The world’s first ex-trillionaire. Back to tres commas for you.
I knew I should have shorted it 😭
The market can stay irrational longer than you can stay solvent.
The stock hit $123 on Friday. It’s still got a $1.6T market cap. I have no idea where they got that headline from.
Because the high was just over $200. They are talking from its peak.
In a way SpaceX did me a favor. I dumped my NASDAQ composite fund before they started carrying SpaceX. It’s been on a downward trend ever since.
Maybe it’s been on a downward trend because of SpaceX?
Im pretty sure that is what they are implying
Well then, SpaceX did them no favour because they would’ve profited off their NASDAQ fund investment if not for them.
No… as they said, they had already sold. If spacex never joined or they sold later, they wouldve lost money
I assumed that they dumped their NASDAQ fund because it was about to carry SpaceX.
I dumped mine because of the war. Missing the spacex slump was just a plus
What I find interesting about this is that everybody knew exactly what would happen, and then it happened. It’s a perfect counterexample to the logic of “this system isn’t perfect, but it’s the best thing we have.” It’s just the rich and powerful using leveraging their wealth and power to become even more so, and under the current rules nobody can stop them.
Good. Choke on it, Elon.
Musk = POS Nazi.
“vanishes” from the pockets of buyers into the pockets of the IPOers
Musk is already the person who lost the most wealth a while ago (biggest loser ever to have walked this earth). So now he beats his own record.
Musk is the world’s first zeronaire.
Shame the SEC will not stomp on the neo-Nazi.
If you bought, just hold. Can’t time something this wild.
If you’re dumb enough to have been dumb, keep being dumb.
I agree that it was dumb for people to buy SpaceX, especially with the lack of any voting power.
That said, it’s dumber to sell stock when it’s down.
It depends if you don’t mind throwing the money away, or waiting thirty years for it to catch back up.
Or you can dollar cost average your way to a more workable position over time.
In investing patience is a great thing.
That’s what I said?
Not exactly, no.
But, basically yes
It didn’t vanish. The early investors got their money and the naive buyers left holding their empty bags.
This is what they call exit liquidity.Exit liquidity refers to investors who buy assets at inflated prices, enabling earlier investors to sell at a profit.
These later investors often incur losses as asset values decline.It is very common in crypto and in volatile tech stocks.
They also got it on the NASDAQ so if you have an index fund that follows that you bought into it.
I exited out of all American ETFs earlier this year so I’m feeling good about myself lol
Ditto
Early investors are still in their lock in period.
A lot of people really dont understand this.
SpaceX got the money. Its on their balance sheet.
Everyone who bought at $135 IPO price was giving money to SpaceX.
Everyone since then is just trading shares between each other.
The real shitshow starts once insiders can sell, until that happens we wont really know what price the market will settle at.
This is mainly just showing a lot of option conversions / actions that happened because of the merger / IPO.
There’s a small sale on the first form in March, and the 2nd form in April
How early?
I made my entry on the 8th June and sold on the 15th June expecting the crash.(To any zealot wanting to dump on me for trying to acquire wealth for a home: Please leave out any musk bad, spacex bad etc. comments out. Not interested in those)
The big players that invested years ago. They aren’t allowed to dump their stock on day 1 because of the obvious issues. But as they are allowed to sell, that increases the selling pressure as well as increasing the share pool available.
Ah I see, the pre-IPO share holders.
What topics are we allowed to bring up, my lord?
Hate the game, not the player
It’s a GOOD thing Illegal Immigrant Elon Musk FORCED YOU to Invest in this Company with your Retirement Accounts!
Capitalism working as expected…
Obvious Pump & Dump Sees Investor Slump, more at 11
Not to worry I’m sure the trillion was mostly just from pleb 401ks.
Who could possibly have foreseen this! It’s an utter mystery!
