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stermy4u@lemmy.world to Technology@lemmy.worldEnglish · 1 day ago

SpaceX Stock Plummets Below IPO Price as $1 Trillion Vanishes

townflex.com

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SpaceX Stock Plummets Below IPO Price as $1 Trillion Vanishes

townflex.com

stermy4u@lemmy.world to Technology@lemmy.worldEnglish · 1 day ago
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SpaceX shares crashed below the $135 IPO price, wiping out $1 trillion since June. A scrubbed Starship launch and upcoming investor lockups triggered the selloff.
  • ChickenLadyLovesLife@lemmy.world
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    9 hours ago

    If you’re dumb enough to have been dumb, keep being dumb.

    • FlashMobOfOne@lemmy.world
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      9 hours ago

      I agree that it was dumb for people to buy SpaceX, especially with the lack of any voting power.

      That said, it’s dumber to sell stock when it’s down.

      • vandsjov@feddit.dk
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        9 hours ago

        Depends on if the stock will continue to go down… recover what can be recovered before it’s too late. It’s a risk both ways

        • FlashMobOfOne@lemmy.world
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          9 hours ago

          Depends on if the stock will continue to go down

          No one can know that, though.

          • vandsjov@feddit.dk
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            8 hours ago

            That’s why I wrote the last sentence :-)

            • FlashMobOfOne@lemmy.world
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              8 hours ago

              I get that, but the rest of your reply suggests that you think people should try and time the market, which is patently absurd. :)

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