The SpaceX Frenzy: A Cautionary Tale of Speculation The dust has settled on the most hyped initial public offering (IPO) in recent memory, leaving retail investors who bet heavily on SpaceX reeling from the aftermath.
With a share price that has spent half its life below the issue price, it's time to assess what this frenzy of speculation reveals about our collective psyche.
Over 28,000 Australian retail investors have seen their shares trade below the issue price, with some reportedly nursing losses as high as $100,000.