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> Although SpaceX stock has since fallen far below its IPO price I'm a skeptic on SpaceX but the IPO price was $135, low was $108 and current price is $130. I

> Although SpaceX stock has since fallen far below its IPO price I'm a skeptic on SpaceX but the IPO price was $135, low was $108 and current price is $130. I wouldn't say that's far below.

caconym_ 2mo ago
Worth noting that it actually opened at $150 on public markets. It's kind of funny how we call the $135 figure the "public offering" price when there is really nothing public about it. Maybe it made more sense in some past era when it was more difficult for third parties to make private pre-IPO investments. Not that there's anything particularly unusual about this. High profile tech companies almost universally (actually I am not aware of any moderately recent exceptions at all) fall below the actual public opening price in the days or weeks following the IPO. I honestly don't know why anybody buys them.
- encoderer 2mo ago
  All you had to do was put in an order with your broker (robinhood, E*Trade, etc). Some brokers did not get much allocation (Schwab) but this was not a hard stock to get at $135.
  - caconym_ 2mo ago
    My understanding based on reading first hand accounts is that very few people who tried for a retail allocation got anything close to what they asked for. Total retail allocation was apparently around 20% of the IPO. Hard to get a few shares so you can say you have some? Probably not.
- Dig1t 2mo ago
  Anyone could sign up for the IPO price. I’m a nobody and I was able to buy some shares at $135 on the opening day. You just had to sign up to participate before opening day.
  - caconym_ 2mo ago
    https://news.ycombinator.com/item?id=49264831 https://news.ycombinator.com/item?id=49264831
- orwin 2mo ago
  Really? i got out of the crypto/finance bubble a few years ago, but that feels heavily like a crypto scam. You create a coin, you keep a few, sell another few to influencers cheaply, then ICO, then profit.
  - tim333 2mo ago
    There's some real business there unlike crypto.
b3orn 2mo ago
There are a lot of people who want to see them fail. Have some patience, it's not even been a year.

> Although SpaceX stock has since fallen far below its IPO price I'm a skeptic on SpaceX but the IPO price was $135, low was $108 and current price is $130. I wouldn't say that's far below.

caconym_ 2mo ago

Worth noting that it actually opened at $150 on public markets. It's kind of funny how we call the $135 figure the "public offering" price when there is really nothing public about it. Maybe it made more sense in some past era when it was more difficult for third parties to make private pre-IPO investments. Not that there's anything particularly unusual about this. High profile tech companies almost universally (actually I am not aware of any moderately recent exceptions at all) fall below the actual public opening price in the days or weeks following the IPO. I honestly don't know why anybody buys them.

encoderer 2mo ago
All you had to do was put in an order with your broker (robinhood, E*Trade, etc). Some brokers did not get much allocation (Schwab) but this was not a hard stock to get at $135.
- caconym_ 2mo ago
  My understanding based on reading first hand accounts is that very few people who tried for a retail allocation got anything close to what they asked for. Total retail allocation was apparently around 20% of the IPO. Hard to get a few shares so you can say you have some? Probably not.
Dig1t 2mo ago
Anyone could sign up for the IPO price. I’m a nobody and I was able to buy some shares at $135 on the opening day. You just had to sign up to participate before opening day.
- caconym_ 2mo ago
  https://news.ycombinator.com/item?id=49264831 https://news.ycombinator.com/item?id=49264831
orwin 2mo ago
Really? i got out of the crypto/finance bubble a few years ago, but that feels heavily like a crypto scam. You create a coin, you keep a few, sell another few to influencers cheaply, then ICO, then profit.
- tim333 2mo ago
  There's some real business there unlike crypto.

b3orn 2mo ago

There are a lot of people who want to see them fail. Have some patience, it's not even been a year.