After SpaceX announced its financial report, the stock price plummeted by 13.6%, and retail investors seized the opportunity to buy at a lower price.

After SpaceX released its first financial report since going public, its stock price plummeted sharply, prompting retail investors to seize the opportunity to buy on the dip on Wednesday. According to Vanda Research, retail investors net bought $22.7 million worth of SpaceX stock in the first hour of trading, marking the third highest total for opening hour purchases in the 37 trading days since the company's IPO. "This indicates that retail investors' enthusiasm for buying on dips has not waned following the earnings report-induced sell-off; rather, they are more inclined to seize the opportunity," Vanda Research noted in its report. The financial data company stated that if the momentum continues, Wednesday could become the second-highest day for net purchases by retail investors since SpaceX's listing, second only to June 16. Since completing the largest IPO in U.S. history at $135 per share on June 12, SpaceX has not seen a single day of net selling by retail investors. After the earnings report, SpaceX's stock price dropped 13.6%, as investors began to worry about how long its profitable Starlink business could continue to fund its high-cost AI investments. According to Vanda's data, SpaceX was the most purchased U.S. stock by retail investors on Wednesday, followed by chipmaker AMD.