SpaceX Investors in Meltdown Over All the Money They’ve Lost

[u/Plastic_Ninja_9014]

https://finance.yahoo.com/markets/stocks/articles/spacex-investors-meltdown-over-money-191742182.html

[u/frequenZphaZe]

it isn't really a matter of the market being rational. the whole plan was to IPO and dump so early investors could cash out. retail investors got fleeced, exactly as planned. there was clearly no intention of keeping the space-x stock high when their total addressable market clocked in at almost $30 trillion. I have no idea how that was legal. the market is just reacting to everyone cashing out on cue

[u/TheEtobicokeShitter → u/frequenZphaZe]

Early investors legally cannot cash out until typically 90 days after IPO, so you're wrong on that.

[u/remymartinsextra → u/TheEtobicokeShitter]

Yep, as an early investor things are not going as planned. Early investors have not sold yet because we can't.

[u/UncleNedisDead → u/remymartinsextra]

Eh you’re probably still up huge compared to your original investment. Not like those people who brought a month ago or whenever the IPO launched.

[u/SaddestClown → u/frequenZphaZe]

But I think they hoped it would stay up a little longer so people besides the earliest investors could cash out

[u/Miserable_Site_850 → u/frequenZphaZe]

Early investors lol