SpaceX shares fall 18% from peak as post-IPO rally reverses
By
Ana-Maria Stanciuc
Summary
SpaceX shares are declining after a massive post-IPO rally, dropping roughly 18% from their peak of $225.64 on June 16 to around $185. The stock, which trades under ticker SPCX on the Nasdaq, was priced at $135 per share on June 12, raising about $75 billion in the largest stock-market debut in history. After surging 67% in its first three trading sessions, the stock has been unwinding those gains, with the decline described as fast even by hot IPO standards.
Source
bskySpaceX shares fall 18% from peak as post-IPO rally reversesthenextweb.comKey quotes
· 4 pulledSpaceX shares looked poised to fall again as US markets reopened after the long weekend, extending a slide that has already erased much of the euphoria from the largest stock-market debut in history.
The stock closed last week around $185, down roughly 18 per cent from the $225.64 it touched on 16 June, four days after listing on the Nasdaq under the ticker SPCX.
The round trip has been fast even by the standards of a hot IPO.
SpaceX priced at $135 a share on 12 June, raising about $75bn, then rallied some 67 per cent over its first three sessions before a single q
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