In other words, a significant portion of SpaceX IPO investors sold at the exact same time the NASDAQ index was buying. A considerable number of SpaceX IPO investors bought in with the express purpose of making a quick buck by flipping the stock to the index funds. That would triple the number of SpaceX shares in the open market, which would utterly crash it. It is foolish to believe that SpaceX insiders are going to try and GameStop this sale and all hold together. Sadly, I do not have time today to fully explain how I would value SpaceX — that is for another article, another day.