What Happened
Marquee Stock Debut Faces Market Volatility
SpaceX’s initial public offering has been met with significant market volatility, with the stock price slipping close to its IPO price of $135. This has raised concerns among investors and analysts, who warn that a break below this level could have a psychological impact on the market and potentially influence the decisions of other companies considering public listings. According to Reuters, SpaceX’s first earnings report will be a major test for the stock, with underwriters likely to provide support in the first 30 days.