SpaceX Shares Fall Below IPO Price for First Time, Down 43% in One Month

SPCX-5.43%
According to News1, SpaceX shares fell below the IPO price of $135 for the first time on July 16, closing at $131.11 after a 43% decline from its peak just one month following the company's record $86 billion IPO on June 12. The stock's decline also wiped out $1.03 trillion in market capitalization within a month, with factors cited including investor profit-taking, concerns over AI investments financed by debt, and broader tech stock weakness amid potential Federal Reserve rate hikes. Markets are closely watching SpaceX's second-quarter earnings report, scheduled for early August, with potential lockup (lock-up) share releases expected to create additional downward pressure.
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GateUser-2ee21f97vip
· 36m ago
Get on board now! 🚗
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GateUser-2ee21f97vip
· 36m ago
Go for it—done. 👊
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