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SpaceX Shares Dip Below IPO Price but Close Above $135
SpaceX shares traded below their $135 initial public offering price on Wednesday for the first time. The stock closed at $135.27 after declining about 1 percent in its fourth straight session of losses.
Jul 15, 1:34 PM·1m read7 sources
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Cooling hypeTrading range
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SpaceX shares traded below their $135 initial public offering price on Wednesday for the first time. The stock fell for a fourth consecutive session and closed at $135.27 per share after dipping about 1 percent. The decline occurred during a period of volatility that began after the company's June IPO, which raised a record $86 billion.
Shares had reached more than $225 during the first month of trading and rose about 20 percent on the first full trading day after the offering. SpaceX joined the Nasdaq-100 last week under a rule change that shortened the eligibility period for newly public companies. The stock had already slipped below its first trade price of $150 the day after the index inclusion.
The company's 13th Starship test flight is scheduled for Thursday.
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