Swedish retail investors are aggressively buying SpaceX shares as the stock continues its sharp decline, with at least 9,000 new shareholders opening positions at leading online brokers over the past week.
The surge in retail interest comes as the aerospace and artificial intelligence company’s stock has tumbled below its initial public offering price, marking a significant psychological level for the market.
4% on Monday alone, extending a three-day streak of sharp declines.
The buying activity stands in stark contrast to the broader institutional sentiment that has driven the recent selloff.
SpaceX shares fell 16.4% on Monday alone, extending a three-day streak of sharp declines.
The sell-off was triggered by growing market anxiety over a significant debt offering announced by the company, which raised concerns about dilution and leverage in the current rate environment.
Despite the volatility, Swedish private investors appear to be viewing the dip as a buying opportunity.