SpaceX's IPO Storm and the $800B Share Flood

SpaceX’s wild ride just got wilder: after a meteoric IPO surge, its stock plummeted 32% from peak, sparking alarm from Nasdaq’s Robert Greifeld. He warns the market’s old rules weren’t built for a $75B IPO—and now, $800B in locked-up shares from early investors will flood the market by October. Greifeld, who sold his own SpaceX shares on day one, says these investors aren’t chasing gains—they’re cashing out. Even with index funds buying in (thanks to SpaceX joining the Nasdaq-100 on July 7), Greifeld sees a ceiling: Starlink’s profits can’t offset massive losses in AI and rockets. The real test? Can SpaceX’s big vision absorb all those shares hitting the market? Support the show:Get a discount at https://solipillow.com/discount/dnn. Advertise on DNN:[email protected] This is an automated, high-level news summary based on public reporting.Report issues to [email protected]. View sources & latest updates:https://sources.thednn.ai/9785f1055b3f204e