SpaceX shares fall sharply, erasing nearly all post-IPO gains for average buyer
By
Yun Li
15h ago· 2 min readenNews
70/100
Toasty
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Score70TypenewsSentimentnegative
Summary
SpaceX shares have fallen sharply after their post-IPO surge, with the stock dropping 3.6% to under $184.98 and as much as 7% to $178. The average investor who bought shares after the IPO debut is now approximately breaking even, as the stock trades roughly in line with its volume-weighted average price (VWAP) of around $180. The pullback has erased nearly all gains for post-IPO buyers.
Key quotes
· 3 pulledThe average investor who bought SpaceX shares in the open market after its debut has seen nearly all of their gains disappear as a sharp pullback erased a large chunk of the stock's post-IPO surge.
The move suggests the average post-IPO buyer is now approximately breaking even.
Shares of SpaceX fell as much as 7% Thursday to $178, leaving the stock trading roughly in line with its volume-weighted average price of just under $180.
Shares of SpaceX fell as much as 7% Thursday to $178, leaving the stock trading roughly in line with its volume-weighted average price of just under $180.
