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
At what price point does Muskrat get his loans called in?
Replying to @Jaysyn@lemmy.world
His net worth is still half a trillion more than it was a year ago.
He didn’t buy shares in SpaceX, he already had them before the IPO
Replying to @MightEnlightenYou@lemmy.world
FYI, that stock is used as collateral for the loans which fuel his lifestyle. When that stock drops to a certain price, those loans get called.
FFS, he doesn’t have anywhere near half a trillion in liquidity.
Replying to @Jaysyn@lemmy.world
He does have loans, but a lot of people think he still has them from purchasing Twitter, but he actually went away from that during the Twitter purchase. Im sure its a lot without twitter even, but its not the crazy large number it was briefly.