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

https://www.businessinsider.com/spacex-stock-drops-new-low-ipo-price-starship-launch-scrubbed-2026-7

23•01-_-•1h ago

Comments

WalterGR•54m 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

jaggs•53m ago

Biggest scam in history! :)

jmclnx•14m 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•51m 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.

benj111•11m ago

Not really because it's irrationally valued because of musk. So you'd probably just be getting a fair valuation without him which would mean many more lost billions.

moezd•37m ago

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

vidarh•35m ago

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

m463•26m ago

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

hx8•8m ago

SpaceX is still a $1.6T company measured by the sum total paper value of all of its stock. Its stock would have to go down another 40% from today's value before it is not "a trillion dollar company."

It could grow, it could shrink, but it seems like the root comment misunderstood the headline by thinking it's current market cap is <$1T

verzali•16m 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?

bonesss•13m ago

Investor sentiment, including talk of a potential acquisition.

owebmaster•11m ago

Do you think the fact they are both led by the same nazi lunatic is a possible reason?

casey2•15m ago

SpaceX insiders have so many shares, once they can they are going to dump hard, get ready for another -$1T. Morningstar says $780 billion.

Clown show:

Raymond James - $800

Morgan Stanley - $300

Deutsche Bank - $255

JPMorgan - $225

Goldman Sachs - $205

Citi - $200

hx8•2m ago

$200b seems very low for a company with this level of capital investment. They did 167 launches last year. It's one of the few industries where US is outproducing China. We have both more launches and heavier launches.

Put another way, the US spent $250b~ (inflation adjusted) dollars on the shuttle program, and we get much more output from SpaceX than we did for Shuttle.

Bluescreenbuddy•12m ago

Shorties having a field day with it!

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