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Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsSpaceX investors are lamenting all the money they've lost
Shares of Elon Musks SpaceX are scraping by at record low levels this week, struggling to find any renewed enthusiasm from wary investors.
The stock is hovering just below $136, a hair above its original IPO price of $135, and well below its opening price of $150 on the day it went public last month. Shares are down almost nine percent over the last five days alone, and are just shy of 40 percent down compared to their all-time high of $225.
The slumping value of Musks rocket company has been a brutal wake-up call for some particularly daring investors, who went all in on what many have started to refer to as a meme stock. One Reddit user, who leveraged their own Roth IRA by making major calls on SpaceX, wiped out several hundred thousand dollars from their retirement.
The user made several SPCX calls at $160 and $145, decisions that ultimately came back to haunt them.
https://www.msn.com/en-us/autos/news/spacex-investors-are-lamenting-all-the-money-they-ve-lost/ar-AA27YzJ5
edhopper
(37,728 posts)It is overvalued 10x, like Tesla.
durablend
(9,540 posts)
They never learn
UpInArms
(55,755 posts)A fool and his money
sakabatou
(46,631 posts)Maninacan
(386 posts)Buy the dip Now!
Faux pas
(16,665 posts)sowing and reaping
rampartd
(5,964 posts)that will be sell sell sell.
i don't know what should happen to musk for the doge business, but i'd sentence him to life on mars.
these ipos are clayton at sec, the guy getting confirmation hearing right now,
Initech
(109,846 posts)Although it's not technically stealing if you're voluntarily giving the world's richest man free money.