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The Economic Times
The Economic Times
Business

US stocks: Retail investors sold SpaceX shares for first time on Friday

SpaceX IPO

Retail investors who spent weeks defending SpaceX through its post-IPO run turned net sellers on Friday, marking the first such instance since the company's blockbuster debut in June.

Mom-and-pop traders sold a net $4.5 million in Elon Musk's rocket company on ‌August 7, the ⁠first ⁠net negative reading since the company went public on June 12, according to Vanda Research data.

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