SpaceX Shares Drop After Post-IPO Peak, Falling Back to $200
By
Futurism
4h ago· 1 min readenNews
Summary
SpaceX shares experienced a rapid decline shortly after a multitrillion-dollar IPO, dropping from a peak of over $222 on Tuesday to around $200 by day's close, with further losses continuing Wednesday morning. The article suggests the novelty of the stock is wearing off.
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bskySpaceX Shares Drop After Post-IPO Peak, Falling Back to $200apple.newsKey quotes
· 3 pulledThe novelty is wearing off.
Shares of Elon Musk's SpaceX rallied after a multitrillion-dollar IPO last Friday, reaching a peak of over $222 Tuesday morning.
But then, like debris from an exploding Starship rocket, shares started to fall — retreating all the way back to around $200 by the close of the day.
The novelty is wearing off. Illustration by Tag Hartman-Simkins / Futurism. Source: Tom Brenner For The Washington Post via Getty Images; Google Shares of Elon Musk’s SpaceX rallied after a multitrillion-dollar IPO last Friday, reaching a peak of over $22
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