Commercial Space News

CNBCSamantha Subin

SpaceX shares break below IPO price as post-listing rally unravels

SpaceX’s (SPCX) stock traded below its $135 IPO price for the first time, closing just above the level on Wednesday, about a month after the rockets-to-AI company completed the biggest IPO ever. The selloff follows cooling investor enthusiasm as next rocket launches and upcoming earnings approach.

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