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Chris Remington ( remington@beehaw.org ) MA to Technology · 3 months ago

SpaceX stock drops to a new low and loses $1 trillion in value in a month

www.businessinsider.com

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SpaceX stock drops to a new low and loses $1 trillion in value in a month

www.businessinsider.com

Chris Remington ( remington@beehaw.org ) MA to Technology · 3 months ago
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SpaceX's market cap has lost about $1 trillion in value since its June 16 peak and hit a new low since its record-breaking IPO.
  • Helix 🧬 ( helix@feddit.org ) 
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    3 months ago

    I made 29% within a week shorting SpaceX already, should I hodl or sell my position at some point? Do we think it’ll ever recover?

    • sobchak ( sobchak@programming.dev ) 
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      3 months ago

      If it’s like Tesla stock, it will behave completely irrationally. Though, I guess most of the stock market is irrational now.

      • k_rol ( k_rol@lemmy.ca ) 
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        3 months ago

        Now? The whole thing has always been based on human feelings, that’s the point. I think you mean it is more volatile now? Or maybe it changes more radically?

    • apotheotic (she/her) ( apotheotic@beehaw.org ) 
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      3 months ago

      We’re talking about a business led by the richest person in the world who has already made it entirely clear he can buy his way to anything he desires. 30% is a tidy sum, I’d lock it in and call it a day.

    • supersquirrel ( supersquirrel@sopuli.xyz ) 
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      3 months ago

      It will not, not permanently.

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