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SpaceX Investors in Meltdown Over All the Money They’ve Lost
['Joe Wilkins', 'Victor Tangermann', 'Frank Landymore']
Futurism
Elon Musk’s SpaceX is many different things to many different people — but one thing that it definitely isn’t is a get-rich-quick scheme.
Since its debut on the public tickers back in early June, SpaceX shares have sunk from a high of over $225 to a dismal $110 today, as compounding failures and overvaluation fears take their toll.
Overall, SpaceX is down nearly 30 percent compared to its opening stock price of $150 — and all those day-one rubes are now seeing red.
“Elon has ruined me,” one Redditor posted on r/WallStreetBets, along with a screenshot showing a loss of nearly $455,000 CAD on thousands of SpaceX shares.
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