What Happened
Market Value Plummets Amid Reassessment Of Valuations
SpaceX shares have fallen below their initial public offering price of $135 for the first time since the company’s public debut in June, marking a significant decline from its peak. The stock’s tumble comes as investors reassess valuations of this year’s hottest listings, including those with AI links. With a market value that briefly exceeded $2 trillion, SpaceX’s decline could have broader implications for the tech industry. This development was first reported by Business Insider.