SpaceX's shares have recorded a decline for the fourth consecutive day, falling for the first time below the $135 per share price set at the initial public offering (IPO), according to CNBC.
The shares of the company led by Elon Musk lost about 2% in Wednesday's session, now being approximately 34% below the listing price, after an extremely volatile performance since the stock market debut in June. SpaceX's IPO attracted a record $86 billion, and the shares initially reached a peak of over $225 per share. The decline in shares comes ahead of the 13th test flight of the Starship rocket, scheduled for Thursday, suggesting a tempering of investor enthusiasm.
Additionally, SpaceX was recently included in the Nasdaq-100 index, which generated purchases from funds that track the index's structure.
Investors are now awaiting the stock market debuts of other companies in the tech sector, such as Anthropic and OpenAI, which have submitted the necessary documentation for listing.
Sources
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