The Reluctant Reversal of SpaceX's Retail Rush The unrelenting enthusiasm of individual investors for Elon Musk's SpaceX has finally begun to wane.
For nearly two months, retail traders had been undeterred by a 67% post IPO surge, only to see the stock plummet and recover again. But on August 7, a day that marked a decisive shift in sentiment, they blinked.
While Wall Street was fretting about the financial implications of SpaceX's AI ambitions for its Starlink satellite internet operation, individual investors had been buying into the company's promise with unbridled fervor.