What Happened
Private Space Leader Sees Stock Drop After Strong Market Debut
SpaceX shares have extended their decline, moving closer to the company’s $135 initial public offering price. Despite this, the company remains a major player in commercial space launches and artificial intelligence infrastructure. The recent weakness comes after SpaceX joined the Nasdaq-100, attracting buying from index-tracking funds. The company also received a regulatory boost after the Federal Aviation Administration completed its review of the Starship booster issue, according to Yahoo Finance.