SpaceX shares slide below IPO price for first time as surge fizzles
SpaceX shares have fallen below their IPO price for the first time following a period of intense market volatility. Investors are expressing concerns over the company's heavy debt-funded AI infrastructure spending.
Why it matters
The decline signals a cooling of investor enthusiasm for high-valuation tech firms and highlights risks associated with massive capital expenditure in AI.
A SpaceX rocket lifts off from the Kennedy Space Center in Florida in June 2024./Getty Images A SpaceX rocket lifts off from the Kennedy Space Center in Florida in June 2024./Getty Images SpaceX SpaceX shares slide below IPO price for first time as surge fizzles Shares fall below $135 price after firm completed biggest ever IPO and made Elon Musk world’s first trillionaire
The article provides a balanced financial analysis of market trends and investor sentiment.
Get smarter about the news
Sign up free for a feed built around what you actually care about, Dive Deeper research on any story, and the full text of every article.
Create free accountAlready have an account? Sign in