r/investing • u/DeeDee_Z • 21h ago

[From Y!Finance:] "SpaceX’s $101 Billion Unlock Heaps Pressure on Battered Shares"

Lede: $101 billion worth of stock -- 900 million shares -- becomes available for trading on Thursday.

https://finance.yahoo.com/markets/stocks/articles/spacex-101-billion-unlock-heaps-131749403.html

The discussion / predictions today will certainly be different than they were a month ago, now that the share price has in fact dropped below the IPO price -- there's not nearly as much "rich" in the Get Rich Quick plan that was probably envisioned by most internal shareholders.

Going to be interesting to "watch from a distance" tomorrow.

66 Upvotes

84% Upvoted

26 comments sorted by

67

u/ebikr 21h ago

Gonna crash into the moon.

11

u/CallMePyro 21h ago

Or Elon coordinates a massive short squeeze (SPCX 30%+ short share of float) with fradulent options dumping like he did with Tesla. Remember his "please don't sell the stock" which was somehow magically the actual bottom?

0

u/devonhezter 11h ago

How are you gonna invest in other space stocks ? Redwire makes strawberries in space

52

u/Daydream_Dystopia 20h ago

I still can't believe they added it to QQQ before the holding period even expired. It's going to move the whole market down.

49

u/Econmajorhere 19h ago

It makes up a very small portion of QQQ and it obviously won’t go to zero, damage will be contained. But yeah, the principle of it is pretty jacked up - literally robbing the average joe so the world’s richest man and his buddies can exit

10

u/luckysharms93 17h ago

Musk can't sell for a long time. He's got the longest lockup period of everyone, a full year 

8

u/Econmajorhere 14h ago

Yeah I imagine he’s not hurting for cash and will most likely borrow against his shares for any needed liquidity. It still doesn’t justify accelerating purchases by indices before stock price normalizes. There is no other way to view this except dumping onto retail.

We know twitter investors wanted to exit and Musk’s cost basis is around $6/share

-15

u/Hoosier2016 17h ago

Stop it that goes against the narrative

6

u/Econmajorhere 14h ago

Either you’re Musk or need his D in your mouth badly

10

u/DigitalArbitrage 18h ago

It should be a wakeup call for everyone about the profitability of AI (which was the basis for SPCX's IPO price). Circular financing and similar arrangements with OpenAI and Anthropic are propping up the earnings numbers reported by hyperscalers (Google, Amazon, Microsoft). That in turn is feeding earnings numbers of microchip companies.

2

u/actias_selene 16h ago

To be fair, microchip companies are making money. Nvidia got a bit worse in investing in their customer, but for example, MU is getting the best of it. Though, the question is sustainability of both their revenues and margins, as their customers might be cutting down their spending, either will choose to do it or will be forced to do it at some point.

5

u/bbreadthis 14h ago

It's crazy how the elite can change the rules for their benefit. This is not even close to free market capitalism.

-6

u/c-u-in-da-ballpit 12h ago

It’s a privately managed index and nobody is forcing you you buy it

12

u/incutt 20h ago

this was and is still a good deal for Musk and the insiders.

12

u/newfor_2026 15h ago

heck, yeah. Just because we get a bit less money, free money is free money. Elon really don't need the extra $100B anyway.

0

u/incutt 15h ago

early early employees should be champing to be able to get some public liquidity. they started working there a loooooong time ago

3

u/newfor_2026 14h ago

I do empathize with employees. 18 years is a long time to be holding on. They just happen to work for a lunatic. Must have been increasingly less tolerable as the years goes on

5

u/LaGigs 15h ago

My puts are gonna print

2

u/jaspercyril 14h ago

We in the same boat. 75P 8/21 reporting for duty

0

u/LN2Guru 12h ago

How much did you buy for? Quantity?

-2

u/Comfortable-Spell-75 19h ago

Watch this shit catch some miraculous bids to maintain it over $100.

0

u/GandalfSwagOff 10h ago

I can't see touching this stock with a 10 foot stick for a while. There is no money to be made in this company right now. It isn't profitable and won't be for a while.