Business · 2h ago
SpaceX stock plunges below IPO price, erasing all gains
SpaceX shares fell below their IPO price in intraday trading on July 16, wiping out all gains since the company went public. The stock dropped to $42.50, below the $45 IPO price, amid broader market selloffs and concerns about Starlink's profitability. The decline marks a sharp reversal for the once-highflying space company.
Meridian48 take
The drop underscores the volatility of high-growth tech stocks and raises questions about SpaceX's valuation, which had been buoyed by hype around Starship and Starlink.
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SpaceX stock erases all its gains and slides below IPO price in intraday trading →
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