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.

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[–] 3 points 4 months ago* (last edited 4 months ago)

Pretty sure that date to buy has not happened yet. It wasnt a day 1 thing, it was something like inclusion after 15 days.

People are trying to front run it, to make profit when it happens.

Edit

https://finance.yahoo.com/markets/stocks/articles/spcx-etfs-index-funds-buy-050100941.html

Hasn't happened yet.

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