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SpaceX stock drops to a new low and loses $1 trillion in value in a month
(www.businessinsider.com)
this post was submitted on 17 Jul 2026
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Technology
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Biggest pump and dump scheme yet... Now come the gov bailout to keep the company afloat while dismantling NASA further
I was looking at this a while back, and I don't think insiders can sell for a while yet, but I think this really has been a gift to short sellers.
In the end, I didn't end up buying into the IPO because it seemed overpriced, and while I do like the idea of some of the business (Starlink) I don't understand why it's got to come with a fucking social network of all things.