Shares of SpaceX fell as much as 7% Thursday to $178, leaving the stock trading roughly in line with its volume-weighted average price of just under $180.
That’s a weird way of saying a stock started at $135 and is now at $181 a week later, but some people bought it when it was higher than that for a few days.
I mean seriously? I want spacx to fail super hard and musk to get completely dumped on, but this amount of volatility is completely typical when well known companies start an IPO. It sucks it’s like 35% higher than the initial offering price.
This company can NEVER take the financial trajectory they planned for it. Their revenue is dogshit, and when the AI part of the company goes down the drain, even Musk wont be able to salvage the wreckage.
That’s a weird way of saying a stock started at $135 and is now at $181 a week later, but some people bought it when it was higher than that for a few days.
I mean seriously? I want spacx to fail super hard and musk to get completely dumped on, but this amount of volatility is completely typical when well known companies start an IPO. It sucks it’s like 35% higher than the initial offering price.
This company can NEVER take the financial trajectory they planned for it. Their revenue is dogshit, and when the AI part of the company goes down the drain, even Musk wont be able to salvage the wreckage.