SpaceX Stock Falls Below IPO Opening Price After Post-Launch Surge
By
Victor Tangermann
7h ago· 3 min readenNews
Summary
SpaceX's stock, following its June 12 IPO at $150, initially surged to over $225 before experiencing a sharp decline. The shares have now fallen below the opening price to around $147, wiping out all gains. The article reports a particularly bad single-day drop of nearly 17% on Monday, erasing hundreds of billions in market value as investor sentiment turned cold.
Source
bskySpaceX Stock Falls Below IPO Opening Price After Post-Launch Surgefuturism.comKey quotes
· 3 pulledSpaceX went stratospheric following its June 12 IPO, soaring from an opening price of $150 to an all-time high of just over $225
many investors started getting cold feet, wiping out hundreds of billions of dollars in value as the shares slid
On Monday alone, shares plummeted by almost 17 percent, its worst single-day performance
SpaceX's shares plunged below the company's opening price, reaching an all-time low of a hair over $147, wiping out all gains so far.
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