World
Retail Investors Sell SpaceX Shares for the First Time
Retail investors sold a total of $4.5 million in SpaceX shares, marking their first net outflow since the IPO.
On August 7, retail investors sold $4.5 million in SpaceX shares, signaling a shift to net selling for the first time since the company's IPO. This move comes after a period of intense buying activity among individual investors.
The selling activity occurred alongside a recovery in the stock price, which had previously dropped below the initial offering price. Reports suggest that some investors may be taking profits or attempting to minimize their losses following the IPO's struggles.