beep@piefed.world to Technology@lemmy.worldEnglish · edit-215 days agoSpaceX stock sinks below $135 IPO price for the first time(70% off from its peak); SpaceX has lost more than $800 billion in market value from its closing high seen a month agowww.morningstar.comexternal-linkmessage-square50linkfedilinkarrow-up11arrow-down10file-text
arrow-up11arrow-down1external-linkSpaceX stock sinks below $135 IPO price for the first time(70% off from its peak); SpaceX has lost more than $800 billion in market value from its closing high seen a month agowww.morningstar.combeep@piefed.world to Technology@lemmy.worldEnglish · edit-215 days agomessage-square50linkfedilinkfile-text
cross-posted from: https://piefed.world/c/tech/p/1264357/spacex-stock-sinks-below-135-ipo-price-for-the-first-time
minus-squaredan@upvote.aulinkfedilinkEnglisharrow-up0·15 days agoIt’s pretty common for stock to drop after IPO. This is just a bigger drop than usual. I’m glad S&P didn’t give in to SpaceX’s demand to add them to the S&P 500.
minus-squaretal@lemmy.todaylinkfedilinkEnglisharrow-up0·15 days agoTrue, though they did get into the NASDAQ-100 early and the Russell indices early.
minus-squaredan@upvote.aulinkfedilinkEnglisharrow-up0·14 days agoPeople that invest into Nasdaq 100 are already accepting higher risks though. I’ve got some QQQM but it’s a pretty small part of my portfolio.
It’s pretty common for stock to drop after IPO. This is just a bigger drop than usual.
I’m glad S&P didn’t give in to SpaceX’s demand to add them to the S&P 500.
True, though they did get into the NASDAQ-100 early and the Russell indices early.
People that invest into Nasdaq 100 are already accepting higher risks though. I’ve got some QQQM but it’s a pretty small part of my portfolio.