SpaceX's stock dropped by 10% at one point during the day, indicating signs of retail investors withdrawing their funds.

The trend of SpaceX's stock price proves that even the largest initial public offering in history is still vulnerable to the common stock price fluctuations seen after large companies go public. Michael Monaghan, partner and portfolio manager at Founder Funds in Dallas, stated that as investors weigh high growth expectations for future earnings against unclear paths to achieve them, the stock price may continue to fluctuate. The institution holds stocks in SpaceX. Data from Vanda Research shows that in the first few days after SpaceX went public, retail investors were net buyers. However, on Wednesday, they retreated, with net inflows mostly balancing out, and by the closing bell, there was only a modest net inflow of $2.3 million. This sentiment seems to have continued into Thursday. In the first 10 minutes after the market opened, retail investors sold a net of $3.5 million, but then the funds stabilized and turned back into net buying.