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SpaceX stock sinks below $135 IPO price for the first time
The stock’s slide could test retail demand and shape pricing for other high-profile listings, analysts said.
- SpaceX shares dipped below their initial public offering price of $135 for the first time since the company's historic Wall Street debut last month.
- The stock's slide below $135 represents a steep 41% drop from its post-IPO record high of $225.64, which was reached just days after its June 12 launch on the Nasdaq.
- The downturn has erased more than $1 trillion in market value from SpaceX's peak, bringing its current valuation back down toward the $1.77 trillion mark implied by its initial listing.
- Analysts point to a mix of valuation anxiety and high volatility fueled by a very small public float—only about 4% of SpaceX shares are freely tradable—which dramatically magnifies price swings.
- The downward pressure comes at a critical time for the company, as SpaceX is scheduled to launch its crucial Starship Flight 13 on Thursday, a suborbital mission designed to test satellite payload deployment sequences.
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(Los Angeles = Yonhap News) Correspondent Kim Kyung-yoon = Sp..., a U.S. space and artificial intelligence (AI) company that attracted market attention last month with the largest-ever initial public offering (IPO)...
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Coverage Details
Total News Sources42
Leaning Left6Leaning Right15Center12Last UpdatedBias Distribution46% Right
Bias Distribution
- 46% of the sources lean Right
46% Right
L 18%
C 36%
R 46%
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