SpaceX extends losses, hovers near IPO price after 39% plunge from peak
The initial euphoria surrounding SpaceX appears to be fading, with the shares falling another 5.3% in Monday’s trade to $137.68, hovering just above their IPO price of $135.
The stock has now completed one month of trading on Wall Street, but has remained highly volatile during the period. Following its record-breaking debut on 12 June, the shares quickly rallied to around $225, briefly pushing Elon Musk’s net worth above the $1 trillion mark and making him the first person to achieve that milestone.
