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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.
What’s a typical lock in period?
Usually around 6 months, but they pulled some shenanigans to make it shorter somehow, but i dont really know the specifics in this case.
Those shenanigans being “corruption” in this case.
I wouldn’t rule out possible blackmail or extortion either.
The article says nearly 1B shares can be sold next month
For reference, of all the shares that were sold in the IPO, only 281m are able to be traded, the rest are in their own lockup periods from institutional investors. So 1b potential shares flooding the market in 1 month could increase the float by 3.56x
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)
What topics are we allowed to bring up, my lord?
Hate the game, not the player
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.
Hey, the orange pedophile is good at doing that too, with his stupid ass coins, and phone and anything really
No shit. A valution of 100x more than yearly revenue (never mind profits) should never have existed in the first place, and was most certainly a pump and dump.
Anyone who actually thought the stock price was going up from there was delusional.
And how SpaceX got into the NASDAQ is very corrupt. They fast tracked SpaceX’s IPO by breaking their own rules but still applied the same old rules to any companies applying for IPO after SpaceX. The folks In NASDAQ must have gotten under the table financial incentive from Musk.
Hope both SpaceX keeps dropping and NASDAQ faces a class action for this obviously corruption.
The delusional people run the world these days, unfortunately.
Pretty sure it’s conmen running the world, with the delusional propping them up
The conmen are very delusional too.
That may be up to us: if they think they can get away with it, it will be our task to prove their gamble wrong. That won’t be an easy road, unfortunately.
Not to worry I’m sure the trillion was mostly just from pleb 401ks.
The world’s first ex-trillionaire. Back to tres commas for you.
When the IPO first was announced I made the point that Elon Musk isn’t now a trillionaire because not one will buy the stock at that price. Overinflated IPOs aren’t really relevant to the stock market, they already knew the value of a company they don’t need to be told what it is, they’re just a marketing gimmick.
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
Who could possibly have foreseen this! It’s an utter mystery!
Typical of a lot of stock IPO. People just gonna do pump and dump at the beginning, whether they recover from this later is the challenge. It’s the reason why i don’t look at IPO anymore, i’m not as fast nor as rich as those career trader so it’s high chance for me to lose money.
Musk is the world’s first zeronaire.
Hey, I was here first!
Wonderful. Keep going!
“vanishes” from the pockets of buyers into the pockets of the IPOers
Good. Choke on it, Elon.
Musk = POS Nazi.
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.
So every investor who had faith in SpaceX as a central supporting column of the USAs future in space was robbed of money by the greed of wall street and SpaceX executives?
And they probably didn’t even say thank you for the opportunity.
So every investor who had faith in SpaceX as a central supporting column of the USAs future in space
It’s not like they’re investing to help SpaceX or the country or whoever, they’re just as self-interested as wall street and SpaceX executives. Sucks for them they got conned, but there were plenty of warning signs it was overvalued.
Yeah I don’t have too much sympathy for people that see the CEO of the company doing fucking Nazis salutes and thinks “I need to get in on this!”
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.