Yeah the IPO was a bag holding event. Use hype to entrap a bunch of smaller investors into holding the bag so the biggest investors can pull out.

Capitalism working as designed. Assets trickle up from the middle class to the very rich.

It was the 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, average investors who bought SpaceX shares on the open market after its debut have now seen most of their gains disappear, market data shows.

The company itself — and holders of its previously privately held shares — made more than $85 billion in the initial public offering.

As always the suckers getting fleeced.

$154.60 is still massively inflated from what the actual value should be.

Keep tumbling. Then fold Tesla and all his stupid other companies into it and bankrupt it all.

Fuck musk and anyone that supports this filthy grifting pile of limp dicked shit that resembles a human being.

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

I mean, wasn't this the plan all along? Makia bunch of theoretical money off the IPO and just fuck you if you were foolish enough to waste your money buying in?

Rug pull for the Elon buddies

Lol, lmao even

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.

Shoulda shorted it instead

Who could have seen that coming?

It's a GOOD thing Elon Musk didn't FORCE everyone in the US to INVEST their Retirement Savings into this TUMBLE!

Put options have been printing nicely.

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?

I mean really, why bother learning from history, it's not that deep bro.

It was a grift? gasp

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

The iShares Russell 1000 ETF (IWB) and Invesco QQQ Trust (QQQ) are expected to hold SPCX starting on June 29 and July 7, respectively.

Well, probably good news for people who own those index funds, since they won't ride SPCX down, at least to some extent. Their worst case scenario would have been the peak holding until they bought in.

Anyone know what the deal is with the media saying his stock is somehow tied to 401Ks?

That's OK people buying stock in a near worthless company should have expected this.

Oh no, how terrible for them.
I super duperydo hope the people that supported the Nazi trillionaire Elon Skum get their money back!!!

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.

Yeah, as soon as Vanguard had to buy this shit it started crashing. It will probably go up by the time QQQ buys in.

Wow. I expected the hype to falter and the price to collapse, but even I didn't expect it to happen this quickly. I thought it would take another few months at least.

Lol, I bought myself some puts and shorts on spacex

I knew I should’ve fucking shorted it

Oh no, how terrible!

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.

It's honestly too early to say SpaceX will fail. I hope it does poorly enough that they remove Elon, but realistically that will never happen.

When he offered to buy Twitter for a massive amount everyone thought he was an idiot who was wasting his money, and we all know how that turned out. Even in spite of the AI bullshit SpaceX is hiding, I'd say there is a chance they fluke through it and end up massively positive.

Don't panic ,its fine

Honestly, if it was just SpaceX + Starlink as the IPO, I might be interested in picking some up. A healthy business is good business, especially when it is useful to society.

Grok is a poison pill, because it is a bad AI that isn't in a healthy place. Quite bluntly, Chinese offerings are superior to their American counterparts, because they aren't poisoned by bad economics and are very performant on local hardware. On top of that, the IPO is suspect because it circumvented the rules that were intended to protect investors from bad outcomes.

All in all, this thing stinks like hell, and Musk is a fish's head.

No!? What?? Who could have predicted this!!?

Classic Pump and Dump.