SpaceX stock falls 33% from peak, slips below $135 IPO price: Here’s why

SpaceX shares have fallen below their IPO (Initial Public Offering) price, raising concerns among investors who bought the stock during its market debut. The company’s shares closed at $136.08 on Tuesday, just above the IPO price of $135, and later slipped below that level. The IPO price is important because it is the price at which investors first bought the company’s shares when it went public.

Falling below the IPO price is seen as a negative sign because it means early investors are now losing money on their investment. SpaceX had a very strong stock market debut.