SpaceX falls to $135 IPO price ahead of Starship launch
TechCrunch
SpaceX shares dropped to their $135 IPO price amid market volatility ahead of a critical upcoming test flight for the Starship rocket.Summary
SpaceX stock has declined to its initial public offering price of $135, retreating significantly from highs above $200 reached after its debut. The volatility is attributed to a small market float and broader cooling in the tech sector, which has also impacted the company's bonds. Market analysts are closely monitoring SpaceX as a bellwether for upcoming IPOs from companies like OpenAI and Anthropic. The stock faces a new test on Thursday as SpaceX conducts a Starship rocket launch, a high-stakes event that utilizes a “fly, fail, fix” development strategy, with both rocket stages intended to crash into the Gulf of Mexico regardless of flight performance.
(Source：TechCrunch)