SpaceX stock took a predictable trajectory

SpaceX had its initial public offering yesterday at one hundred thirty-five dollars per share. According to Boing Boing, the stock initially surged to two hundred fifty-one dollars, but has since fallen to one hundred forty-nine dollars—barely above where it started. That means virtually every investor who bought in after the first trading day is now at a loss. The plunge also cost Elon Musk his trillionaire status.

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