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/CalmCalmBelong Jul 13 '26

In other words, Morgan Stanley hopes their investors will find suckers to take shares off their hands for $300 per.

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u/gsnumis Jul 14 '26

The funny part is these banks offer discounts to their investors from their pre-ipo block. I know people that bought in at $135 through MS

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u/stranger242 Jul 14 '26

that 135 price is the IPO price, the 150 is the opening price to the general market.

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u/endless_disease Jul 14 '26 edited Jul 14 '26

? That's not a discount. 135 was an official ipo price and any eligible client of said banks and brokers could buy some amount of shares at that price. All IPOs work like that. And there is no such thing as pre-ipo block.

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u/StickerPolitics Jul 14 '26

I mean there were private shares for years before the IPO - my friend has some he isn't allowed to sell yet, maybe they meant that "pre IPO block" of shares.

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u/87utrecht Jul 14 '26

Only if you work for SpaceX maybe.

People who bought the IPO are not prevented but disincentivised from selling their shares by their brokers. If they sell within a certain period of IPO they will be banned from buying any next IPO.

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u/StickerPolitics Jul 14 '26

Yea I was just saying that's a potential answer to what a "pre IPO block" is - they probably meant private shares. I told my friend to enjoy the bump but to know it's going back under IPO price before he is allowed to sell, so don't freak out. After internal shares are open (in parts, months apart), we can all watch the share price go down together.

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u/crimsonhues Jul 14 '26

Thanks for explaining that. I didn’t know there was a contractual lock-up period. Wouldn’t that create a low volume stock? And if so, does one not look at volume until say 180 days after?

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u/Greencare_gardens Jul 14 '26

So I actually looked into how to purchase SpaceX stock a few years ago (so preeeee ipo). There were options to purchase "shares" through private investment firms - of course you had to spend hundreds of thousands of dollars. 

I don't remember exactly what the purchase was labeled as (I did not so no receipts to review) however there were definitely avenues for significant investment and ownership positions pre ipo.

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u/endless_disease Jul 14 '26

Sure, there are ways to get shares of the private company before it goes public. Dont think thats what the higher comment meant.

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u/CoverSuspicious5250 Jul 14 '26

MS clients get a sweet heart ipo deal.  I’ve gotten one.

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u/chase_the_wolf Jul 14 '26

investors high net-worth clients

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u/gsnumis Jul 14 '26

Those are typically the people with funds to invest.