I knew I should have shorted it ๐ญ
this post was submitted on 18 Jul 2026
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In a way SpaceX did me a favor. I dumped my NASDAQ composite fund before they started carrying SpaceX. It's been on a downward trend ever since.
Maybe it's been on a downward trend because of SpaceX?
Obvious Pump & Dump Sees Investor Slump, more at 11
Not to worry I'm sure the trillion was mostly just from pleb 401ks.
That trillion doesn't exist. It didn't go anywhere.
It does exist. People used it to buy overvalued stock and people who knew how this was going to go got their money. The money is real, it just changed hands.
1 trillion to go!
Who could possibly have foreseen this! It's an utter mystery!
No shit. A valution of 100x more than yearly revenue (never mind profits) should never have existed in the first place, and was most certainly a pump and dump.
Anyone who actually thought the stock price was going up from there was delusional.
And how SpaceX got into the NASDAQ is very corrupt. They fast tracked SpaceX's IPO by breaking their own rules but still applied the same old rules to any companies applying for IPO after SpaceX. The folks In NASDAQ must have gotten under the table financial incentive from Musk.
Hope both SpaceX keeps dropping and NASDAQ faces a class action for this obviously corruption.
The delusional people run the world these days, unfortunately.
Pretty sure it's conmen running the world, with the delusional propping them up
The conmen are very delusional too.
That may be up to us: if they think they can get away with it, it will be our task to prove their gamble wrong. That won't be an easy road, unfortunately.
Damnation. I only made $20k from the downturn.
I mean, it might drop further, there's probably going to be a bunch of automated panic selling.
Or it could find a support level. Who knows? Musk may be worthless, but the company isn't. There is some stable valuation. Panic selling is a buying opportunity โ assuming you like gambling and want to invest in that asshole's companies.
considering Musk's lockup period is the last (and largest) to end, my $ would be on it pumping before then
Those are just internet/market speculation numbers, not of any real value. He's no trillionaire, but his buddies own all the media so he gets the platforms and news cycles to say he's a trillionaire. I'm a little pissed at George Orwell for giving them all of those ideas.
It didn't vanish. The early investors got their money and the naive buyers left holding their empty bags.
This is what they call exit liquidity.
Exit liquidity refers to investors who buy assets at inflated prices, enabling earlier investors to sell at a profit.
These later investors often incur losses as asset values decline.
It is very common in crypto and in volatile tech stocks.
They also got it on the NASDAQ so if you have an index fund that follows that you bought into it.
Early investors are still in their lock in period.
A lot of people really dont understand this.
SpaceX got the money. Its on their balance sheet.
Everyone who bought at $135 IPO price was giving money to SpaceX.
Everyone since then is just trading shares between each other.
The real shitshow starts once insiders can sell, until that happens we wont really know what price the market will settle at.
What's a typical lock in period?
Usually around 6 months, but they pulled some shenanigans to make it shorter somehow, but i dont really know the specifics in this case.
Those shenanigans being "corruption" in this case.
I wouldn't rule out possible blackmail or extortion either.
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Hey, the orange pedophile is good at doing that too, with his stupid ass coins, and phone and anything really
Yay
Typical of a lot of stock IPO. People just gonna do pump and dump at the beginning, whether they recover from this later is the challenge. It's the reason why i don't look at IPO anymore, i'm not as fast nor as rich as those career trader so it's high chance for me to lose money.
It's a GOOD thing Illegal Immigrant Elon Musk FORCED YOU to Invest in this Company with your Retirement Accounts!
Capitalism working as expected..
A very interesting point.
Your retirement account has to follow some rules, for example to buy large ETFs. Large ETFs have to follow stock indexes. Stock indexes have to include "big" companies.
So when a big AND inflated company comes along, makes it into the index, and then deflates, you all are screwed automatically and by all the rules.
To prevent this, there were rules in place that stipulated that a reasonable time had to pass for a new company to enter the index after IPO. Strangely, they scrapped that rule just before this one...
Wonderful. Keep going!
A trillion vanishes and nobody knows if anyone made money from this......
So every investor who had faith in SpaceX as a central supporting column of the USAs future in space was robbed of money by the greed of wall street and SpaceX executives?
So every investor who had faith in SpaceX as a central supporting column of the USAs future in space
It's not like they're investing to help SpaceX or the country or whoever, they're just as self-interested as wall street and SpaceX executives. Sucks for them they got conned, but there were plenty of warning signs it was overvalued.
And they probably didn't even say thank you for the opportunity.
It's a $60 share hasn't even unlocked for the employees to sell theirs yet so can only go down from here.
I'm happy to see it, but the headlines of how much money vanishes are ridiculous. Why isn't it equally news-worthy when it goes up then, gaining 1 trillion in value without anything happening in the company?
It's like the market thinks it's completely normal for companies to just increase in value but when they decrease, it's suddenly losing money. What?
It's all speculation! Nothing is real about stock prices. No actual money is gained or lost. Only in our own heads, because we believe that number on the screen.
Next week the company could be worth twice this amount, or half this amount, if some big news shows up. Because it's just fantasy. Speculation.
You can make real money by buying low and selling high, but its still just a game. Just numbers.
Because people have a well known loss aversion bias while negative news and drama sells more news.
That, and the mainstream media is more infotainment now fighting for attention and clicks making truth an expensive luxury. It doesn't help that the rich and powerful bought large parts of the media so they're under a lot of pressure to not say certain things.
Yeah I know but logically it's a bit silly. It's just stupid. :)
We're living in a time where Onion articles become normal news in an embarrassingly short time. Logic escaped the madhouse some time ago.
I hope they go to hell
Who could have seen that coming
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