19 points 2 months ago (2 children) The market can stay irrational longer than you can stay solvent. The stock hit $123 on Friday. It's still got a $1.6T market cap. I have no idea where they got that headline from. permalink fedilink source parent hideshow 2 child comments replies: [–] Alexstarfire@lemmy.world 16 points 2 months ago Because the high was just over $200. They are talking from its peak. permalink fedilink source parent [–] magi093@l.tta.wtf 9 points 2 months ago* (last edited 2 months ago) I have no idea where they got that headline from. The "IPO price" for institutions (banks, hedge funds, a tiny bit for retail brokers) was $135. It opened on the public market at $150-something. Still perhaps more than the company is worth, but at this point an institution that fought to get in on the IPO would be down 23% (unless they dumped it, which plenty did). permalink fedilink source parent
[–] UnderpantsWeevil@lemmy.world 19 points 2 months ago (2 children) The market can stay irrational longer than you can stay solvent. The stock hit $123 on Friday. It's still got a $1.6T market cap. I have no idea where they got that headline from. permalink fedilink source parent hideshow 2 child comments replies: [–] Alexstarfire@lemmy.world 16 points 2 months ago Because the high was just over $200. They are talking from its peak. permalink fedilink source parent [–] magi093@l.tta.wtf 9 points 2 months ago* (last edited 2 months ago) I have no idea where they got that headline from. The "IPO price" for institutions (banks, hedge funds, a tiny bit for retail brokers) was $135. It opened on the public market at $150-something. Still perhaps more than the company is worth, but at this point an institution that fought to get in on the IPO would be down 23% (unless they dumped it, which plenty did). permalink fedilink source parent
[–] Alexstarfire@lemmy.world 16 points 2 months ago Because the high was just over $200. They are talking from its peak. permalink fedilink source parent
[–] magi093@l.tta.wtf 9 points 2 months ago* (last edited 2 months ago) I have no idea where they got that headline from. The "IPO price" for institutions (banks, hedge funds, a tiny bit for retail brokers) was $135. It opened on the public market at $150-something. Still perhaps more than the company is worth, but at this point an institution that fought to get in on the IPO would be down 23% (unless they dumped it, which plenty did). permalink fedilink source parent