What Happened
Investor Confidence Wanes Ahead Of Starship Launch
SpaceX’s stock price has fallen below its $135 IPO price, with shares trading as low as $133 before rebounding to $135.27. The decline follows a steady drop since the company’s IPO in June, which raised nearly $86 billion. The small float of trading shares and immense attention on the company have contributed to wild stock price swings. As SpaceX prepares to test launch its Starship rocket, the outcome may significantly impact investor confidence. This development was reported by TechCrunch.