posted in Technology
SpaceX Stock Slips Below IPO Price as Short Sellers Profit $15.5B
townflex.com/spacex-stock-slips-below-ipo-price-as-short-sellers-profit-15-5b/
TownFlexSpaceX Stock Slips Below IPO Price as Short Sellers Profit $15.5BSpaceX stock falls below its $135 IPO price to $115.26, giving short sellers $15.5 billion in paper profits as traders double down on bearish market bets.Replying to @stermy4u@lemmy.world
This is actually pretty normal. The stock usually drops after the initial launch hype dies down, and then it begins to slowly rise again over time.
Replying to @Gorilladrums@lemmy.world
Not at my old company… no wonder they laid off so much of the workforce and dismantled and sold the rest
Replying to @Gorilladrums@lemmy.world
Lets wait to see how low and how long it goes until it starts to raise.
Replying to @Gorilladrums@lemmy.world
This is the correct explanation
Replying to @Gorilladrums@lemmy.world
It’s just made worse this time by the smaller float, and the soon to be earlier than usual blackout window for insiders lifting