SpaceX Stock Plummets After IPO and Bond Announcement, Losing Billions in Value
SpaceX's initial public offering, which saw strong retail trading, quickly lost momentum. The stock plummeted by hundreds of billions of dollars in just days after its blockbuster listing, with further losses following the announcement of its first bond issuance.
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SpaceX Had A Blockbuster Listing. Then It Lost $600 Billion In Just 3 Days
Retail trading in SpaceX, officially named Space Exploration Technologies Corp., was the strongest of any IPO in recent history.
Read full article →"But A Whimper": Retail Euphoria In SpaceX Fizzles After Stock Loses $600 Billion In One Day
"But A Whimper": Retail Euphoria In SpaceX Fizzles After Stock Loses $600 Billion In One Day It started off with a bang: SpaceX IPOed on June 12 with an opening price of $150 on their first day of trade, well above the offering price of $135, and within two days, enterprising traders were ravenously bidding up 380 calls (expiring in just days) in hopes of sending the stock soaring in hopes of orchestrating a gamma squeeze. They are going for it https://t.co/tT4cJns9nv pic.twitt...
By Tyler Durden
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