this post was submitted on 18 Jul 2026
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SpaceX Stock Plummets Below IPO Price as $1 Trillion Vanishes (townflex.com)
submitted 1 month ago by stermy4u@lemmy.world to c/technology@lemmy.world
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[–] Melobol@lemmy.ml 200 points 1 month ago (19 children)

It didn't vanish. The early investors got their money and the naive buyers left holding their empty bags.
This is what they call exit liquidity.

Exit liquidity refers to investors who buy assets at inflated prices, enabling earlier investors to sell at a profit.
These later investors often incur losses as asset values decline.

It is very common in crypto and in volatile tech stocks.

[–] PriorityMotif@lemmy.world 67 points 1 month ago (1 children)

They also got it on the NASDAQ so if you have an index fund that follows that you bought into it.

[–] boonhet@sopuli.xyz 8 points 1 month ago (1 children)

I exited out of all American ETFs earlier this year so I'm feeling good about myself lol

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