DXYZ, NASA, VCX Slip Overnight: SpaceX IPO Buyers Get Tiny Allocations, Rush To Take Profits
Shares of DXYZ, NASA, and VCX fell up to 3% overnight as retail investors received limited allocations in SpaceX's IPO. SpaceX's stock (SPCX) surged 20% on Monday, reaching a $2.5 trillion market cap. Leveraged long ETFs like SPCM and SPCL rose 22%, while bearish funds like SSPC and SPCQ dropped 30-36%. VCX was the biggest loser, falling 15%. Retail investors reported receiving far fewer shares than requested, with some taking profits.
