SpaceX Drops 9%, Erasing $210 Billion as Post-IPO Rally Unwinds
SpaceX shares fell as much as 9% on Thursday, extending the reversal that began a day earlier and erasing at least $210 billion in market value as the company’s post-IPO rally continued to unwind. The stock had already swung from a gain of as much as 6% to a decline of about 3% on Wednesday after a four-day run that briefly pushed SpaceX near $2.5 trillion in value, ahead of Amazon and, briefly, Microsoft.
The volatility followed an exceptional burst of speculative trading around the listing. More than 1.7 million options contracts traded on the first day, while 2x leveraged ETFs tied to SpaceX generated more than $3 billion of volume on day two. Market commentary has also centered on the company’s limited public float, adding to scrutiny of whether supply constraints amplified both the initial surge and the subsequent pullback.
From the sources (25 posts)
@wallstengineIn just 3 days since the biggest IPO ever: $SPCX has traded over 1B shares 2x leveraged ETFs are already live: $SPCH & $SSPC Become the 4th-largest company 1st-day options premium traded topped $2.5B Musk’s net worth now swings ~$
@cryptorover🚨 SPACEX MAY BE THE BIGGEST EXIT LIQUIDITY EVENT IN MARKET HISTORY. SPCX is up 70% from IPO. But only 4% of shares actually trade publicly. The other 96% are still locked. Now passive funds are being FORCED to buy while insiders prepare
@cnbcSpaceX gains 4% after surpassing Amazon in market cap
@businessSpaceX shares are poised for a fourth straight day of gains, reinforcing the company’s place among the world’s largest
@cryptoroverSpaceX valuation: $2.5 TRILLION Amazon valuation: $2.560 TRILLION SpaceX revenue: $18 BILLION Amazon revenue: $742.8 BILLION Ouch...
@deitaone$SPCX - SPACEX SPARKS TECH BUBBLE FEARS SpaceX’s near-50% surge after its IPO has raised concerns that tech valuations may be overheating. Now the world’s fifth-most valuable company, SpaceX’s rally comes despite no profit forecast and do
@businessSpaceX’s rising share price has raised questions for venture investors weighing whether to sell
@unusual_whalesHere are the greatest changes in open interest for $SPCX: A wild day 1 of trading with over 1,700,000 options contracts traded! See the latest SPCX flows with Unusual Whales:
@laurashinCrypto's market cap touched $3T this week — and it had nothing to do with crypto 👀 A SpaceX short squeeze on Hyperliquid & Binance did the heavy lifting. Bitcoin barely moved. Derivatives say traders still aren't convinced. The number is
@calilyliuRT @brian_smith_0: Backpack went from 0% to >50% market share of tokenized stock volume in 5 days with their SpaceX launch on Solana. Major…
@ericbalchunasInteresting, while LeverageShares has by far won the volume race, ProShares' $SPCF has taken in most cash $184, next most is only $45m (all of them took in at least something) for total of $308m. Won't really have clear pic for a week or tw
@deitaoneSPACE X LEVERAGED ETF MANIA SURGES Trading in 2x SpaceX ETFs has topped $3B (up from $1B yesterday), with nearly all funds already above $100M AUM. $SPCH reached $1.3B in volume—reportedly the highest ever for a Day Two ETF, surpassing $I
@reuters🚀 SpaceX briefly overtook Microsoft in value after a blistering run. Bubble fears vs. momentum — explained on the Reuters Morning Bid podcast
@ericbalchunasIf $SPCX is value than what’s growth?
@cryptorover🚨 THIS MAY BE THE MOST MANIPULATED VALUATION THE STOCK MARKET HAS EVER SEEN. Only 4% of SpaceX shares are actually trading right now. The entire $2.5T valuation is being calculated from a tiny sliver of shares while 96% of the company rem
@wallstengineRT @wallstengine: In just 3 days since the biggest IPO ever: $SPCX has traded over 1B shares 2x leveraged ETFs are already live: $SPCH &…
@zerohedge"Absolute Panic": Deep Dive Inside SpaceX Options Trading, And What It Means For The Stock Price
@stockmktnewzSpaceX $SPCX confirmed it will be releasing its official company disclosures on X instead of the newswires SpaceX earnings calls live on X???
@yahoofinance$SPCX shares are set to rise for a fourth straight day, keeping the company ahead of Amazon by market value. Explore more premium news and analysis on $SPCX in AlphaSpace:
@zerohedgeSPCX options #2 out of the gate
@firstsquawkSPACEX SHARES TURN NEGATIVE, ERASE GAIN OF AS MUCH AS 6%
@deitaone$SPCX - SPACEX SHARES EXTEND DECLINES, LAST DOWN 3%
@0xfoobarRT @matt_slotnick: i want to know at what point in the last year Elon decided he could pivot SpaceX to a Neocloud to go public at a premium…
@fintechfrankNEW: Retail investors are pouring into U.S. stocks at a record pace. According to Citadel Securities, the day of SpaceX’s blockbuster IPO marked the largest single day of net retail stock buying ever recorded by the firm, which handles rou
@cryptorover🚨 SPACEX JUST LOST $190 BILLION IN A SINGLE DAY. By the time retail realizes this was a low-float bubble trading at nearly 100x revenue, the real crash would have already started.