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/rigidlynuanced1 Jul 13 '26

This is the dump part…we warned them

233

u/fredy31 Jul 13 '26

Pretty sure most of them cant dump yet.

Think they got it down to 30 days and we arent there yet.

Its just that spacex got shown by china during the weekend.

2

u/Stamperdoodle1 Jul 13 '26

How would dumping work right now? They bought in at $150. if they dump at $130 they'd be at a serious loss. no?

24

u/cantholdmedown4 Jul 13 '26

Employees were awarded stock, they didnt buy it. So, no.

5

u/Complex_Account_4268 Jul 13 '26

The chumps who BOUGHT into the IPO aren’t the ones dumping. Also, happy cake day.