SpaceX · Elon Musk · CNBC Technology
SpaceX stock drops again after rally following blockbuster IPO
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SpaceX is down more than 4% in premarket trading on Monday, continuing a selloff that has seen the stock fall in the past two full days of trading after a rally after its record-breaking IPO.
Key facts
- The stock was still up 37% since its historic debut at market close on Thursday, which offered shares at a set price of $135
- Shares sank 5% and 3.6% on Wednesday and Thursday last week, before the Juneteenth holiday on Friday
- Elon Musk's space and artificial intelligence firm became one of the world's most valuable companies after a blockbuster listing on June 12
- SpaceX is down more than 4% in premarket trading on Monday, continuing a selloff that has seen the stock fall in the past two full days of trading after a rally after its record-breaking IPO
Summary
Elon Musk's space and artificial intelligence firm became one of the world's most valuable companies after a blockbuster listing on June 12. Shares sank 5% and 3.6% on Wednesday and Thursday last week, before the Juneteenth holiday on Friday. The stock was still up 37% since its historic debut at market close on Thursday, which offered shares at a set price of $135. Bullish investors are betting big on the prospect of CEO Elon Musk driving long-term returns at SpaceX.