Shares of SpaceX fell as much as 7% Thursday to $178, leaving the stock trading roughly in line with its volume-weighted average price of just under $180.
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.
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.
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.
Bet you wish you held it now though. Up about 7x since it first opened.
Man, I was having a good day, too…
A win is a win!
Notably ARM was not mainstream when it IPOd either, meaning it was a safe® bet at the time.
Most IPOs have become sensationalized to drive up interest, which is terrible for everyone except a select few.
I’m not sure what you mean. It already had complete dominance of the smartphone market, which was, at the time, still growing.
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.
Oh I see what you mean. Yeah that’s a fair point.
Yes, sometimes gambling pays out.