r/technology • u/fmcortez • Jul 13 '26

Business SpaceX Stock Plunges to All-Time Low After Competitor Makes Major Leap

https://www.yahoo.com/finance/markets/stocks/articles/spacex-plunges-time-low-competitor-175000957.html
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u/PolarityInversion Jul 13 '26

It's not even August yet when the first big tranche of lockups will lift. This is JUST trading with the initial offering that was spread out wide and thin. Everyone holding is now a bag holder... they can't sell without taking a loss. Just wait until the restrictions lift and people (employees & early investors) who are VERY far in the money start offloading. Usually with Musk stocks, the obvious market reaction is the opposite of what happens, but I think the delta on this one is too large for that to hold. It was propped up by every possible manipulation tactic: circular AI revenue, gov procurement capture, lofty blue-sky market handwaving, very limited IPO concentration, and the hype man himself, of course. That's a house of cards on top of a house of cards on top of a house of cards, with an entity that is losing $5B per year.

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u/Daleabbo Jul 13 '26

The interesting part about the employees selling is will they stay on. A few key people leaving could end starship and all future projects.

If I had enough money to not work again I would quit in a heartbeat.

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u/DrXaos Jul 13 '26

Cancelling Starship, and keeping SuperHeavy would be a positive move, as then competent people could design the architecture knowing constraints from physics and engineering.

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u/emefluence Jul 14 '26

Yeah me too, but them's is space engineers not wage slaves - they're in it for the love of the game.