Retail traders on how they're handling SpaceX's post-IPO volatility

SpaceX hype has cooled since the company's colossal IPO two weeks ago. Shares, which began trading on June 12, hovered just above $150 and the stock finished Thursday about 32% below its peak, though still roughly 13% above the $135 IPO price. Some retail traders remain convinced.

Walid Diab, a 38-year-old consultant in the UAE, bought $25,000 worth of shares as the stock neared $170, sold about $14,000 later for a roughly $1,300 gain and is holding the rest for the long term. He described SpaceX more as a "logistics company" with little competition and said, "You can only come up with the conclusion it can only go up from this point," adding that "Elon...

always has some sort of trick up his sleeve." Others flipped early but plan to return. Prashant Mishra and his wife each invested £1,000 via the IPO, sold for a small profit and said Musk's persona played a major role in their decision — "If he was not there, I would not have bought [the stock] at such a high valuation," Mishra said, noting the company lost money in 2025.

UAE

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