748
SpaceX stock drops to a new low and loses $1 trillion in value in a month
(www.businessinsider.com)
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
this post was submitted on 18 Jul 2026
748 points (98.1% liked)
Technology
86563 readers
4623 users here now
This is a most excellent place for technology news and articles.
Our Rules
- Follow the lemmy.world rules.
- Only tech related news or articles.
- Be excellent to each other!
- Mod approved content bots can post up to 10 articles per day.
- Threads asking for personal tech support may be deleted.
- Politics threads may be removed.
- No memes allowed as posts, OK to post as comments.
- Only approved bots from the list below, this includes using AI responses and summaries. To ask if your bot can be added please contact a mod.
- Check for duplicates before posting, duplicates may be removed
- Accounts 7 days and younger will have their posts automatically removed.
Approved Bots
founded 3 years ago
MODERATORS
Well some of the shareholders, clearly none of the peope who had to wait for the IPO are going to make some unless they managed to sell off in the 4 days after IPO.
Beyond that, we don't know that much about the pre-IPO costs and how low it can go for them to still make out like bandits.
Fully unironically know a few folks who did exactly that. Got in at $135 and sold on the way up to $200, because it's insane to hold a company with a P/E of... 1000x? Something stupid like that.
We know what firms like Thiel's Founder's Fund and Andressen Horowitz paid for minority positions during the earlier funding rounds (Series A -J and assorted debt swaps). And we also know what a few of the outsider funds - EchoStar, for instance - paid for advanced shares shortly before the public offering. There were definitely some deals that were worse than others (the July 2025 Tender at $212/share was EchoStar, the December 2025 Tender at $421/share was to the company's own employees as well as some other earlier investors).
Even then, the volume of shares sold was miniscule compared to shares outstanding.