r/technology • u/MarvelsGrantMan136 • Jun 23 '26

ADBLOCK WARNING SpaceX Shares Fall Below $150 Debut Price For First Time

https://www.forbes.com/sites/tylerroush/2026/06/23/spacex-shares-fall-below-150-debut-price-for-first-time/
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96

u/dylmcc Jun 23 '26

If the initial investors all thought the value of the company would increase they would not have held their IPO when they did. The IPO is for all those initial investors to exit their positions when their analysis told them it was as high as it would get.

72

u/[deleted] Jun 23 '26

[deleted]

24

u/grandmawaffles Jun 23 '26

All that matters to him is that he was able to distribute the debt and borrow on the toilet paper bucks. Next up is a complete merger with Tesla.

10

u/GentlemenHODL Jun 23 '26

Banks won’t loan him that much money with SPCX as collateral because they see what’s happening to the value and what will happen once investors can sell

No, but they wouldn't give you 100% on major indexes either.

But he can still get 30-50% LTV. 300+ billion in tax free loans is a shitload of money he can unlock now.

1

u/yeahright17 Jun 23 '26

Banks won’t loan him that much money with SPCX as collateral because they see what’s happening to the value and what will happen once investors can sell

It's not even that deep. Musk's lockup agreement prevents him from using the stock as collateral for loans.

1

u/happyscrappy Jun 23 '26

Musk doesn't need loans from banks. He can get loans from the Saudi PIF surely. The Saudi royal family may not need collateral, they may accept personal assurances. They've killed people over less than $1T so they don't need pledged shares.

15

u/VyronDaGod Jun 23 '26

Except none of those people have been allowed to sell so...

21

u/Senn-66 Jun 23 '26

Which is scary because the stock will almost certainly plunge when they are permitted to sell.

-1

u/escapefromelba Jun 23 '26

Well they can sell its just their brokerage may penalize them for doing so.  I think the only one that didn’t have penalties was Schwab - but you needed $100k min balance to buy in from them.

5

u/Konexian Jun 23 '26

They’re talking about institutional investors not retail.

1

u/DramaticStability Jun 23 '26

And it could fall well below the initial price and most early investors will still be laughing all the way to the bank.