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Musk’s SpaceX Breaks Below Its $135 IPO Price After a 42% Collapse From Its Peak

SpaceX (Nasdaq: SPCX) fell 3.08% to close at $131.11 yesterday, its first finish below the $135 initial public offering (IPO) price since the rocket maker’s record June debut. A Retreat Ensues The close capped a multi-day slide for Elon Musk’s rocket company, given shares had already touched an all-time low of $132.75 intraday on Wednesday…

Image of SpaceX's officeSpaceX (Nasdaq: SPCX) fell 3.08% to close at $131.11 yesterday, its first finish below the $135 initial public offering (IPO) price since the rocket maker’s record June debut. A Retreat Ensues The close capped a multi-day slide for Elon Musk’s rocket company, given shares had already touched an all-time low of $132.75 intraday on Wednesday […]

Source: https://news.bitcoin.com/spacex-stock-closes-below-ipo-price/