US Stock Movement | SpaceX (SPCX.US) stock price falls below IPO issue price, down 33% from listing peak

Zhitong Finance APP reported that on Thursday, SpaceX (SPCX.US) continued to weaken, falling nearly 1%, now quoted at $134.91. The company’s share price has fallen below its highly anticipated initial public offering (IPO) price of $135. After the record-breaking IPO on June 11, which raised $75 billion, the stock price surged rapidly but has now dropped a cumulative 33% from its post-listing historical closing high. With a large number of restricted shares set to be unlocked in early August, the number of tradable shares on the Nasdaq market will increase significantly, and the company’s share price may face greater volatility.