this post was submitted on 18 Jul 2026
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SpaceX stock drops to a new low and loses $1 trillion in value in a month (www.businessinsider.com)
submitted 1 day ago by sanitation@lemmy.today to c/technology@lemmy.world
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[–] spicystraw@lemmy.world 9 points 16 hours ago (1 children)

Was this not the plan all along? I thought it was an open secret to open woth high price, let initial investors sell their shares. Let 401K and small-time investors buy it, up and take the fall.

[–] wewbull@feddit.uk 7 points 12 hours ago (1 children)

Yep. AI has drained the venture capital well dry. So...

  • You merge xAI with SpaceX to make one profit making company and a loss making company in to a mixed financial bag.
  • Hype "Data-centres in Space" for a good six months to make it seem like it all makes sense.
  • Sell all your compute to Anthropic / Google (with 9p-day termination clauses) to get some revenue on the books.
  • Lobby that you're such a good deal S&P and NASDAQ should change their rules to admit entry to their "required to buy" stocks. NASDAQ bites, but S&P refused.
  • IPO: $80B raised from IPO partners (banks) at $135 per share. Job done. No control lost because the share of the company was so low.
  • IPO subscribers (banks) sell to markets at upto $225. Lots of happy bankers. Retail markets (e.g. investment funds) now holds the shares, but it's all good, right? Nasdaq have it listed so there's an enforced buy in two weeks.
  • Stock slides. Enforced buy comes at ~$145 per share and it feels a bit more firm for a day or two.
  • Stock resumes it's slide to below it's IPO price.
  • Stock now sits at $124

Net result:

  • Space X : +$80B
  • IPO subscribers: +$40B...ish
  • Public Shareholders: +5% of SpaceX (Currently $69B) & -$120B
[–] explodicle@sh.itjust.works 2 points 11 hours ago

Interesting and informative.