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SpaceX stock on watch after hitting all-time low, dips below IPO price

SpaceX shares have plummeted to an all-time low, dropping below the company's initial public offering price.

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The brief

SpaceX stock has experienced a significant sell-off, causing the share price to fall below its $135 IPO price. According to the Financial Times, this decline has wiped $1tn from Elon Musk's rocket group.

Coverage from Yahoo Finance, BBC, and TechCrunch emphasizes that the stock has hit an all-time low and dipped below its stock market debut. MarketWatch reports that while the Nasdaq, Dow, and S&P 500 are generally higher, chips and hardware stocks are falling.

Future attention is focused on the upcoming Starship launch, as noted in coverage from TechCrunch.

Synthesized by Archynetys from the headlines below under a strict no-invention contract. ✓ fact-checked: all claims supported by sources Updated 42m ago.

Quick answers

What was the IPO price of SpaceX?

The IPO price was $135.

How much value was lost during the sell-off?

According to the Financial Times, the sell-off wiped $1tn from the group.

What event is occurring soon for SpaceX?

The company is preparing for a Starship launch.

Coverage (6)

Topics

SpaceX Elon Musk Starship Stock Market

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