Gary Black Thinks SpaceX Stock Could Soon Trade Below Its IPO Price—Here’s Why
Investor Gary Black of The Future Fund LLC said on Monday that Elon Musk-led Space Exploration Technologies Corp. (NASDAQ:SPCX) shares could drop below the IPO price of $135/share in the coming days.
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SpaceX Stock Falls 4.2% in Back-to-Back Session, Tests $135 IPO Price
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SpaceX shares sink below IPO price
SpaceX shares fell below the IPO price on Wednesday amid doubts over Elon Musk’s firm’s lofty valuation and emerging competition from China

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