Elon Musk’s SpaceX stock price has fallen below its IPO price of $135, marking a significant downturn for Elon Musk’s rocket and AI company just over a month after it began trading publicly.
CNBC reports that the share price of SpaceX dropped to $132.62 on Wednesday, falling below the $135 per share price at which the company initially listed on the stock market in June. This decline represents a 41 percent drop from the stock’s peak value achieved shortly after its public debut, raising concerns for early investors who purchased shares around the time of the flotation. Shares opened Thursday trading right at $135, its official IPO price.
The…
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