SpaceX retail investors sell $4.5 million in shares, first net outflow since IPO

Retail investors turned into net sellers of SpaceX shares as of August 7, marking the end of a buying frenzy. This change coincided with a stock price recovery, indicating that individuals may be taking profits. The shares have struggled post-IPO, dropping beneath the initial offering price. Investors who were hopeful at the launch might now be looking to reduce their losses, even amidst a slight recovery in recent days.

By TOI BUSINESS DESK