SpaceX stock drops over 3% as post-IPO rally continues to cool
By
Kai Nicol-Schwarz
2h ago· 2 min readenNews
Summary
SpaceX's stock has dropped more than 3% in premarket trading, continuing a selloff after a post-IPO rally. The company went public on June 12 in a record-breaking IPO, briefly surpassing Amazon and Microsoft in market cap before falling back. Shares fell 5% and 3.6% on Wednesday and Thursday respectively, with the initial rally now cooling.
Source
bskySpaceX stock drops over 3% as post-IPO rally continues to coolcnbc.comKey quotes
· 3 pulledSpaceX is down more than 3% in premarket trading on Monday, continuing a selloff that has seen the stock fall in the past two full days of trading after a rally after its record-breaking IPO.
Elon Musk's space and artificial intelligence firm became one of the world's most valuable companies after a blockbuster listing on June 12.
Stock surged in SpaceX's first two full days as a public company, with market cap surpassing Amazon and — briefly — Microsoft on Tuesday, before falling back below both.
A rally following the company's record breaking IPO on June 12 has cooled, with stock dropping the past two full days of trading.
You might also wanna read
SpaceX's Record-Breaking $1.77 Trillion IPO: Inside the Largest Public Offering in History
SpaceX's IPO is analyzed as the largest in history at a $1.77 trillion valuation, surpassing Saudi Aramco. However, only about 4% ($75 billi
matteast.io·11d ago
SpaceX IPO validates crypto price discovery but excludes tokenized holders from allocations
SpaceX's highly anticipated IPO on June 12 raised $75 billion at $135 per share, valuing the company at over $2 trillion and making Elon Mus
cointelegraph.com·5d agoComments
Sign in to join the conversation.
No comments yet. Be the first.