The average SpaceX buyer post-IPO is almost under water after two-day slide | Hacker News Reader

The average SpaceX buyer post-IPO is almost under water after two-day slide

cnbc.com

40 points1vuio0pswjnm720 comments

That last line is pretty hilarious: "investors have begun reassessing whether the stock’s rapid advance can be justified by fundamentals."

It mostly means the news is on autopilot and refuses to do real analysis and everythings just a horse race of feelings rather than real critical anlysis.

This is called Realsatire in German. "Not the Onion".

Strange way to phrase that the average buyer post-IPO is in the green.

It was an odd way of saying the average post-IPO buyer was breaking even and then they went and updated the prices at EoD yesterday without really changing the title and it become a bit silly. Then they didn't update it again this morning but it was not at all the case, by lunch very much actually the case, and currently back to where it was at close yesterday so the article is as confusing as it was last night.

Not really the type of article that was worth updating or sharing any time after it was originally written.

When you have an agenda to fulfill… and you must frame it negatively…

Literally happened with every other huge IPO in the last decade. I don't understand the obsession

The SpaceX IPO was a textbook crypto scam ICO. Launch with a huge media frenzy, super low float, "airdrop" to retail, etc.

We all know from previous token launches that the next few years will be a slow decline in price with just enough occasional bounces to keep up the hopes of the bag-holders.

First time I've seen "VWAP" - Volume weighted average price. Though it's not immediately clear over what timescale they average

Seems to be a five day rolling window?

It’s a very common metric in finance (pronounced vee-wop), usually measured over a single day (though as in this case, it can be measured over multiple days). It represents the closest true answer to the question “what was such and such stock trading at on this day or across these days.” (Averaging closing prices is less representative, though fine for back-of-the-envelope work.)

We had covid experts, and we now have stock market and IPO experts. This community is hilarious.

It's a fantasy market. You shouldn't be able to make hundreds of billions only because the stock market is full of illiterate optimists. I don't believe in the Wisdom of the Crowd. This is the political populism turned financial. People abandoned cryptocurrency (at least one positive thing), precious metals, and fundamentals-based stocks to free up funds for overhyped IPOs. This really removes any incentives to start a legit business, as it's much more profitable to launch a bubble. I'm not saying SpaceX isn't a real business, but it can't be worth more than the combined economies of many countries, for example. Just convert a few trillion dollars into Albanian or Greek islands, for example. It's crazy, really! And is, for example, Anthropic worth over a trillion dollars only because it's just less than 6 months ahead of the Chinese?! This lead will not last forever, and it will only get shorter.

Access to space is almost infinitely valuable. It is literally the only way to retrieve extraterrestrial resources, which are effectively infinite.

It also leads the way to extraterrestrial manufacturing, which will be a revolution!

Not today, not tomorrow, not 5 years from now. Meanwhile, everybody's working on reusable rockets, including the Chinese.

Ha, sure, not five years from now what about 10? Many times technological paradigm changes have been quite unexpected.

Why is this in the news? Not all IPOs pop.

It did pop though.

The news apparently is that after a pop comes a decrease.

Stocks move unpredictably?! My god, stop the presses!

Just wait until next week. Then everyone will be underwater.

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