SpaceX's stock price has dropped to its IPO price of $135 ahead of the Starship launch. The decline reflects market skepticism about CEO Elon Musk's promises. This signals cautious investor sentiment despite the company's high-profile projects.
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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 to just above $135 on Wednesday, the price that CEO Elon Musk and his company chose ahead of its blockbuster June 12 IPO that raked in nearly $86 billion.
