"But A Whimper": Retail Euphoria In SpaceX Fizzles After Stock Loses $600 Billion In One Day
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Source: Zero Hedge
Published: 2026-06-23 12:10 UTC+10:00
Section: General
Factuality Score: 100
Opinion Category: Neutral
Topics: Business, Economy & Finance, Financial Markets, Trade & Sanctions, Business & Economy
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Snippet:
It started off with a bang: SpaceX IPOed on June 12 with an opening price of $150 on their first day of trade, well above the offering price of $135, and within two days, enterprising traders were ravenously bidding up 380 calls (expiring in just days) in hopes of sending the stock soaring in hopes of orchestrating a gamma squeeze.
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