SpaceX stock sinks below $135 IPO price for the first timecnbc.com 39 pointsabduhl1 month ago7 commentsSaveHideCopy link On HNComments−ChrisArchitect1moRelated:SpaceX bond worth 10% less than issue price – heading for junk bond statushttps://news.ycombinator.com/item?id=48920181−dhruvyads1moAnd the lock up period isn't even over yet.−tiahura1moHard not to notice how low they’ve set the bar for tomorrow’s flight.−verzali1moPlenty of room to keep falling.−stri8ted1moStill has a 1.78T market-cap. It will be OK.−theplumber1moSo still 1.5T to go down?−SilverElfin1moI guess if you start an absurdly high number that makes no sense, then somehow group think only brings it down a bit and it’s still better than aiming for “true” valuation?
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SpaceX bond worth 10% less than issue price – heading for junk bond status
https://news.ycombinator.com/item?id=48920181
And the lock up period isn't even over yet.
Hard not to notice how low they’ve set the bar for tomorrow’s flight.
Plenty of room to keep falling.
Still has a 1.78T market-cap. It will be OK.
So still 1.5T to go down?
I guess if you start an absurdly high number that makes no sense, then somehow group think only brings it down a bit and it’s still better than aiming for “true” valuation?