SpaceX stock sinks below $135 IPO price for the first time - CNBC
SpaceX shares have fallen below their $135 IPO price for the first time since the company went public last month. The decline reflects cooling investor enthusiasm ahead of the company's 13th Starship test flight.
Why it matters
As a high-profile aerospace company, SpaceX's market performance serves as a bellwether for investor sentiment toward the broader space and tech IPO market.
SpaceX shares fell for a fourth-straight session on Wednesday, briefly dropping below their $135 initial public offering price for the first time as hype around the reusable rocket maker fizzled.
The article provides factual financial reporting on stock performance and market context without editorializing.
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