SpaceX stock sinks below $135 IPO price for the first time
cnbc.com
5 threads
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SpaceX bond worth 10% less than issue price – heading for junk bond status
And the lock up period isn't even over yet.
Hard not to notice how low they’ve set the bar for tomorrow’s flight.
Plenty of room to keep falling.
Still has a 1.78T market-cap. It will be OK.
So still 1.5T to go down?
I guess if you start an absurdly high number that makes no sense, then somehow group think only brings it down a bit and it’s still better than aiming for “true” valuation?