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.
$154.60 is still massively inflated from what the actual value should be.
see virgin galactic chart lol
Wow that is only worth 3 ‰ of what it was 5 years ago. 🤣🤣🤣
Most of spacex is privately owned, there is much more demand than real supply of the stock so it’s overvalued. As more former SpaceX employees current private investors and short term investors sell the price will slowly go down.
Oh… who could’ve possibly seen that coming?!
People bought a space stock and found out it was just so Elon could pay off the loans he took out to buy Twitter
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This is the biggest IPO in history. Would not surprise me.
lmao. literally everyone that explicitly bought this stock to ride the wave deserves this. everyone who’s 401k os tethered to this stock doesn’t.
Who could have seen that coming?
Put options have been printing nicely.
That’s OK people buying stock in a near worthless company should have expected this.
Yeah, as soon as Vanguard had to buy this shit it started crashing. It will probably go up by the time QQQ buys in.
It was a grift? gasp
I mean, Tesla has a ridiculous P/E ratio, but seems to make some money (even if propped up by government policy here to keep competitors at bay and so on). If you look up SpaceX P/E ratio, you will get a good lolz:
https://www.financecharts.com/stocks/SPCX/value/pe-ratio
The pe ratio for Space Exploration Technologies (SPCX) stock is -560.61 as of Thursday, June 18 2026. A negative value means this company has been losing money. The pe ratio is not a useful metric when the company is not profitable. The p/e ratio is calculated by taking the latest closing price and dividing it by the diluted eps for the past 12 months.
People are talking about SpaceX buying Tesla? Anyone reminded of AOL buying Time Warner?
Anyone reminded of AOL buying Time Warner?
I remember xAI merging with Twitter. Does that count?
https://www.linkedin.com/pulse/aol-x-time-warner-worst-merger-business-history-parth-zala-seyhf
AOL was treated like a superstar during the dot-com boom with almost $8 billion in revenue, $2 billion in operating profit, and a $200 billion valuation built mostly on hype and dial-up subscriptions.
Time Warner, on the other hand, was the real giant - more than three times the revenue, strong cash flows, CNN, HBO, Warner Bros., and decades of tangible media assets.
And yet… AOL used its inflated stock to buy Time Warner. The stronger, more profitable company ended up with just 45% of the combined entity, while AOL (with barely any hard assets) took control.
There’s a reason they say not to put all your eggs in one basket. space x, twitter and xai are a giant basket now. Add tesla in there and watch the popcorn futures.
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The US government couldn’t do what they did. Nationalization of it wouldn’t continue the (at least pre xai) trajectory. There might be more ways to exert control / influence though.
SLS has been a mess.
The US government couldn’t do what they did.
No?
The government is too risk adverse to take the massive long shots that the private companies can take, and would have to answer to their constituents on all the failures.
NASA would never try to make something like Starship. The world didn’t even think you could make a properly re-usable first stage rocket.
They would inherit the existing technology, and then slowly flatline back to their current state of operation.
Edit: Just to further make the point - SpaceX isn’t just trying to make a reusable rocket with starship, they’re already building a massive production line under the assumption it’s going to work. They want to make up to a 1000 of these a year and are building towards that already. Go try and pitch that to congress for funding.
Someone I know in private wealth management told me she was very busy last week trying to find wealthy people whose funds she manages who would be looking to participate with spacex. I wonder if lack of interest amongst the wealthy class is related to this drop since IPO.
