What else would you expect trying to make a company that barely makes anything command a trillion dollar evaluation.

Just a note: the same people who predicted this would happen are the same predicting the AI bubble bursting.

Love it. Hope Tesla's next and his house of cards collapses as all the debt leveraged on his Tesla shares comes calling.

All the analysts at the beginning were shouting that the IPO was overvalued.

Making outrageous promises and failing to deliver is Elon Musk's brand.

If you have money to invest, and you lost it in SpaceX without doing your due research, I have no sympathy for you.

(I have no money to invest. I was just following SpaceX and Musk's dubious trillionaire status. He's still, way, way too rich.)

Musk = POS Nazi.

The stock market is gambling.

“SpaceX gamblers in meltdown over not having a winning bet.”

Fools and their money are easily parted.

Seriously WTF did they expect????

I believed in you and lost

Story of Elon's life.

How did this not smell like a pump and dump to everyone?

"I gambled on a thing now I'm having a meltdown that it didn't go my way!"

Oh no, it's the obvious and inevitable outcome that literally everyone saw coming. Who could have know this would happen??!1?

Awww. Poor fuckwits bought into a nazi-run company.

I'm sorry they didn't lose more.

I dunno why yall are celebrating this.

Elon basically gaslighted retail investors, and managers for your retirement funds, into transferring wealth directly to Elon Musk.

Other index funds were forced to buy SpaceX at the IPO price. They literally had no choice, even if they knew they’d lose money. And this includes any overseas ones with exposure to US indices.

This is not something to celebrate. We all just got conned, even if you didn’t buy SpaceX directly.

Since this snuck into a bunch of folks index funds a whole lot of people just paid Elon musk.

Who knew investing in a capitalist fascist would impoverish you?

-24% since IPO is still crazy high. I expected it to drop at least 50% day one. But alas, people are idiots

They have no one to blame but themselves. What kind of flaming idiot puts their trust in Musk after all he has pulled and all that was publicly available about the spacex stock being an AI scam and not the previous core business of spacex.

What… did they think was gonna happen??? It was a huuuuge pump and dump wealth transfer. It was so fucking obvious

Good god, people were actually believing in that stock? Fucking idiots. 😂

That’s a meme stock, or something you buy a single share of just to say you have it. That wasn’t ever going make you rich, certainly not in the short run.

Investors really are just a bunch of toddlers with no memory, no critical thinking skills, and no real skills at all, actually.

If you lost money investing in Musk, I not only have no sympathy but I’m actually going to laugh at you for as long as I have air in my lungs. This, in between my sadness for the lost mkney that could have been used productively to help people.

For everyone blaming his politics for the decline, you clearly weren't paying attention when 75% of Tesla shareholders voted to pay him a $1T bonus last November.

The people dealing with stocks don't care about his politics.

They are going to be really mad because it's still 2x to 4x what it's actually worth, it's gonna drop hard.

They always think they're in on the scam instead of the ones being scammed.

It's so hard to believe how people put so much money into a completely unknown stock (and with the joker Elon Musk involved in it) on day one. These people are not on their first day as investors but they are sure acting like it.

I think too many kids grew up on social media and believe whatever they read there. Fed by algorithms.

Even though, these guys have so much money so I guess it's adults? It's pretty shocking.

I feel bad for them.

They probably had podcast after podcast pumping out information about SpaceX being a lock and also lack the discipline to sell when sitting on an unrealized profit; Meanwhile Elon still has 800 billion despite being a massively incompetent, douchebag silver spoon baby.

At some point dumbasses will realize it's a bad idea to dump your money on Elon Musk, the biggest fucking idiot there is...

You don't understand, Elon is a genius and this is all part of his plan. /s
Btw, now that his stocks are plummeting, do you think banks will make him pay them back? That would be fun.

That's what you get for gambling.