finance
SpaceX Shares Close Above IPO Price After 1% Decline
SpaceX shares closed at $135.27 on Wednesday after falling below the $135 IPO price. The stock declined about 1 percent and extended losses to a fourth straight session.
Jul 15, 1:34 PM·1m read8 sources
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SpaceX shares traded below their $135 initial public offering price for the first time on Wednesday, closing at $135.27 per share after a decline of about 1 percent. The stock fell for a fourth consecutive session. It had risen above $225 during its first month of trading after the June IPO that raised $86 billion.
SpaceX joined the Nasdaq-100 last week following a rule change that shortened the eligibility period for newly public companies to 15 trading days. Shares had already slipped below their first trade price of $150 the day after the index addition. The company's 13th Starship test flight is scheduled for Thursday.
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Cooling enthusiasm after surgeStabilizing near IPO price
Cooling offStabilizing
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