SpaceX retail investors begin selling
The article discusses a shift among retail investors in the stock markets towards net selling of SpaceX shares for the first time since its initial public offering on the New York Stock Exchange. The total selling volume reached $4.5 million amid significant volatility in the stock's performance, which surged by 67% above the offering price before dropping more than 22% below its final value. Experts attribute this shift to investors attempting to realize profits and regain initial valuation levels after daily trading purchases hit a record high of $144.6 million during the IPO period. Financial concerns have also been raised about Starlink's ability to sustain funding for AI projects, as the stock experienced volatility and the number of freely tradable shares doubled, increasing selling pressures and reducing financial positions as the price approached its par value.
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