SpaceX stocks back to IPO price
SpaceX shares have wiped out all the gains since their IPO. Over the last four market sessions, the company's valuation plummeted nearly $700 billion, and the stock price dropped more than 10% in just one day.
Now the stock is trading close to its initial price, just above $150. This means many investors who bought in after the IPO are in the red.
After this heavy sell-off, $SPCX has slipped to the ninth spot among the world's most valuable assets by market cap.
SpaceX shares have wiped out all the gains since their IPO. Over the last four market sessions, the company's valuation plummeted nearly $700 billion, and the stock price dropped more than 10% in just one day.
Now the stock is trading close to its initial price, just above $150. This means many investors who bought in after the IPO are in the red.
After this heavy sell-off, $SPCX has slipped to the ninth spot among the world's most valuable assets by market cap.