SpaceX plunges 25% on its stock market debut as IPO euphoria fades
SpaceX shares have fallen 25% since its IPO. Only 5% of the stock was floated. Pictet valued the company at $80. Scam or correction?
English · Original discussion in Spanish · Published
SpaceX plunges 25% after going public: euphoria gives way to reality
SpaceX's stock market debut was billed as the biggest opportunity of the decade. Just days later, the shares have lost a quarter of their value, and the debate over whether this was a manufactured bubble is now in full swing. Critics point out that the company reached a market capitalization higher than Amazon and Microsoft without the fundamentals justifying it.
The skeptics' main argument is that only 5% of the shares were floated, which allowed an artificial price to be set. Firms such as Pictet valued the company at $80, far below the listing price. Comparisons with the Gowex case, though with caveats, are circulating among investors who warn of a possible orchestrated scam designed to make retail investors foot the bill.
Other analysts argue this is a logical correction after the initial euphoria, and that SpaceX remains a leading company in the space sector. Still, the FOMO pattern has been seen before: the investors who bought at the listing are the ones now bearing the losses. Some predict the same dynamic will repeat itself with the upcoming IPOs of Anthropic and OpenAI.
If the correction continues, it could become a mirror of other tech bubbles. But there is also the possibility that the market is overreacting. For now, the retail investors who took the bait are paying the price.
SpaceX's stock market debut was billed as the biggest opportunity of the decade. Just days later, the shares have lost a quarter of their value, and the debate over whether this was a manufactured bubble is now in full swing. Critics point out that the company reached a market capitalization higher than Amazon and Microsoft without the fundamentals justifying it.
The skeptics' main argument is that only 5% of the shares were floated, which allowed an artificial price to be set. Firms such as Pictet valued the company at $80, far below the listing price. Comparisons with the Gowex case, though with caveats, are circulating among investors who warn of a possible orchestrated scam designed to make retail investors foot the bill.
- A 25% drop since the stock market debut.
- Only 5% of the shares were offered to the public.
- Pictet valued SpaceX at $80, far below much higher speculative prices.
Other analysts argue this is a logical correction after the initial euphoria, and that SpaceX remains a leading company in the space sector. Still, the FOMO pattern has been seen before: the investors who bought at the listing are the ones now bearing the losses. Some predict the same dynamic will repeat itself with the upcoming IPOs of Anthropic and OpenAI.
If the correction continues, it could become a mirror of other tech bubbles. But there is also the possibility that the market is overreacting. For now, the retail investors who took the bait are paying the price.
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Summary of a discussion on Burbuja.info - Foro de economía, actualidad y política., translated from Spanish and reviewed before publication. Read the full discussion (14 replies).
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