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Retail Traders Who Bought SpaceX Told Us How They're Handling the Volatility
Business Insider • • business
Key Points:
- SpaceX's stock price has dropped 32% from its peak since its IPO two weeks ago, settling slightly above the $150 mark, though still up about 13% from the $135 IPO price.
- Many retail investors remain optimistic about SpaceX's long-term potential, with some seeing it as a logistics company with little competition and others attracted by Elon Musk's leadership.
- Some investors who flipped shares for quick profits plan to reinvest during future price dips, while others are waiting for a significant valuation drop before buying back in.
- A few cautious investors express skepticism about SpaceX's ambitious plans and current lack of profitability, preferring to buy only if the stock price falls to more attractive levels.
- Risk-tolerant traders, including a Reddit user who invested their entire Roth IRA, maintain confidence in SpaceX's future growth over a long investment horizon despite recent price declines.
