SpaceX Stock Erases Gains and Slides Below IPO Price in Intraday Trading

SpaceX stock erases all its gains and slides below IPO price in intraday trading

SpaceX shares dipped below their $135 IPO price for the first time, wiping out early gains and signaling fading hype around Elon Musk's company. Despite the historic $86 billion raise and aggressive AI expansion plans, investor concerns over spending and debt are mounting. The stock briefly recovered to close just above the offering price, but upcoming employee lockup expirations could trigger further volatility.

"SpaceX shares dipped below their IPO price of $135 on Wednesday morning for the first time since listing, signaling dwindling hype around the Elon Musk company."