SpaceX stock tumbles 23% from IPO high

☮️ Roger L. 🤜 🆙123

It’s no laughing matter - billionaires are gaming the system - their wealth allows them to manipulate the price, buying and buying to push the price up and up, then once “regular” people start buying in, they sell their enormous share, and buy back at the bottom. Stock market is now their plaything

K. Moore 🦋📚🎼66

Investors traded with eyes wide open, plenty of warning, which is why this was such a corrupt launch to begin with. Musk does not own any profitable ventures, leveraged to the hilt, too big to fail as he owes billions to banks. Just leave the 401k accounts and pension funds out of it.

Billionerrorx38

.. I put everything into spacely sprockets.

Patchouli Woollahra33

That explains why my dad shorted YET ANOTHER ELON STOCK.

D A N the Beav 🦫26

Was a good “almost” two weeks. That’s pretty common for a lot of IPOs, but given the hype behind this one and potential catastrophic effects it could have on an index…certainly a bigger deal.

cleopete25

It launched at $135, but why wouldn't everyone want to invest in a company that hemorages billions every year despite being propped up by a deeply corrupt government?

Sokyle2 🇺🇸 🇰🇷 🇫🇷 🇺🇦 🇹🇭 🇹🇼 🏳️‍🌈 🏳️‍⚧️20

Meanwhile, Musk, the brokerages and big hedge funds pocketed massive profits and left left the individual investors with the losses This happens with every one of these overhyped IPOs

Керрі Світ🇺🇦🇨🇦🇩🇰🇪🇺17

So, so easy for pump and dump pimp Elon to make trillionaire status via stock manipulation.

LollyB15

Couldn't happen to a bigger, nastier AHole

Kyre Adept, PhD13

Oh, dear, what a shame. </sarcasm>

mrxexon11

Musk is a fascist enabler and will face treason charges in the US eventually. Seizing his worldwide assets would be a part of that invesigation. Till then, he's going to fleece investors as he pleases. Fools and their money...

jackiefromtexas11

Down with Swasticars, Space Nazis, and their seriously drug addicted CEO who brought so much misery and death to the world.

🇪🇺11

Shares crash like his rockets keep crashing. 🙄😁 SpaceX has experienced a total of approximately 14 major launch and testing accidents across its three main rocket programs. This includes early developmental failures, mission failures, and explosive test crashes

@jwveteran10

May it continue to crash & burn. Tesla, too!

🌈Super Gay Mom💙9

The one thing Tesla sells is BS. Musk, coupled with the current administration, that supply exceeds demand. #resist

Frank Patrick7

The IPO price was $135.

Ms. B6

I'm convinced that the stock market is not much more than a glorified money laundering/bribe machine. Legalized gambling but with the house holding all the cards. I wonder if Trump will eventually bankrupt it too.

Fluffy Peanut6

Saw that coming a mile away

T Antony 🏳‍🌈6

When do the taxpayers get their cut?

Helianthus 🔔🇺🇦6

No doubt the Musk fan bois are now going to buy the dip! 🤣

Jimmy “Space for Rent”6

Hey, that's not the way an IPO is supposed to behave. Is it any wonder I've told people "buy Musk related stocks at your peril" as people have really soured on the guy. They now realize Musk is the biggest welfare recipient in history. Without government contracts, he's got shit.

nikki3877.bsky.social6

Good! And speaking of people getting what they deserve, “Dr.” Phil McGraw is now doing car repair scam commercials, just like loser Trumper, Danika Patrick. We will someday see Dr Oz doing them too I suspect.

Christine - Fascism Is Evil5

It was only a matter of time. The company is on record as losing money recently, not earning money

Annette Shaffer🇨🇦😷5

Hopefully just the start of a long fall.

inthebardo.bsky.social5

Predictable.The American public is robbed blind/forced to prop up his stock price to make him a trillionaire.That stock is now part of all index funds which are part of everyone's 401k because they waived requirements.So again we underwrite Musk's idiocy.None of this is ok.

Democracy Matters5

I love that for Leon Musk! Crashing stocks just like his rockets.

dipshit420.bsky.social5

Sweeet, we the people are 100% rooting against SpaceX due to the absolute dipshit who leads the company, who stands against we the people

hikercat.bsky.social5

And retail investors still can't sell until the 14 day window has passed. So again the little guy is the victim of a planned pump and dump by a tax dollar funded trillianaire and team oligarch.

alfred bestington5

GOOD! what a shit-sham of a "company"...it's Elon Husk's wannabe Star Trek vanity show...I can't believe that any sucker got roped into giving that loser money.

BananaPancakesCanSaveYourSoul4

The AI hype channel and the cyrptocurrency is run by the same Transnational Organized Crime (TOC) network as the dot-com bubble.

WayneS 🇨🇦🇺🇦🏳️‍🌈 - Elbows up!4

I hope they go below $5 a share

emoontxwriter4

Up like a rocket, down like the stick.

Fvlib4

Like every other Musk venture, SpaceX is mostly smoke and mirrors, overblown promises and government subsidies. It's all part of the great Elon House of Cards and will come crashing down sooner rather than later.

Euclid LoGiudice4

Good I hope it totally crashes and burns! I love space exploration I love astronomy, astrophysics, I love all the sciences. But this corrupt bullshit destroying our planet screw him screw them I hope it crashes completely and they all totally fail!

cabanaboy.bsky.social4

The IPO price itself is way way way overvalued. And don’t take my word for it. Just look at most any reputable analyst. One of the most over valued riskiest stocks available. Most don’t realize SpX loses money every quarter- and the market of space is truly unknown Please be careful

Hellishchildren3

They signed up for it.

A Word3

This is par for IPOs - those who dive in at the start get the brunt of buyers remorse.

KarenButNotAKaren3

Aww, shucks! Couldn’t happen to a more deserving guy 😂 At the risk of bad karma (for myself), I hope musky is losing sleep and billions of dollars right about now.

Georgia 🇺🇸 🇺🇦 🏳️‍🌈 🏳️‍⚧️ 🦉 🌻3

Crashing like the self driving Teslas

ab4aoc.bsky.social3

Stocks go up, stocks go down. Hopefully you guys also report when it hits $250 in fairness of reporting.

Jane3

And how predictable was this.

Hope ☄️ (NO DMS!)3

Excellent! The fall of the billionaire PEDO collapsing. 🫶🇨🇦

The Hermit Queen3

I'm so bad at understanding stocks. What does this mean?

📎🇨🇦2 Wheeled Thug🇨🇦 🇺🇦🇺🇳 DM’S from following/followers only.2

of course…then wait till they get to a pre-predicted low, pals buy the dip, “someone” pumps it up and repeat. Ever wonder how in the name of logic can Tesla and DJT Truth social stock stay above water? That’s how. Billionaires having fun.

BikerOfTheApocalypse2

I mean…who doesn’t believe we’re gonna have a 1M person colony on Mars? Tremendous value there 🥴🤦🏻‍♂️

Itsmevicki2

Who didn't know that would happen.

Won-I'd-Jack2

Surely this was a scam from the start. MuskRat is evil.

Locksmith2

So it means whomever wanted or needed to cash out while it was positive, already did and made rivers of money.

Jenny2

This is the cherry on my watching-tech-stocks-take-a-dive sundae. Bring on the Schadenfreude sauce.

Nancy None of Your Beeswax2

I hope it goes to .25 cents

Rando2

Whoa, people don’t want a piece of a company that spends all of its time churning out rushed and poorly constructed rockets that blow up on the launchpad most of the time? Who could have guessed?! It’s almost like muskrat would be broke if it wasn’t for that tax $ he is stealing from the starving.

AyJay2

And all the suckers who bought in at the retail level are prohibited from selling their shares to cut their losses. What else would you expect from a company that lost $5 billion last year?

LauraD-in-Indy2

This post is inaccurate. SpaceX's IPO cost was $135 per share. The $150 "opening price" was for that day only, not its IPO.

Lady Stardust Peaches2

Crashed just like their space ships, no wait, those exploded. My bad. Same thing. 💁‍♀️

Queen Thicctoria IV2

Is that fat creepy f*ck Elon still a trillionaire? 🤣 When the Trump nightmare is over, all oligarchs need their wealth seized and returned to the people they stole it from!

Another_Humanist 🦩🦩2

Do you know how the stock market works and that change is always in the cards. Now its above the IPO... so, now what?

raoulsnave.bsky.social2

Just the billionaires taking their profits off the opening!

philliptemple.bsky.social2

The IPO price was $135, so why are you saying it's $150?

Kevin Kretsch (DrKev)59

Ok, so that's a really truly a viral tweet (quite a way to wake up!) so I will take this opportunity to say buy @weinersmith.bsky.social and @zachweinersmith.bsky.social 's excellent book "A City on Mars" to understand the MANY MANY reasons why *nobody* right now will succeed at living on Mars.

ANGEL - BadAss Resister55

It was a PR stunt. SpaceX isn't needed. Elon Musk has never been in a rocket yet convinced our Congress to give him billions to experiment. Humans can't live on Mars.

Dave Knadler53

As a non-SpaceX investor, this pleases me.

CtK50

Key here is average investors It’s like crypto investing A pyramid scheme

TheBossRoss 🧶41

"orchestrated" being the operative word here. This was never about SpaceX's real value but its owner's trillionaire obsession & investors' thrill. The stock market is a mix of gamblers & insider traders. Handelsblatt reported yesterday that a record no. now buy shares on credit. That's dangerous.

Kevin Kretsch (DrKev)35

Folks, BlueSky killed off Ken white's account (Popehat). Bring Popehat back!! @bsky.app @moderation.bsky.app

greenglassworm23

This is tragic. Retirement is more and more out of reach and you can guarantee people bet on this for that purpose. Elon can't lose. Everyone - literally everyone - else does. Fuck these people. Fuck oligarchy. Fuck stock market manipulation and fuck Musk.

ErwinSchrodinger14

Still too high for a money losing company with nothing but sci fi fantasies to lay out a path to profitability. And the Trump gravy train that gives them most of their revenue has an expiry date.

Samurai Gemini ♊️ 💙MBA/MPA14

For people that willfully bought this stock, I can't have too much sympathy if they lose money supporting a pretty terrible person in Elon Musk. For those that are forced to buy this dude via the Nasdaq rule change, I wish better for them. Shame on the Nasdaq for altering their rules to allow this

Rlynner12

You mean Elon and his pals suckered retail with the bag? Big shocker. Legit analysts at Morningstar say SPCX is worth $60.

Hard Left - No Labels11

They were warned, they were the exit liquidity on this deal ...

JF 🇨🇦10

Lol, the trilionaire won't be one for too long.

curmudgeon9

Don't worry they will get billions more of our tax dollars.

melting_in_vegas7

The only thing that got it going was these idiots rushing to buy. Take a metric ton of cow 💩 and apply the same purchasing power and guess what happens? People are just so gullible these days.

Margo Channing7

I don't mean too be cruel --- forget that. Yes I do. Anyone who would invest in Musk deserves to lose everything.

Jim 🔥7

"Average Investors" = millions of innocent people blindly forced to invest through index-linked pensions and investment vehicles tho, right.

Bob Gann7

I bet I know some of these stupid people. There is just no end to them being suckered out of their hard earned cash. 🙄

nanham.bsky.social7

Couldn’t happen to a better group of people.

GBsMimi💙📎🦋7

I love that for them

🍁Justin Case7

A bit of free financial advice. Never bet on a Nazi.

Lile6

They want to get rid of small investors. Every conglomerate is doing it. They call them “the spoilers”.

D.A.6

All the stockholders (super rich folks) who had shares when the IPO listed, sold off their holdings. They made a fortune and that is what the drop in share price equals.

AnnForJustice5

I heard retirement funds are forced to be invested in those stocks when it’s valued so high. The wealthy people sell it off with a huge profit but retirement accounts can’t for another 180 days so regular people are screwed against their will

Scarheart Thrymson5

Still...stayed up longer than any of his rockets.

oldsputnik.bsky.social4

Forecast was get in and out quick. Which was why ordinary people should have avoided it like the plague. But it's put a spring in my step this morning!!

countryfan93.bsky.social4

Anyone bought stocks in SCUMBAG Elon Musk Company is a FUCKING STUPID IDIOT

Dr Eric Farmer3

The whole AI bubble will burst soon. Why do people ignore history?

suffolkcanary.bsky.social3

Of course. This project wasn’t designed to help ‘average investors’ only Musk and professional investors. The former has the money he wanted and the latter will have sold and ran.

JenX_Perth3

Can't say they weren't warned 🤷‍♀️ #DueDiligence 🤦‍♀️

Ronan D. Donnellan3

Elon Ponzi has already cashed out though.

cabanaboy.bsky.social3

It has a long long way to go Wait until the first quarterly report shows they lose money every quarter Even long term it’s unclear they can make profit on Space launches

Tom BunchOfNumbers3

it will go even lower

Don't Ask, Won't Tell3

Oh, shit. My wine came out my nose!!! There is a stupid motherfucker born EVERY MINUTE. Did they not hear about Twitter? Tesla? Um, his ketamine habit? Money catches way more fools than Midway Barkers.

Kis Brink3

Being a nice enough person to even have worried about Elon Musk I do feel a bit bad about his sometimes easy to imagine being rabid fans. If wealth and intelligence were not conflated when extreme wealth is more of a measure of amorality as being able to get rid of dire need many times over ...

Good news yes indeed!….😂 spaceX stock should keep tumbling, 💩Musk deserves it since he started with riches building more riches off the backs of his company workers!😡 and for those who barely get beyond ‘minimum wage pay’ celebrate him being a trillionaire😬…what a shame!

Cynthia Cooper2

Bc its value is rooted in grift from its white supremacist , ketamine addicted , rapist(Epstein adjacent) , grifting owner Musk. Born w a golden spoon in his nasty mouth - vomitting racist , sexist bs ever since. Grifters gonna grift - let is Icarus Fall begin.

Donald (not the Facist) - 🥲USA 🇨🇦Friendly2

I heard some expression about the rich getting richer. Early/Big money cashed out and took immense profits. SpaceX & Tesla will become of ETFs, mutual funds & regular people’s portfolios whether you like it or not. Look inside.

Sokyle2 🇺🇸 🇰🇷 🇫🇷 🇺🇦 🇹🇭 🇹🇼 🏳️‍🌈 🏳️‍⚧️2

Nothing funny about this as retail investors, who invest after the initial release, take most of the hit as the big brokerages and hedge funds dump their shares when the share price skyrockets This happens on everyone of the overhyped IPOs

NEOLUDDITE ACTION2

„Average investors“ are the exit liquidity.

rockslammer2

FOMO does now end well when buying an IPO. Call me when MUSK falls below $999 billion. Until then, it's just rich people arguing about which pile of money is bigger.

Felicia Valentina 2

I don't feel a bit sorry for the idiots who got suckered.

Old Man with a Dog2

You could see it coming that with the changes to when the rich could get out there would be a bloodbath of the small retail investors! SHAME ON REGULATORS! SHAME ON THE MARKET!! In Trump’s world, the little guy is the mark! Only the very rich get richer!

Mike Turczyn 🇺🇦2

The smart play for daytraderdipshits was to ride it down with puts, but "Le Apes 2gether Stronk 4 Daddy Elon" so now they'll just create a subreddit and sit there coping for the next decade and "🚀🚀🚀" every time there's a blipsqueeze none of them actually had short calls on

Hey Jude!40

Should be the other way around: Average investor sees gains wiped out as SpaceX stock plunges 23%. Are there no editors anymore?

pillsbury20

so lots of incels fell for that pump and dump.

Von Neely20

Musk's entire stock market history was nothing but pump & dumps before. Not sure why anyone expected anything different this time.

Lynn Spann Bowditch20

Ok. Not to be THAT guy, but really, have they never heard that what went up will experience rapid unscheduled disassembly?

Mary Hilton19

Anyone who bought this IPO when it launched was an idiot. Thinking that a billionaire who blows up rockets on our dime is actually worth anything? Serves them right.

Steven12

Yeah, don't worry, it will drop more after each round of early adopter (employees, venture capitalist) share releases from now until December I think it was. What's that about something "born every minute"?

KittenKoder12

Space X and the Bezos rocket shit all needs to be shut the fuck down. The real problem is that the US government will just give Space X more fucking money from our taxes.

gnocchi dokey (she or they)11

the only reason that sucks is people's 401ks got invested in this bullhockey. but anyone who bought in by choice got exactly what was coming to them

deut2314.bsky.social10

I hope the SpaceX/Tesla cult has its Jonestown moment pretty soon. Mass hysteria is so ugly and embarrassing.

mlmartello.bsky.social10

Musk always has an angle and finds a scheme to make others bear the brunt of his losses. That’s the mentality of the regime he helped put in place.

Alexa Hawaii8

Yes, it was predicted …

The Crusader Project5

Sure you can dunk on Elon all you want, but without him neither of my kids would know what ‘pump and dump’ means.

dev1992.bsky.social5

We shouldn't be in space, we should be helping this planet

bskwitter.bsky.social4

Might be a good time to start looking around for a "Musk-less index fund"

Leo3

Not enough....... needs to go tumble 99%.

John in Western New York3

The rule of IPOs is an easy one..... Insiders are "bonused" pre-ipo shares or they can buy in at a discount. The stock is over valued for the IPO The public rushes in and overpays Insiders cash out and the price tumbles Wall St corruption. www.cnbc.com/2026/05/21/s...

mgo05.bsky.social3

That was to be expected

Sydney Carton3

I'm old enough to remember this: pluang.com/en/news-feed...

hypertazdad.bsky.social2

He got his trillions so who cares right? I read analysis put the valuation closer to $7 per share w all the debt to be carried and the future income naked into the opening price (an Enron trick) expected from pie in the sky future projects.

🫘Desireé Owen2

This is Wall Street malpractice like I've never seen. They should be ashamed.

tuckaduck.bsky.social2

Hmmmm, only person making money on this company...oh wait...THE ONLY TWO...Musty and Orange-Sh!t-in-diaper

Maryland Blue Girl 💙 I have words and know how to use them2

Idiots to invest in it.

M̶̹͆øs̷̕s̷̯̕y̷̌ A̵n̴̬̐t̴͠l̶ë̶r̶̻͌ë̶̠d̵̰͋ B̷̛͙ë̶̠a̴s̷̯̕t🔞2

More insider trading and rugpulling

Stormageddon, Dark Lord of All2

This is precisely how it always was intended. This whole "IPO" was just one insane, shameless cash grab.

Eric Richards2

Haha stock crashed like most of the rockets.

Rhonda Barangan2

So since Musk-rat's "wealth" is only imaginary, tied to the stock in "his" companies, does this mean he is not a trillionaire anymore?

Salute Gesundheit2

Leon wants to operate the space buses to the incoming alien motherships.

Carter2

We all know that the entire purpose of it was to push Elonazi's personal fortune past the trillion dollar mark. It succeeded, so now he doesn't give a shit what happens to the investors' money.

Jim Teeth10

The Great Space Coaster (SpaceX) had announced it was going to float $20b in bonds to pay off a $20b loan that was supposed to be paid off with money from raised in the IPO. I have no clue what they are doing. I do know that anyone buying bonds in a company with massive negative cash flow is stupid.

electricpolecat.bsky.social8

The main purpose of the SpaceX IPO was to separate fools from their money.

Anchovy Georgiev7

"Once the rockets are up, who cares where they come down”

Tastes Like Purple7

What a wildly predictable turn of events.

notidefix.bsky.social7

this is worth a viewing.... ....explains how SpaceX tried to rig the IPO to prop up their share price so they can fund future losses www.youtube.com/watch?v=wKXg...

Probably not good news for trillionaires

David/Trout5

He's not a trillionaire anymore. Whoopsie.

Suzanne Bradley3

Glad I didn't buy any shares then.

Rob - Feral Cat Dude2

"Get back in there and SELL, SELL!!"

Ethel Crimble2

And the purchase money went where?!

Brian3

Industry seems trapped by CEO egos in an enormous sunk cost fallacy. Meta, SpaceX, Microsoft spending $1.5 trillion on LLMs that are just blips in user stats. The field is Gemini and Claude's to lose. OpenAI is running out of runway, but could yet. Smart thing is to stop digging those holes.

Doug Mohney2

You mean SpaceX, the world's most capitally expensive AI data center hosting company? :)

Denali FOREVER 🎨🖌🐈‍⬛2

If the EV auto "genius" has his cars blow up and the rocket genius has his rockets blow up, pretty sure this is predictably on brand for the "genius". I do think the stock market manipulation doesn't make you anything but an opportunist grifter.

Veronica 🇺🇸 🇮🇹 🇺🇦 🇳🇴 🇲🇽 🇩🇪 🇨🇦 🍁4

The world's richest man starving the world's poorest children. “Into the Wood Chipper”: Whistleblower’s Inside Story of DOGE Shredding USAID, 14 Million May die. www.democracynow.org/2026/4/16/us...

Dan 🔵🌊🇺🇸3

I would laugh, but he's still obscenely wealthy, regardless. I hope to live long enough to see all billionaires taxed out of existence.

Machine Gun Kelly2

All of that $, and he is both miserable and lost. I wouldn't trade places with him for anything.