SpaceX stock sinks for a second-straight day, nearing $135 IPO price
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Shares of SpaceX hit a new all-time low on Monday, bringing Elon Musk 's company closer to its $135 initial public offering price days after making its entrance into the Nasdaq-100.
Key facts
Shares of SpaceX hit a new all-time low on Monday, bringing Elon Musk 's company closer to its $135 initial public offering price days after making its entrance into the Nasdaq-100
The stock sank 4.51% Friday and lost another 4.24% Monday
Through its first month as a public company, the stock has been volatile since its June 12 debut
Both companies said they confidentially filed IPO prospectuses with the Securities and Exchange Commission this summer, but haven't disclosed any official timelines or plans for their debuts
Summary
The stock sank 4.51% Friday and lost another 4.24% Monday. Through its first month as a public company, the stock has been volatile since its June 12 debut. The blockbuster debut, which saw Musk briefly become the world's first trillionaire, was expected to be the first of other highly-anticipated IPOs in the artificial intelligence space, including OpenAI and Anthropic. Both companies said they confidentially filed IPO prospectuses with the Securities and Exchange Commission this summer, but haven't disclosed any official timelines or plans for their debuts.