u/Nice-Frosting8642 ·
Reddit — r/smallstreetbets
· June 02, 2026 at 21:34
· ⬆ 21 pts
· 💬 53 comments
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So is the reddit pump on $SPCE just over like that? I see some people bailed, some bag-holders salty, and some who bought puts/shorted. I sat this one out until today and snagged a $5.40 small share position. I find it insane that the stock crashed this hard off a dilution that small, considering the total market cap loss from today's sell off, from article pictured: "shares plunged almost 40% on Tuesday after the space tourism company announced plans to redeem up to $30.5 million."
I hope the party isn't over, because I just came out to play. "Virgin Galactic's stock is having its worst day ever" is a buzzkill of a headline too. Show me your 2021 power, reddit, because right now you're crashing out like a Blue Origin rocket. I may average down a little more on this tomorrow, but I know I am buying into a hype cycle, so it won't be significant amount, and this isn't a pump post for SPCE, but I believe it's not over. Tell me what y'all are thinking, because at the time of this writing, it's down an additional 2.61%, $4.47.
[SPCE stock news headlines.](https://preview.redd.it/1gbf8rfiux4h1.png?width=1918&format=png&auto=webp&s=df426aef68f2eb2950da2f6dda32fb5d9a8cdbda)
edit: 6:46 EST - AH up 3.5%, rebound may be forming.