SpaceX Drops 14% in One Day, Price Now Below IPO Launch (opens in new tab)

What a surprise!

A rapid unscheduled financial disassembly.

For the sake of clarity, it's well above its historic IPO price, but near or slightly below where it began trading that day once it officially opened.

QUOD ERAT DEMONSTRANDUM

The IPO price for SpaceX was _delusional_. The price now is delusional. Especially since it's so dependent on the US government for revenue and he's done everything possible to irritate the party that's about to take over the federal budget.

pump and dump scheme, but your 401k bought some.