Can you say, "rug pull"?

It's still above the IPO price so it has plenty more to fall.

The Lemmy community expresses heartfelt sympathy for these dumb losers but really if you are an investor that let's day to day swings on a single stock ruin your day you need to find a new way to invest.

Oh dear! Nobody could possibly have seen that coming!

It’s going to stay overpriced because retail investors will keep it pumped because they think it will make them millionaires.

awww shucks...

hinting at even more drama as investors struggle to make sense of Musk's space-and-AI behemoth.

There is no way for it to make sense. It’s just dumb fucking insanity. Rocket company + subpar bullshit machine + Nazi chat room is not a real company. Soon they’ll combine with former car company who makes sub-par robots, making it even more stupid. Fuck all this shit.

I sold my NASDAQ index fund. So glad the S&P passed.

I for one, can not wait to be forced into breeding so my great great grandchildren can continue pay for the SpaceX government bailout of 2028!

Not if they got in at the IPO price of $135. It's currently at $162, which is significantly higher than the already ridiculous IPO price and the index inclusion hasn't even happened yet.

These are not 'investors', but speculators.

That makes me happy. :)

Okay ❤️

Yay ❤️

I'm glad I'm financially insulted from it (mostly on the s&p)

Is SpaceX another website for bdsm porn?

Rocket Lab, and other space companies, are also being dragged down because they are bunched in for being space economy, despite being a way more sensible company. I predict that the Xshit sandwich will gradually lose steam, while RL will steadily climb again, and skyrocket (I am legally required to make that pun) when Neutron launches. That's my bet. Then again, Tesla is still obscenely overvalued, despite selling objectively last gen EVs that have dangerous fake autopilot, and which are effectively subsidized in the US by the gov't by virtue of bans and tariffs. Large funds, billionaires, and many retail investors are buying Nazitard's stock like meme stock buyers. There is going to be a lot of hurt sooner or later. BTW, how is starship, or whatever the exploding giant dildo is called, doing?

Were you able to short the stock before it took such a plunge?