SpaceX retail investors offload $4.5M in shares in first net sell-off since IPO

Retail investors became net sellers of SpaceX shares as of August 7, marking the first net outflow since the company's IPO. The shift coincided with a partial recovery in the stock price, suggesting some investors chose to book profits during the rebound. SpaceX shares had previously struggled, trading below their initial offering price for a period. Investors who bought in at launch may now be looking to cut losses despite the recent modest recovery. The $4.5 million in net sales signals a notable change in retail sentiment toward the stock.