SpaceX slips below its $135 IPO price ahead of Starship launch
TechCrunch
SpaceX shares dropped below their $135 IPO price amid market volatility and anticipation of a critical Starship rocket test launch.Summary
SpaceX shares have fallen below their $135 IPO price, marking a steady decline from their post-IPO peak of over $200. This volatility is partly driven by a small "float" of shares on the Nasdaq and a broader cooling of investor sentiment toward tech stocks. The performance of SpaceX stock is being closely watched as a benchmark for other upcoming major tech IPOs, such as those from Anthropic and OpenAI. The company faces a significant test as it prepares for a new Starship test launch, which uses a "fly, fail, fix" development approach that will conclude with the rocket components simulating a landing in the Gulf of Mexico.
(Source：TechCrunch)