SpaceX Stock Slides Toward $135 IPO Price After Nasdaq Debut
Shares dropped more than 4% to below $140 as profit-taking and valuation concerns outweighed buying from Nasdaq 100 index fund rebalancing.
8 Articles
8 Articles
SpaceX extends losses, hovers near IPO price after 39% plunge from peak
SpaceX shares have dropped 5.3% to $137.68, just above its IPO price, following a month of volatility. Despite strong fundamentals, the stock's recent decline is attributed to profit-taking and a market reassessment of tech valuations, losing nearly 39% from its peak.
SpaceX slips below $140 per share, wiping $1T from peak valuation
SpaceX slipped below $140 per share on Monday, wiping out $1 trillion from the peak market capitalization of Elon Musk’s IPO. Since the manic peak three days into its life as a public company, SpaceX has declined from a market cap of $2.9 trillion to under $1.8 trillion today. SpaceX priced the most expensive IPO in history at $135 per share on June 11, selling 555,555,555 shares to raise roughly $75 billion. The stock opened at $150 the next mo…
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