SpaceX Share Price Falls Below Initial Listing Value
The rocket company's stock has experienced volatility since its public market debut.
Business & Markets • 3 months ago
SpaceX's share price has fallen below its initial listing value of $135, reaching $132.62 on Wednesday. This drop comes just over a month after the company's stock market debut.
If the current price holds or declines further, investors who bought shares at the time of the initial public offering (IPO) could face losses. The stock has shown significant volatility since trading began publicly a month ago. Following an initial surge that briefly valued SpaceX higher than Amazon and Microsoft and contributed to Elon Musk becoming the world's first trillionaire, the share price has trended downward. A representative for SpaceX did not immediately respond to a request for comment.