SpaceX Shares Fall Below $135 IPO Price, Down 40% from June High
SpaceX shares dropped below their initial listing price of $135 for the first time, declining 40% from a June intraday high of $225.
SpaceX shares have fallen below their initial listing price of $135 for the first time, according to market data. The stock is now down 40% from an intraday high of $225 reached in mid-June.
The decline follows the conglomerate's recent capital raise of $86 billion at a valuation of nearly $2 trillion. Elon Musk's company has seen its share price retreat as market conditions shift.
Source: First Squawk