Retail investors sold a net $4.5 million in SpaceX stock on August 7, ending weeks of persistent buying since its June debut.
Retail investors sold a net $4.5 million in SpaceX shares on August 7, marking their first net selling day since the company’s June 12 IPO. The shift occurred despite shares rebounding near the $135 IPO price, suggesting profit-taking rather than panic selling.
Prior to this, retail buying peaked at $144.6 million on June 16, while August 5 saw the fourth-highest net buying day as traders bought the dip after a 13.6% share slump. The selling follows SpaceX’s first quarterly earnings report, which highlighted AI spending returns but raised concerns over Starlink’s ability to sustain costly investments.
The move contrasts with recent retail behavior, where individual investors consistently bought dips and rallied around the stock.