SpaceX Stock's Biggest Test Isn't Its Post-IPO Drop. It's Coming in Late July.
SpaceX stock is falling after a rally that followed its June 12 public debut. The share price briefly dipped below $150 on Tuesday. Market value has dropped by more than $600 billion from the peak.
What changed
New data specifies the IPO date of June 12 and the stock's dip below $150.
Live updates
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SpaceX Shares Slump Following Record IPO
confidence 80%SpaceX stock is falling after a rally that followed its June 12 public debut. The share price briefly dipped below $150 on Tuesday. Market value has dropped by more than $600 billion from the peak.
What's confirmed:
- SpaceX went public on June 12.
- The company's IPO was record breaking.
- SpaceX shares have fallen from their post-IPO peak.
Still unconfirmed:
- The stock briefly fell below $150 a share on Tuesday.
- The company erased more than $600 billion in market value from its peak.
- The stock is down 23% from its post-IPO high.
- The stock is down 35% from its peak.
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SpaceX Stock Slips After Record-Breaking IPO
confidence 90%SpaceX shares have declined following an initial surge that pushed the price past $200. The company's public debut was the largest in history, though recent volatility has left some early buyers underwater. Investors are now looking toward a critical test in late July.
What's confirmed:
- SpaceX priced its initial public offering at $135 a share on June 11.
- The SpaceX IPO was the largest in history at $75 billion.
- SpaceX stock is traded on the Nasdaq under the ticker SPCX.
- Shares rose above $200 after the initial offering before slipping back.
Still unconfirmed:
- A $400 billion sell-off caused the stock to seesaw.