this post was submitted on 20 Jun 2026
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396
The average SpaceX buyer post-IPO is almost under water after two-day slide (www.cnbc.com)
submitted 2 weeks ago by sanitation@lemmy.today to c/technology@lemmy.world
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[–] PabloSexcrowbar@piefed.social 9 points 2 weeks ago (3 children)

The only IPO I ever jumped on was ARM Holdings, and that actually ended up doubling within a couple weeks. Made a tidy profit on it, then dumped it when it plateaued.

[–] GoatSynagogue@lemmy.world 12 points 2 weeks ago (1 children)

Bet you wish you held it now though. Up about 7x since it first opened.

[–] PabloSexcrowbar@piefed.social 15 points 2 weeks ago (1 children)

Man, I was having a good day, too...

[–] rbos@lemmy.ca 2 points 2 weeks ago

A win is a win!

[–] vinnymac@lemmy.world 7 points 2 weeks ago (1 children)

Notably ARM was not mainstream when it IPOd either, meaning it was a safe(r) bet at the time.

Most IPOs have become sensationalized to drive up interest, which is terrible for everyone except a select few.

[–] PabloSexcrowbar@piefed.social 8 points 2 weeks ago (1 children)

I'm not sure what you mean. It already had complete dominance of the smartphone market, which was, at the time, still growing.

[–] vinnymac@lemmy.world 2 points 2 weeks ago* (last edited 2 weeks ago) (1 children)

We in this forum are a specific type, few use lemmy, and few invest in Arm directly.

SpaceX and Arm aren’t comparable, f.e. I know a college student investing in Space X, as well as an Elderly man, a cousin of mine who works in marketing, etc. It’s normal joes who want in. That never happened to Arm, and I’d be surprised if it ever does. It won’t be mainstream. I don’t know anyone personally who invests in Arm other than myself.

I’m talking about norms and sensationalism, not the state of a technology.

[–] PabloSexcrowbar@piefed.social 1 points 2 weeks ago

Oh I see what you mean. Yeah that's a fair point.

[–] ripcord@lemmy.world 0 points 2 weeks ago

Yes, sometimes gambling pays out.