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    1. Excerpts from article by Yun Li:

      *The average investor who bought SpaceX shares in the open market after its debut has seen nearly all of their gains disappear as a sharp pullback erased large chunk of the stock’s post-IPO surge.*

      *[…] The stock soared from its $135 IPO price to an intraday high above $225 on Tuesday as investors piled into one of the most anticipated public offerings in years. Since then, however, shares have retreated 20%, wiping out much of the gains accumulated after the debut. It’s now back to where it was trading on day two, Monday.*

      *The decline has also narrowed the profits for thousands of retail investors who gained access to the IPO through brokerage platforms including Robinhood, Fidelity and SoFi. While many individual investors received only a fraction of the shares they requested — in some cases just one or a handful of shares — those allocations were purchased at the $135 offering price, leaving them with gains even after the recent pullback.*

    2. I mean, this is the trajectory that pretty much every single tech IPO follows… the question is where the dip lands and how long (if ever) it takes to recover.

    3. Correct_Emotion8437 on

      I feel like this is disingenuous reporting. Typical investors should not be worried about performance over the span of a few days for any stock. Short-term traders hopefully know what they are doing and are not the target audience for this article. New stocks are volatile and this is not really newsworthy.

    4. supercali45 on

      Bunch of gamblers .. the bad state of the economy seems to push retail to gamble more in this current stock market

    5. setphasorstolove on

      The article should read: average buyers of spaceX are up after holding a stock for less than a week, but we’ll say „almost underwater“ because hurr durr elon bad and we need clicks.

      Idk what’s worse – the low effort yellow journalism or the room temperature iq chuckleheads lapping it up

    6. CaptainBayouBilly on

      If you can’t buy at pre market prices you will lose money on ipos. 

    7. Company that does not make money or have a clear pathway to profitability loses stock value. News at 11.

    8. coconutpiecrust on

      Average buyer had no business trying to cash out on rich people’s exclusive machinations. 

    9. > almost under water

      So… they’re still ahead of where they jumped in? I like to shit on these companies as much as the next guy, but come on. Are we really writing articles acting like people are in trouble because their stocks are worth less than they hoped, but still more than they were purchased for?

      Come back when the „average SpaceX buyer post-IPO“ *is* underwater, and it’s been long enough to actually say it’s the long term direction.

    10. Pesticide001 on

      i read they arent even allowed to sell first 30 days and they have to pay a 50 bucks penalty PER SHARE they sell before 120 days roflol ….

    11. I’m no economic expert by any means or any sort of investment guru. But everything I’ve read said basically the IPO was so that the initial investors can cash out and this was expected to happen, leaving retail investors holding the bag. 

      Just makes me wonder what news sources these investors are using. Am I gaining more accurate insight from Reddit then all these rich people are from their investment advisors? 

      Granted, I don’t follow Wall Street, bets etc.

    12. RottenPingu1 on

      Mission accomplished…getting the KSA and UAE their money back for the failed Twitter purchase.

    13. Island_In_The_Sky on

      The public market on IPOs has one purpose: to pay out the private market owners/founders, shareholders, and sometimes employees.

    14. CreativeMuseMan on

      I don’t understand how so many people didn’t see this coming. When you wear rose-tinted glasses, all red flags seem normal.

    15. I’m utterly shocked the blatant scam is turning out to be…a blatant scam…

    16. Protect-Their-Smiles on

      I told people that Elon was looking for bag-holders. Here we are.

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