SpaceX shares slip below IPO price as IPO hype fades, short-sellers profit ahead of planned launch and upcoming earnings
SpaceX’s SPCX shares fell below its $135 IPO price for the first time, just over a month after its blockbuster listing. The selloff follows a rally that briefly pushed the company to investor benchmarks, with bearish positions reportedly turning into multi-billion-dollar paper gains ahead of a closely watched rocket launch and earnings release.