SpaceX Drops 14% in One Day, Price Now Below IPO Launch

SpaceX just had a very bad day on the market, dropping 14% in a single session as nerves build around insiders soon being allowed to sell shares and a giant $20 billion borrowing push. But in the comments, nobody is calmly crunching numbers — they’re dragging the stock, the hype, and each other. One poster flat-out called it a “pump and dump scheme”, with the extra sting that ordinary retirement accounts may have been pulled along for the ride. Another delivered the joke of the thread, dubbing the plunge a “rapid unscheduled financial disassembly,” a wink to SpaceX’s famous way of describing rockets that explode.

The hottest fight wasn’t even about the drop itself — it was about whether the price was ever real in the first place. One commenter blasted both the original pricing and the current one as “delusional,” arguing the company leans heavily on money from the US government while also picking fights with politicians who control that money. That’s where the drama really lives: not just “stock down,” but “was this whole thing overhyped from day one?” Then came the correction squad. One user jumped in to say, basically, hold on, the stock is not below its true historic starting price, only around where it began trading publicly that first day. So yes, there’s panic, sarcasm, and victory laps — but also the classic internet battle over what the numbers actually mean. View more if you want the chart; the comments are where the fireworks are.