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SpaceX stock has also dropped below their IPO price. It doesn't change their current financials but it may make it more difficult to raise money in the future.
by jerlam 3mo ago
SpaceX stock has also dropped below their IPO price. It doesn't change their current financials but it may make it more difficult to raise money in the future.
- khurs 3mo agoWill be interesting to see if Elon regrets only floating 4% [0] of the company at the IPO and not more seeing as it was over subscribed. [0] https://www.businessinsider.com/spacex-ipo-spcx-stock-free-float-volatility-elon-musk-nasdaq-2026-6 https://www.businessinsider.com/spacex-ipo-spcx-stock-free-f...
- bakies 3mo agodoes low float and high demand drive the price up? the article just says more volatility which makes sense, but over subscribed would make me think it would have a higher price. Everyone is already bailing on their positions?
- tcp_handshaker 3mo agoYou missing the point...the 4% that is what caused the artificial scarcity.
- khurs 3mo agoSlightly over subscribed would say yes, but vastly over subscribed indicates they went too low?
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- jamie_ca 3mo agoYeah, up 50% over 5 days, back down to the starting line over the next 30 isn't a great outlook to my eye.