stermy4u@lemmy.world to Technology@lemmy.worldEnglish · 9 days agoSpaceX Stock Plummets Below IPO Price as $1 Trillion Vanishestownflex.comexternal-linkmessage-square36linkfedilinkarrow-up1314arrow-down18
arrow-up1306arrow-down1external-linkSpaceX Stock Plummets Below IPO Price as $1 Trillion Vanishestownflex.comstermy4u@lemmy.world to Technology@lemmy.worldEnglish · 9 days agomessage-square36linkfedilink
minus-squareNotMyOldRedditName@lemmy.worldlinkfedilinkEnglisharrow-up16·edit-29 days agoA lot of people really dont understand this. SpaceX got the money. Its on their balance sheet. Everyone who bought at $135 IPO price was giving money to SpaceX. Everyone since then is just trading shares between each other. The real shitshow starts once insiders can sell, until that happens we wont really know what price the market will settle at.
minus-squareSaveTheTuaHawk@lemmy.calinkfedilinkEnglisharrow-up1·edit-28 days agohttps://www.secform4.com/insider-trading/1181412.htm https://www.secform4.com/filings/1181412/0001628280-26-044069.htm
minus-squareNotMyOldRedditName@lemmy.worldlinkfedilinkEnglisharrow-up1·8 days agoThis is mainly just showing a lot of option conversions / actions that happened because of the merger / IPO. There’s a small sale on the first form in March, and the 2nd form in April
A lot of people really dont understand this.
SpaceX got the money. Its on their balance sheet.
Everyone who bought at $135 IPO price was giving money to SpaceX.
Everyone since then is just trading shares between each other.
The real shitshow starts once insiders can sell, until that happens we wont really know what price the market will settle at.
https://www.secform4.com/insider-trading/1181412.htm
https://www.secform4.com/filings/1181412/0001628280-26-044069.htm
This is mainly just showing a lot of option conversions / actions that happened because of the merger / IPO.
There’s a small sale on the first form in March, and the 2nd form in April