SpaceX's stock price has fallen below its $135 IPO price ahead of the Starship launch. The decline reflects market skepticism about the ambitious promises made by CEO Elon Musk. This shift indicates investors are reassessing the company's near-term prospects.
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The stock has steadily fallen from the euphoric post-IPO high, showing that markets may be sobering up to the promises CEO Elon Musk made before and after SpaceX went public.
SpaceX’s shares fell below $135, the price that CEO Elon Musk and his company chose ahead of its blockbuster June 12 IPO that raked in nearly $86 billion.
