this post was submitted on 20 Jun 2026
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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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[–] NotMyOldRedditName@lemmy.world 2 points 20 hours ago* (last edited 20 hours ago)

Pretty much yep. Elon has a controlling interest in SpaceX so I think that was just his outright decision, unless he had to abstain and let the investors decide? I'm not sure if he had a controlling stake in xAI.

Edit: You also left off 'overvalued' when referring to xAI/Twitter. I think SpaceX honestly could have grown into it's individual valuation pre-merger.