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SpaceX has erased almost $1 trillion in stock market value in five weeks — more than most individual companies in the world are worth (1)
Retail investors who fought for shares at the $135 IPO price are down over 18% as of July 27 (2). Those who bought four days later, at the June 16 peak of $225.64, are down over 50%. A 50% discount on the hottest company in the world may look like an obvious buy, but that instinct is exactly what needs examining.
Must Read – Jeff Bezos backs a platform that lets anyone invest in rental homes for as little as $100 — 6 ways to build wealth like a landlord without actually being one – JPMorgan still sees gold hitting $5,000/oz by Q4 — and savvy investors are protecting their wealth with a tax-advantaged Gold IRA. Learn more with a free guide from Priority Gold – The tax breaks in Trump’s ‘big beautiful bill’ expire after 2028 — and experts say most people won’t act in time. What to do before the window closes “Hype and quality are not the same thing,” Matthew Fleissig, CEO of the wealth management firm Pathstone, warned in a recent MarketWatch column (3).