Shares of SpaceX fell as much as 7% Thursday to $178, leaving the stock trading roughly in line with its volume-weighted average price of just under $180.
Those who have the most shares (the private buyers, execs, c-suite, boardmembers, DJT n Fam) purchased well before IPO.
The “average buyer” are the retail big box store brokers who sold off those early shares to your name brand brokers so morons on WSB and Robinhood could claim to be astronaut investors.
I’m probably wrong about something so don’t fact check me.
No that’s pretty much it. Big institutional investors already were invested privately before. A handful of smaller institutions usually get priority at special rates unaffected by the initial fluctuations.
The big bold number that gets blasted by the media are what the everyday person has access to. And they’re always the first to get fucked, as designed.
Wall Street’s motto is: Privatize the profits, socialize the losses. Everything follows that.
I’ve read that there are masses that are now shorting the stock too, and they’re making money on the dip. Those wouldn’t be your average buyer. Although idk if any of that is considered in that statement from the author.
What do you mean by “the average buyer.” Wouldn’t all buyers currently be in the same exact position?
Those who have the most shares (the private buyers, execs, c-suite, boardmembers, DJT n Fam) purchased well before IPO.
The “average buyer” are the retail big box store brokers who sold off those early shares to your name brand brokers so morons on WSB and Robinhood could claim to be astronaut investors.
I’m probably wrong about something so don’t fact check me.
No that’s pretty much it. Big institutional investors already were invested privately before. A handful of smaller institutions usually get priority at special rates unaffected by the initial fluctuations.
The big bold number that gets blasted by the media are what the everyday person has access to. And they’re always the first to get fucked, as designed.
Wall Street’s motto is: Privatize the profits, socialize the losses. Everything follows that.
This guy gets it.
I’ve read that there are masses that are now shorting the stock too, and they’re making money on the dip. Those wouldn’t be your average buyer. Although idk if any of that is considered in that statement from the author.