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SpaceX shares fall below IPO debut price
The stock last traded at $132.62, down from an initial listing of $135, leaving IPO investors potentially nursing losses if the move holds.
SpaceX shares have slipped below their IPO debut price just over a month after the company began trading publicly. BBC Business reports the price for a single share fell to $132.62 on Wednesday, below the initial listing level of $135.
The outlet notes the decline would put investors who bought shares around the IPO at risk of losing money if the price remains lower or drops further.
BBC Business also highlighted that SpaceX stock has been volatile since it started trading, after an early spike that briefly pushed the company to a valuation surpassing Amazon and Microsoft.