SpaceX · Elon Musk · Anthropic · CNBC Technology
SpaceX stock sinks below $135 IPO price for the first time
Compiled by KHAO Editorial — aggregated from 1 source + 4 references discovered via search. See llms.txt for citation guidance.
◌ Single Source
SpaceX shares fell for a fourth-straight session on Wednesday, dropping below their $135 initial public offering price for the first time ever, about a week after joining the Nasdaq-100.
Key facts
- The stock slumped about 2% on Wednesday, putting shares about 34% below their IPO price
- SpaceX shares fell for a fourth-straight session on Wednesday, dropping below their $135 initial public offering price for the first time ever, about a week after joining the Nasdaq-100
- Shares have whipsawed since the reusable rocket maker's historic IPO last month, which raised a record $86 billion and cemented founder Elon Musk as the first trillionaire
- During its first month of trading, SpaceX shares closed as high as nearly $202 a share
Summary
Shares have whipsawed since the reusable rocket maker's historic IPO last month, which raised a record $86 billion and cemented founder Elon Musk as the first trillionaire. The stock slumped about 2% on Wednesday, putting shares about 34% below their IPO price. SpaceX's blockbuster debut came at the start of a potentially record-breaking stretch for IPOs, with hotly anticipated offerings from Anthropic and OpenAI likely on the horizon. Both companies have confidentially filed to go public with the U.S. Securities and Exchange Commission, but haven't provided any official plans.