SpaceX stock drops to a new low and loses $1T in value in a month

9 comments

• verzali 4 minutes ago

  Curious that Tesla stock fell in price at the moment of the Starship abort.

  For what possible reason would a failed rocket launch affect the fortunes of an electric car company?

• WalterGR 41 minutes ago

  Past month:

  38 comments - https://news.ycombinator.com/item?id=48948435 - "Short sellers notch $8.7B profit as SpaceX shares dip to IPO price" - reuters.com | 71 points | 3 hours ago

  281 comments - https://news.ycombinator.com/item?id=48933344 - "SpaceX stock erases all its gains and slides below IPO price in intraday trading" - latimes.com | 306 points | 1 day ago

  603 comments - https://news.ycombinator.com/item?id=48920181 - "SpaceX bond worth 10% less than issue price – heading for junk bond status" - ft.com | 561 points | 2 days ago

  98 comments - https://news.ycombinator.com/item?id=48639057 - "SpaceX sheds $400B in market value as debut rally hits reverse" - ft.com | 77 points | 24 days ago

  66 comments - https://news.ycombinator.com/item?id=48634931 - "SpaceX Drops 14% in One Day, Price Now Below IPO Launch" yahoo.com | 62 points | 24 days ago

  21 comments - https://news.ycombinator.com/item?id=48598558 - "The average SpaceX buyer post-IPO is almost under water after two-day slide" - cnbc.com | 40 points | 28 days ago

  Bonus:

  149 comments - https://news.ycombinator.com/item?id=48604186 - "Americans express unease over SpaceX's influence on retirement savings" - theguardian.com | 253 points | 27 days ago

  94 comments - https://news.ycombinator.com/item?id=48576113 - "With Wall Street’s help, you’re about to be forced to buy stock in SpaceX" - paulkrugman.substack.com | 114 points | 29 days ago

• casey2 2 minutes ago

  SpaceX insiders have so many shares, once they can they are going to dump hard, get ready for another -$1T

• moezd 24 minutes ago

  I doubt it will ever become a $1T company ever again.

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  vidarh 22 minutes ago

  It's market cap is still closer to 2 trillion than 1.

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  m463 13 minutes ago

  so was the comment that it wouldn't grow, or wouldn't shrink. :)

• jaggs 40 minutes ago

  Biggest scam in history! :)

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  jmclnx a minute ago

  Not the biggest but I am sure it is in the top 10. FWIW, I say the top 7 scams occurred in the past 2 years.

• lardosaurusrex 38 minutes ago

  Pretty sure they could recover all they've lost and more if they just hogtie elon to one of their rockets and launch it into the sun.

  Might even be able to write it off on their taxes as they'd be doing the planet a public service.