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SpaceX Investors in Meltdown Over All the Money They’ve Lost
(finance.yahoo.com)
This is a most excellent place for technology news and articles.
I think the assumption was that the shortened window to list it in the NASDAQ 100 in 15 days meant that it would be bouyed by 401k money. I don't think early investors planned to be able to pump and dump so effectively that US retirement savings as a whole weren't enough to keep it up.