SpaceX shares drop below IPO price
Pequeño is a breaking news reporter who covers tech and more.
Shares of Space Exploration Technologies fell 1.65% on Wednesday, trading at $133.84, down $2.24 on the day, continuing a slide that has pushed the stock below its June initial public offering price of $135 per share and near its all-time low of $136.78, reached just two days earlier.
SpaceX initially saw its stock price rise to more than $200 in the days after it went public, briefly giving it a valuation that rivaled tech giants like Amazon and Microsoft.
The price for a single share in Elon Musk's rocket, satellite and artificial intelligence (AI) company fell to $132.62 (£98.24) on Wednesday, below its initial listing of $135.
