SpaceX share price drops below stock market debut
Summary
SpaceX’s stock price has fallen below the price it first had when it started trading on the stock market just over a month ago. The share price dropped to $132.62, which is lower than the initial price of $135, causing some investors to potentially lose money.Key Facts
- SpaceX began trading on the stock market a little over one month ago.
- The initial price for one share was $135.
- The share price recently dropped to $132.62.
- This price is 41% lower than the highest price since the company went public.
- The drop means some early investors might lose money on their shares.
- SpaceX is a company founded by Elon Musk that works on rockets, satellites, and artificial intelligence.
- The company did not immediately respond to requests for comment about the stock price drop.
- Earlier, the company’s value was higher than Amazon and Microsoft, and Elon Musk briefly became the world's first trillionaire.
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