this post was submitted on 18 Jul 2026
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SpaceX Stock Plummets Below IPO Price as $1 Trillion Vanishes (townflex.com)
submitted 1 day ago by stermy4u@lemmy.world to c/technology@lemmy.world
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[โ€“] someguy3@lemmy.world 3 points 10 hours ago* (last edited 10 hours ago) (1 children)

The big players that invested years ago. They aren't allowed to dump their stock on day 1 because of the obvious issues. But as they are allowed to sell, that increases the selling pressure as well as increasing the share pool available.

[โ€“] Appoxo@lemmy.dbzer0.com 2 points 5 hours ago

Ah I see the pre-IPO share holders.