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Retail investors are pouring money into SpaceX at a pace rarely seen in recent years, shifting attention away from the technology giants that have dominated trading activity since the AI boom began.
According to data from Vanda Research, individual investors bought nearly $370 million worth of SpaceX shares during the first three trading sessions following the company’s stock market debut. The figure exceeded the combined retail inflows into the so-called ‘Magnificent Seven’ stocks, including NVIDIA, Microsoft, Amazon, Alphabet, Meta, Tesla, and Apple.
The trend marks a notable change in retail trading behavior. NVIDIA, which has regularly topped retail buying charts over the past few years, attracted about $88 million during the same period. Tesla and Apple, meanwhile, witnessed net selling by retail traders.
Analysts say the surge in demand for SpaceX has not translated into broader enthusiasm for technology or AI-linked stocks. Instead, investors appear focused on a single company rather than making sector-wide bets. Vanda researchers noted that retail flows into other major growth stocks remained relatively subdued despite the excitement surrounding the listing.
The frenzy comes at a time when retail participation in US equities has generally slowed. Vanda data showed that net retail buying recently fell to its weakest levels since early 2020. Against that backdrop, SpaceX has emerged as a rare exception, driving much of the increase in single-stock purchases this week.
However, market watchers warn that the run-up has begun to lose momentum and that the company’s price has started to pull back from its peak after its spectacular start.
Although there are issues surrounding valuation and post-IPO volatility, it appears that SpaceX has not lost its appeal among individual investors. Market watchers say SpaceX has emerged as the new center of attention for individual investors, even outperforming some of Wall Street’s top performers.
