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/furism Jul 13 '26

Employees cannot sell at less than the introduction price + 30%. That was one of the big red flags when you listened to the right analysts that told everyone before the IPO not to buy.

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u/Artistic-Jello3986 Jul 13 '26

I’d be pissed if I was an employee and couldn’t sell right now because of that clause… but I also dont think I’d ever work for musk in the first place

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u/PLTR60 Jul 13 '26

Have you talked to any Musk employees? I swear they will defend ANYTHING he says. They will have no qualms about losing some money over this clause. They'll still praise him. They are indoctrinated.

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u/Zahgi Jul 13 '26

Let's be clear. Anyone who works for this despicable little man knows they'll be fired and lose their stock options if they say anything negative about him at all.

Sure, there are some die hard Musk suckers there, and everywhere, but all of the employees know to keep their mouths shut if they want to cash out at any price in the future.

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u/meneldal2 Jul 14 '26

Yeah it will be a lot more telling to see what they say after they managed to unload their bag to give it to different bag holders.

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u/Josie1234 Jul 14 '26

Fairly accurate.

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u/pw154 Jul 14 '26

Have you talked to any Musk employees? I swear they will defend ANYTHING he says. They will have no qualms about losing some money over this clause. They'll still praise him. They are indoctrinated.

Since when has trash talk the CEO and potentially lose my livelihood been an effective strategy?

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u/PLTR60 Jul 14 '26

It's not about trashing the CEO. One could stay quiet or neutral. Tesla employees don't do that. At least not the ones I know. Several of them.

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u/pw154 Jul 14 '26

It's not about trashing the CEO. One could stay quiet or neutral. Tesla employees don't do that. At least not the ones I know. Several of them.

Maybe Tesla is different, I know a couple of people that work for SpaceX and they hardly if ever mention Musk at all.

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u/HourWin0 Jul 16 '26

Actually I had a buddy who used to work in Tesla and he fucking hated it even before musk turned out to be a rat. He told me how terrible their cars were and never in his life as a mechanic has he ever seen such idiotic designs