원문 보기
Elon Musk just destroyed all the private investors who were buying SpaceX. A former broker predicted this 10 days ago. Ordinary investors invested money in the largest IPO in history. And today, at the very moment I'm filming this, these people are seeing their money disappear. Last Tuesday, the stock hit the 225 mark.
And today, today, it's trading at $165. That's a 27% drop in less than a week. I am a former Series 7 licensed stockbroker. And I want to tell you something the financial media will never say out loud. This is not a surprise. This is a standard scheme. I've seen it used on clients for years. My name is Rich.
I worked as a licensed broker on Wall Street for many years. I was sitting at a table across from the customers. I've seen how this game works from the inside. I left that world and now I own a business. I create things and talk about money in a way no one talked to me about when I was selling them.
So when I saw the SpaceX IPO launch, I didn't see a rocket. I saw the mechanism. I've seen this before, and I want to explain to you exactly what happened. So that next time you will notice it too. Here are the facts. SpaceX's IPO took place on June 12 at a price of $135 per share. The largest IPO in history.
75 billion was raised in one day. The excitement was simply cosmic. Billboards in Times Square. Elon Musk becomes the world's first trillionaire. SpaceX opens at 150 and closes at 161 on the first day. Private investors are going crazy. By June 16, 4 days later, the shares are worth 225. This is a 67% gain from the IPO price in 4 days.
And here's where it gets interesting. Those who made a profit, okay, people who got IPO allocations of 135 through Robin Hood, Fidelity, SoFi, are a small number of lucky private investors . The average person, seeing the hype on social media, probably bought them for 180, 190, 200, chasing a rocket.
Then on June 17, the first day that options trading began, allowing sellers to play bearish, the market collapsed: down 5% on Wednesday, down 3.6% on Thursday, and today, Monday, June 22, down another 9%. I told you: a complete failure. So, everyone who bought them after the IPO took off is now in the red or barely breaking even.
And everyone who bought at the peak lost almost 27% of their money in one week. Here's what I want to tell you that no one else is saying. This is no coincidence. This is a structure. When I was a broker, we called this the distribution phase. An IPO is not designed to make you rich. The IPO was created to transfer shares from insiders, venture capitalists, early employees, and Elon Musk himself to the public at the highest possible price.
Think about it. SpaceX was losing money, $4.9 billion in net losses in 2025 alone. The AI company XAI, which burned 6 billion in one year . Each of XAI's original co-founders left before the IPO. So that should tell you something . Elon himself publicly stated that XAI was built incorrectly the first time.
And yet the shares were valued at 1.77 trillion on the first day. More than Amazon, and even briefly more than Microsoft. It's all thanks to hype, scarcity, and a mechanism that Wall Street has been perfecting for decades. Only 4% of SpaceX shares were available for public trading. When you limit supply and create crazy demand through billboards, CNBC, all kinds of coverage, Elon's tweets, prices go where history takes them.
And retail investors, people like your neighbors, family members, and even you, see the rocket going up and try to jump in. Then those who needed to sell sell while you buy. This is the distribution phase, and it works every time. And that's what's being almost completely ignored in the news right now.
The share lock-up period expires in December 2026. Currently, only 4% of SpaceX shares are freely tradable. The remaining 96%, owned by insiders, early investors, Elon— they're all locked up until December. When this offering hits the open market, the same low-volume dynamics that lifted the stock from 135 to 225 will work in reverse.
More stock, same demand, lower price. Morning Star's fair value for this stock is $62. This is less than half the IPO price. I'm not saying it will fall to $62. I'm saying you should know that such a figure exists, and the people who set the IPO price obviously knew about it too. Look, SpaceX could be an incredible company in the long run.
Starlink is truly amazing. The rockets are real, of course, but there's a difference between a great company and a great deal at a great price. The price is now 165 and it is falling. You're not buying SpaceX at a great price. You buy it at the price set by the people who needed to sell their shares.
I spent years inside this system. The best I can do right now is help you understand how it works. So, if you found this video helpful, hit the subscribe button because the next video will contain even more of this great information. This is Rich. Season.
Comments 0