▲ 553 ▼ SpaceX Stock Plummets Below IPO Price as $1 Trillion Vanishes (townflex.com) submitted 2 months ago by stermy4u@lemmy.world to c/technology@lemmy.world 104 comments fedilink hide all child comments
[–] someguy3@lemmy.world 20 points 2 months ago* (last edited 2 months ago) (14 children) Early investors are still in their lock in period. permalink fedilink source parent hideshow 14 child comments replies: [–] NotMyOldRedditName@lemmy.world 37 points 2 months ago* (8 children) 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. permalink fedilink source parent hideshow 8 child comments replies: [–] mannycalavera@feddit.uk 11 points 2 months ago (5 children) What's a typical lock in period? permalink fedilink source parent hideshow 5 child comments replies: [–] NotMyOldRedditName@lemmy.world 16 points 2 months ago (2 children) Usually around 6 months, but they pulled some shenanigans to make it shorter somehow, but i dont really know the specifics in this case. permalink fedilink source parent hideshow 2 child comments replies: [–] ExcessShiv@lemmy.dbzer0.com 11 points 2 months ago (1 child) Those shenanigans being "corruption" in this case. permalink fedilink source parent hideshow 1 child comment replies: [–] NotMyOldRedditName@lemmy.world 3 points 2 months ago I wouldn't rule out possible blackmail or extortion either. permalink fedilink source parent [–] Sineljora@sh.itjust.works 4 points 2 months ago (1 child) The article says nearly 1B shares can be sold next month permalink fedilink source parent hideshow 1 child comment replies: [–] NotMyOldRedditName@lemmy.world 3 points 2 months ago* For reference, of all the shares that were sold in the IPO, only 281m are able to be traded, the rest are in their own lockup periods from institutional investors. So 1b potential shares flooding the market in 1 month could increase the float by 3.56x permalink fedilink source parent [–] SaveTheTuaHawk@lemmy.ca 2 points 2 months ago* (1 child) https://www.secform4.com/insider-trading/1181412.htm https://www.secform4.com/filings/1181412/0001628280-26-044069.htm permalink fedilink source parent hideshow 1 child comment replies: [–] NotMyOldRedditName@lemmy.world 1 point 2 months ago 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 permalink fedilink source parent [+] Appoxo@lemmy.dbzer0.com -14 points 2 months ago (4 children) How early? I made my entry on the 8th June and sold on the 15th June expecting the crash. (To any zealot wanting to dump on me for trying to acquire wealth for a home: Please leave out any musk bad, spacex bad etc. comments out. Not interested in those) permalink fedilink source parent hideshow 4 child comments replies: [–] chunkystyles@sopuli.xyz 15 points 2 months ago (1 child) What topics are we allowed to bring up, my lord? permalink fedilink source parent hideshow 1 child comment replies: [–] nullify3112@lemmy.world 2 points 2 months ago Hate the game, not the player permalink fedilink source parent [–] someguy3@lemmy.world 3 points 2 months ago* (1 child) The big players that invested years ago. They aren't allowed to dump their stock on day 1 because of the obvious issues. But as they are allowed to sell, that increases the selling pressure as well as increasing the share pool available. permalink fedilink source parent hideshow 1 child comment replies: [–] Appoxo@lemmy.dbzer0.com 2 points 2 months ago* (last edited 2 months ago) Ah I see, the pre-IPO share holders. permalink fedilink source parent
[–] NotMyOldRedditName@lemmy.world 37 points 2 months ago* (8 children) 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. permalink fedilink source parent hideshow 8 child comments replies: [–] mannycalavera@feddit.uk 11 points 2 months ago (5 children) What's a typical lock in period? permalink fedilink source parent hideshow 5 child comments replies: [–] NotMyOldRedditName@lemmy.world 16 points 2 months ago (2 children) Usually around 6 months, but they pulled some shenanigans to make it shorter somehow, but i dont really know the specifics in this case. permalink fedilink source parent hideshow 2 child comments replies: [–] ExcessShiv@lemmy.dbzer0.com 11 points 2 months ago (1 child) Those shenanigans being "corruption" in this case. permalink fedilink source parent hideshow 1 child comment replies: [–] NotMyOldRedditName@lemmy.world 3 points 2 months ago I wouldn't rule out possible blackmail or extortion either. permalink fedilink source parent [–] Sineljora@sh.itjust.works 4 points 2 months ago (1 child) The article says nearly 1B shares can be sold next month permalink fedilink source parent hideshow 1 child comment replies: [–] NotMyOldRedditName@lemmy.world 3 points 2 months ago* For reference, of all the shares that were sold in the IPO, only 281m are able to be traded, the rest are in their own lockup periods from institutional investors. So 1b potential shares flooding the market in 1 month could increase the float by 3.56x permalink fedilink source parent [–] SaveTheTuaHawk@lemmy.ca 2 points 2 months ago* (1 child) https://www.secform4.com/insider-trading/1181412.htm https://www.secform4.com/filings/1181412/0001628280-26-044069.htm permalink fedilink source parent hideshow 1 child comment replies: [–] NotMyOldRedditName@lemmy.world 1 point 2 months ago 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 permalink fedilink source parent
[–] mannycalavera@feddit.uk 11 points 2 months ago (5 children) What's a typical lock in period? permalink fedilink source parent hideshow 5 child comments replies: [–] NotMyOldRedditName@lemmy.world 16 points 2 months ago (2 children) Usually around 6 months, but they pulled some shenanigans to make it shorter somehow, but i dont really know the specifics in this case. permalink fedilink source parent hideshow 2 child comments replies: [–] ExcessShiv@lemmy.dbzer0.com 11 points 2 months ago (1 child) Those shenanigans being "corruption" in this case. permalink fedilink source parent hideshow 1 child comment replies: [–] NotMyOldRedditName@lemmy.world 3 points 2 months ago I wouldn't rule out possible blackmail or extortion either. permalink fedilink source parent [–] Sineljora@sh.itjust.works 4 points 2 months ago (1 child) The article says nearly 1B shares can be sold next month permalink fedilink source parent hideshow 1 child comment replies: [–] NotMyOldRedditName@lemmy.world 3 points 2 months ago* For reference, of all the shares that were sold in the IPO, only 281m are able to be traded, the rest are in their own lockup periods from institutional investors. So 1b potential shares flooding the market in 1 month could increase the float by 3.56x permalink fedilink source parent
[–] NotMyOldRedditName@lemmy.world 16 points 2 months ago (2 children) Usually around 6 months, but they pulled some shenanigans to make it shorter somehow, but i dont really know the specifics in this case. permalink fedilink source parent hideshow 2 child comments replies: [–] ExcessShiv@lemmy.dbzer0.com 11 points 2 months ago (1 child) Those shenanigans being "corruption" in this case. permalink fedilink source parent hideshow 1 child comment replies: [–] NotMyOldRedditName@lemmy.world 3 points 2 months ago I wouldn't rule out possible blackmail or extortion either. permalink fedilink source parent
[–] ExcessShiv@lemmy.dbzer0.com 11 points 2 months ago (1 child) Those shenanigans being "corruption" in this case. permalink fedilink source parent hideshow 1 child comment replies: [–] NotMyOldRedditName@lemmy.world 3 points 2 months ago I wouldn't rule out possible blackmail or extortion either. permalink fedilink source parent
[–] NotMyOldRedditName@lemmy.world 3 points 2 months ago I wouldn't rule out possible blackmail or extortion either. permalink fedilink source parent
[–] Sineljora@sh.itjust.works 4 points 2 months ago (1 child) The article says nearly 1B shares can be sold next month permalink fedilink source parent hideshow 1 child comment replies: [–] NotMyOldRedditName@lemmy.world 3 points 2 months ago* For reference, of all the shares that were sold in the IPO, only 281m are able to be traded, the rest are in their own lockup periods from institutional investors. So 1b potential shares flooding the market in 1 month could increase the float by 3.56x permalink fedilink source parent
[–] NotMyOldRedditName@lemmy.world 3 points 2 months ago* For reference, of all the shares that were sold in the IPO, only 281m are able to be traded, the rest are in their own lockup periods from institutional investors. So 1b potential shares flooding the market in 1 month could increase the float by 3.56x permalink fedilink source parent
[–] SaveTheTuaHawk@lemmy.ca 2 points 2 months ago* (1 child) https://www.secform4.com/insider-trading/1181412.htm https://www.secform4.com/filings/1181412/0001628280-26-044069.htm permalink fedilink source parent hideshow 1 child comment replies: [–] NotMyOldRedditName@lemmy.world 1 point 2 months ago 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 permalink fedilink source parent
[–] NotMyOldRedditName@lemmy.world 1 point 2 months ago 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 permalink fedilink source parent
[+] Appoxo@lemmy.dbzer0.com -14 points 2 months ago (4 children) How early? I made my entry on the 8th June and sold on the 15th June expecting the crash. (To any zealot wanting to dump on me for trying to acquire wealth for a home: Please leave out any musk bad, spacex bad etc. comments out. Not interested in those) permalink fedilink source parent hideshow 4 child comments replies: [–] chunkystyles@sopuli.xyz 15 points 2 months ago (1 child) What topics are we allowed to bring up, my lord? permalink fedilink source parent hideshow 1 child comment replies: [–] nullify3112@lemmy.world 2 points 2 months ago Hate the game, not the player permalink fedilink source parent [–] someguy3@lemmy.world 3 points 2 months ago* (1 child) The big players that invested years ago. They aren't allowed to dump their stock on day 1 because of the obvious issues. But as they are allowed to sell, that increases the selling pressure as well as increasing the share pool available. permalink fedilink source parent hideshow 1 child comment replies: [–] Appoxo@lemmy.dbzer0.com 2 points 2 months ago* (last edited 2 months ago) Ah I see, the pre-IPO share holders. permalink fedilink source parent
[–] chunkystyles@sopuli.xyz 15 points 2 months ago (1 child) What topics are we allowed to bring up, my lord? permalink fedilink source parent hideshow 1 child comment replies: [–] nullify3112@lemmy.world 2 points 2 months ago Hate the game, not the player permalink fedilink source parent
[–] nullify3112@lemmy.world 2 points 2 months ago Hate the game, not the player permalink fedilink source parent
[–] someguy3@lemmy.world 3 points 2 months ago* (1 child) The big players that invested years ago. They aren't allowed to dump their stock on day 1 because of the obvious issues. But as they are allowed to sell, that increases the selling pressure as well as increasing the share pool available. permalink fedilink source parent hideshow 1 child comment replies: [–] Appoxo@lemmy.dbzer0.com 2 points 2 months ago* (last edited 2 months ago) Ah I see, the pre-IPO share holders. permalink fedilink source parent
[–] Appoxo@lemmy.dbzer0.com 2 points 2 months ago* (last edited 2 months ago) Ah I see, the pre-IPO share holders. permalink fedilink source parent