posted in Technology
SpaceX Stock Slips Below IPO Price as Short Sellers Profit $15.5B
townflex.com/spacex-stock-slips-below-ipo-price-as-short-sellers-profit-15-5b/
TownFlexSpaceX Stock Slips Below IPO Price as Short Sellers Profit $15.5BSpaceX stock falls below its $135 IPO price to $115.26, giving short sellers $15.5 billion in paper profits as traders double down on bearish market bets.
Replying to @stermy4u@lemmy.world
At what price point does Muskrat get his loans called in?
Replying to @Jaysyn@lemmy.world
His net worth is still half a trillion more than it was a year ago.
He didn’t buy shares in SpaceX, he already had them before the IPO
Replying to @MightEnlightenYou@lemmy.world
FYI, that stock is used as collateral for the loans which fuel his lifestyle. When that stock drops to a certain price, those loans get called.
FFS, he doesn’t have anywhere near half a trillion in liquidity.
Replying to @Jaysyn@lemmy.world
That only matters if lenders a) don’t believe he can pay the loans back, and b) would not themselves be hurt by calling in loans. With how incestuous the Epstein class is, my cynical bet is that he gets away with far too much for far too long