SpaceX stock erases all its gains and slides below IPO price in intraday trading

SpaceX had one of the splashiest stock market debuts around, but the mood online turned from to the moon to back to Earth real fast. Shares briefly slipped below their $135 launch price for the first time since the company went public, wiping out all those early gains before crawling back to close at $135.27. That tiny recovery did nothing to calm the comment section, where people were already roasting the whole spectacle like it was the most predictable plot twist in finance.

The loudest reaction? A big chorus of "we told you so." One camp argued this is just the classic pattern for hyped-up stock launches: lots of excitement, a big jump, then reality barges in and asks where the actual business basics are. Another group was much meaner, calling the price wildly detached from reality and saying the public launch was basically a fancy exit ramp for early investors. In plain English: some commenters think the rich got out while regular buyers got stuck holding the bag.

But there was a mini-fight inside the pile-on. A few cooler heads wondered if dropping back near the starting price actually means the launch was priced about right after all. That take got drowned out by the sarcasm, with commenters mocking "dumb money," eye-rolling at irrational hype, and treating the whole dip as proof that even a giant Elon Musk brand name can’t keep gravity away forever. The meme energy was simple: what goes up on rocket fuel can still come down like any other stock.