this post was submitted on 20 Jun 2026
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396
The average SpaceX buyer post-IPO is almost under water after two-day slide (www.cnbc.com)
submitted 2 days ago by sanitation@lemmy.today to c/technology@lemmy.world
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[–] workerONE@lemmy.world 32 points 2 days ago* (last edited 2 days ago) (2 children)

Saying the average buyer is almost underwater is another way of saying that the average buyer has made a profit.

[–] architect@thelemmy.club 8 points 2 days ago

The media does this constantly with Elon.

[–] Voroxpete@sh.itjust.works 2 points 2 days ago

They would have to realize that profit and to do that they'd have to sell. Any meaningful quantity of "average buyers" cashing out would certainly result in most of them selling at a loss as the price dips below their break even.